ARTICLE: When Will Georgia Emerge from the Global Recession?

The FINANCIAL -- “Conducting good elections next year will be crucial for Georgia’s successful development,” Patricia Flor, German Ambassador to Georgia, said in an interview with The FINANCIAL. The Ambassador has said that it is largely because of the huge amount of financial support coming from Germany and other European countries and the US that Georgia has managed to survive its recent crises, although a lot of challenges remain for the country. Flor says that restoration of foreign investments depends on the stability of the GEL and its value against other currencies, “which is always hard to predict.”

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