PM confirms postponement of offering of state railway monopoly on stock exchange
24 May, 2012
PM confirms postponement of offering of state railway monopoly on stock exchange

Prime Minister Nika Gilauri has confirmed that the government of Georgia decided to postpone public offering of its state railway monopoly on stock exchange.
Gilauri named the existing bad situation on markets as a motive for the decision.
‘We had

consultations with bankers and investors for the last few days. Unfortunately, situations in markets have worsened so much, that we were not advised to do this’, Gilauri said.
According to the PM, the bad situation was caused by problems of Spain and Greece.

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GEL Exchange Rate
Convertor
19.11.2017
20.11.2017
USD
1
USD
2.7268
2.7268
EUR
1
EUR
3.2176
3.2176
GBP
1
GBP
3.6097
3.6097
RUB
100
RUB
4.5750
4.5750
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