Opinion

The FINANCIAL -- International travel, whether for business or pleasure, carries with it an inherent need for preparation. One of the biggest concerns for the unseasoned traveller is how to obtain the different types of currency that need to be used in a foreign country. The simplest solution is not always the best for your bottom line when it comes to fees and the possibility of being scammed. There are several ways to exchange currency, as outlined below.

When the Soviet Union collapsed 25 years ago, almost 300 million of our “ex-Soviet” compatriots were faced with making a choice for their own country’s future. Some got lucky and ended up in the EU and NATO. Others are still striving to become club members; a few have almost no chance, especially with one former Soviet state playing the harmful role of big brother.

The FINANCIAL -- There is one popular myth about Georgia that has been shared throughout generations. It tells us the story about the division of the Earth among various nationalities once initiated by the God. After celebration of their traditional feast accompanied with toasts for the God’s glorification, Georgians arrived too late for the great event, by the moment the Earth had been already divided. Having sympathy towards these people, the Lord decided to give them a piece of land he preserved for himself. The land of Georgia was referred to as the “God’s land” for its beauty since ancient times.

The FINANCIAL -- Mortgage loan is one of the most common types of financial security securing the turnover of the real estate market. According to the representatives of development companies, over 70% of customers purchase apartments with mortgage loans. The devaluating Georgian Lari seriously jeopardizes the pay-off of mortgage loans as USD is dominating on the Georgian real estate market. The dominance of USD on this sector has a serious impact on the economy of Georgia.

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