The FINANCIAL - Opinion

The FINANCIAL -- The guiding principle of business value creation is a refreshingly simple construct: companies that grow and earn a return on capital that exceeds their cost of capital create value.

The FINANCIAL -- Back in October 2014, soon after the introduction of new visa regulations by the Georgian government, I visited Seoul, the capital of South Korea. An unpleasant surprise awaited me on the way back home at the Seoul airport. The young stewardess checked my (Israeli) passport and informed me that,according to the system, I will not be allowed to boardthe flight (to Istanbul) unless I show a Georgian residence card or buy a return ticket. 

In this column I focus on the Soviet Union’s legacy and on people’s attitudes towards democratic political systems compared to centralized, authoritarian political systems in which leaders are unhindered by parliaments or elections. I have used the findings of the World Values Survey (WVS), which has been conducting annual polls in the post Soviet territory since 1995.

The FINANCIAL -- The bouts of sharp lari depreciation in the recent months caused much anxiety among the population, prompting fears of inflation, loan defaults, bank failures, and the typical Georgian political speculations over “who is to blame”. 

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