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. Last Updated: 07/27/2016

08/12/2008

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Capital Flight Fears Lead Georgia to Halt Lending

The Georgian economy suffered a major blow Monday as banks were told to stop issuing loans and investors voiced concern that a military conflict spilling over into the country from two rebel provinces could disrupt energy supplies.

'Historical Insinuations' With a Detached Gaze

A bald Soviet army soldier with bushy eyebrows holds a rosebud to his lip, half-smiling. He looks to the side, and you can imagine that in the next moment he will start dancing the tango.

Business in Brief

Russian Buys French VillaIntegra, Rosatom Team UpSistema Eyes Sky LinkGrain Harvest BoomingSPI Rejects Takeover OfferFor the Record

Georgia's Economy Faces a Hit

Reuters
The Georgian economy is likely to slow from near double-digit growth this year because of its conflict with Russia, a European Bank for Reconstruction and Development official said Monday.
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