Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The controversial bill brought down shares of Georgian companies


May, 21 2024
watermark Economic news

The recently adopted law on «foreign agents» in Georgia has shaken investor sentiment, causing echoes of political turmoil that even affected the London stock market.


The political upheavals surrounding the law had a negative impact on the shares of TBC Bank Group PLC, Georgia Capital PLC and Bank of Georgia Group PLC listed in the UK. The shares of these companies fell by more than 20%.


This event negated last year's stock growth, which reached record highs due to Georgia's good macroeconomic prospects. However, the promotion of the bill worsened investor sentiment. According to a number of economists, Georgia is in a very unstable situation due to a large current account deficit and dependence on Western capital. Geopolitical concerns were added to this.


Georgian Prime Minister Irakli Kobakhidze said that the government will promote the law despite the veto imposed by President Salome Zurabishvili.


Recall that this law is aimed at increasing the transparency of foreign sources of financing for non-governmental organizations and the media. The consequences of the bill's adoption were the fall of the national currency, and therefore the National Bank of Georgia intervened to stabilize the lari.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.