Uzbekistan: UAE company to buy securities of second largest bank

UAE-based investment company Frontera Capital will acquire securities of O’zsanoatqurilishbank. The delegation of O’zsanoatqurilishbank visited the United Arab Emirates, where the parties signed the agreement on development of cooperation. The document provides for raising $50 million using investment and credit instruments. The agreement also provides for the sale of securities of the Uzbek bank to…

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Georgia: GDP by regions in 2017

The largest share of gross domestic product (GDP) of Georgia by region was held by the capital city of Tbilisi (50.1%), followed by the regions of Imereti (10%), Adjara (8.9%), Kvemo Kartli (8.2%) and Samegrelo-Zemo Svaneti (6.4%). Overall, the GDP of Georgia at current prices in 2017 amounted to 37.84 billion GEL, says the regional…

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