BAKU, Azerbaijan, Nov. 30
By Maryana Akhmedova – Trend:
Georgian stock market has a great demand for additional investment capital, especially in the national currency, Giorgi Paresishvili, General Director of the Georgian Stock Exchange, said, Trend reports via Georgian media.
According to the General Director, many Georgian private companies are waiting for resources in Georgian lari to be more available and it has to be not only bank loans.
Companies should be free to issue bonds, then issue shares and all this will be sold in national currency, Paresishvili said.
According to Paresishvili, this largely depends on the investment policy implemented by the Pension Fund of Georgia.
At this stage, the problem is mainly that the investment policy is strictly limited by law and regulations, he added.
The pension agency is working with the Georgian Government and the National Bank to ease these restrictions and give more flexibility to invest its funds in both bonds and stocks issued by Georgian private companies, General Director said.
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