The National Bank of Georgia has revoked the license of subsidiary of the International Bank of Azerbaijan (IBA), the National Bank said in a statement July 25.
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The gross external debt of Georgia increased by $437.4 million during the second quarter of 2015, amounting to $14.1 billion as of June 30, 2015, according to the National Bank of Georgia.
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The National Bank of Georgia has reduced its forecast for economic growth in 2013 to four percent.
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The National Bank of Georgia lowers the country's economic growth forecast.
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