Capital market formation faces distinct problems: small volume of transactions and low liquidity; undeveloped informational, depositary and clearing networks; indirect governmental intervention through National Bank of Georgia (commercial bank securities control) and Ministry of Finance (control of non-bank financial institutions); high level of risk and the absence of business ethics. Besides the economy is characterized by instability not fully following autonomous of charge-market rules and despite recent expansion in trade volumes, the level of security emissions is still low. Due to these reasons capital market is still weak and does not satisfy needs of the economy.
Tags: | poetry | plants | investments |
August 3, 2011
Georgian Capital Market
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