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Georgia Firms Must Tap Polish Bourse for Investors, Gilauri Says

Dec. 2 (Bloomberg) -- Georgian businesses must seek listings on the Warsaw Stock Exchange to draw additional “portfolio investments,” Prime Minister Nika Gilauri said.

“The Warsaw Stock Exchange is the place where several hundreds of millions can be made,” Gilauri said in an interview today. “I know several Georgian businesses are wishing to be there.”

Foreign investment in Georgian companies was $256 million in the third quarter and is expected to reach $1 billion for the year, he said.

Poland’s Deputy Treasury Minister Krzysztof Walenczak said in an interview in Tbilisi today that he was heading a small delegation to Georgia to promote the Warsaw Stock Exchange and attract Georgian businesses seeking funding and expansion opportunities.

To contact the reporter on this story: Helena Bedwell in Moscow at hbedwell@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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