Georgia Capital Share Price (CGEO)

Thanks doze, I certainly agree that the Georgian economy has benefitted from the financial and intellectual capital exported from Russia since the Ukraine war.

My point was that the new foreign financial disclosure requirements don't apply to all foreigners i.e the average Russian emigre, but only to News organisations and NGO's i.e. charity, cultural organisations. This mirrors the law recentky passed in Russia, and before that in Hungary, by Orban's populist government. There the Universities and charities funded by Hungarian emigre George Soros, were attacked as being subversive to the state, and unpatriotic.

Brigra; my point on the BGEO board was that Russians dissenting from Putin will have moved their capital out of Kremlin control and this new law puts them on the radar for Siberian accommodation - potentially! if they have to have their holding declared. Also it may expose Russians who have escaped conscription who moved to Georgia. It is therefore a case of trying to improve the war effort by a pro/appeasing Russian government and stem the adverse flow from there which actually also pleases Georgians who do not like all the Russians in their midst. I have contended BGEO has benefitted from the trend.

Brigra

Your right the Georgian PM is talking like a conspiracy theorist.

Nuts

The problem I believe we have is, are the dream party pivoting towards Russia. Clearly there are some Georgian MPs who are Russophiliats but I wonder if the government isn't merely trying to keep on side with the Russians ie please don't invade us again. Problem is would russia actually care if they introduced it or not. Is it instead actually the government wanting information not easily available. Also what is the downside?

Everyone knows that Georgia Capital and Bank of Georgia are owned by UK shareholders.

P.s. if you look at the intraday prices BGEO, and CGEO were recovering until 11am, when the Georgian PM tweeted saying he had complained to US state Dept about the US govt fomenting revolution attempts (allegedly financed by foreign NGO's hence the new law) in Georgia in 2020 and 2023.. It's proper Alice in Wonderland stuff..

https://twitter.com/PM_Kobakhidze/status/1786308052515168630