Georgia's politicians sign a fragile truce

  • Opposition leader release, Parliament boycott ends, general election if ruling party wins under 43% in October local one

  • Tourism drives 9% of GDP so fewer protests are positive but truce is fragile with October the next potential flash point

  • Contradiction: US$500mn 5y Eurobond 4x oversubscribed this month whereas bellwether stock Bank of Georgia down c10% ytd
April 21st, 2021
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