Sandro Urushadze

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The Government Starts Building a Financial Pyramid

The government of Georgia has put forward an initiative for pension reform. Its high popularity rating gives it the possibility to take such an important decision for the country without providing any explanation to society or holding any public debate on the issue. It plans to establish a model under which mandatory individual contributions will form the pillar of the pension system. "The source of pensions to be issued to citizens will be accumulated through the pension contributions made by...

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