Issue #800 Business

Page 1

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Issue no: 800/5

• DECEMBER 8 - 10, 2015

• PUBLISHED TWICE WEEKLY

New Regulations to Promote Road Safety

PRICE: GEL 2.50

In this week’s issue... Georgian PM: Increasing Energy Dependence Endangers Security PAGE 2

If You Are So Smart, Why Aren’t You Rich? ISET PAGE 4

Christmas Tree Seeds Now Main Export Product from Georgia PAGE 6

To rreduce the number of accidents on Georgia’s roa roads, Deputy Interior Minister Shalva Khutsishvili has ann announced that amendments to current legislation will PAGE 2 com come into force on January 1st, 2016.

Plant the Future Finances 32 Beneficiaries BY ANA AKHALAIA

A

ccording to Agricultural Project Management Agency, 32 beneficiaries have received financing within the Plant the Future program with new orchards expected to be planted on 266.4 hectares of land in Shida Kartli. The planting area available to new orchards and the irrigation system throughout all Georgia today stands at 573 hectares and the amount of funding, more than 3 million GEL. Launched in late February, Plant the Future is initiated by Ministry of Agriculture of Georgia, which will spend 15 million GEL over the next two years. The main goal of the project, which is carried out by the Agricultural Projects Management Agency, is to decrease the volume of import and increase the usage of arable land,

Levan Dolidze, Manager of Plant the Future and one of the beneficiaries, Merab Beriashvili, in his orchard

enabling farmers and businessmen to create higher quality products. The farmers who decide to create perennial plant orchards and nursery gardens will receive both financial and technical support from the government. Two independent components, perennial gar-

dens and nursery gardens, will be co-financed. Potential beneficiaries may take advantage of both components of the programme according to the established rules and conditions. The amount of state co-financing within the program ‘Plant the Future’ is: if setting up a garden, 70% of the value of seedlings, 50% towards a drip irrigation system and 50 % for the nursery itself. The goals of the project are to create 30-40 high quality nursery gardens of modern standards, with an estimated future capacity of 2,400.000 – 3,000.000 various plant saplings per year; stimulate, with financial support, the creation of perennial gardens and the arrangement of perennial plant gardens and plantations; arrange new gardens and plantations of perennial plants on an area of 1000 – 1200 hectares; and to provide technical assistance to those who want to arrange gardens and nursery gardens.

Artificial Insemination Laboratory for Bees Opened in Tbilisi PAGE 9

See in the New Year at Georgia’s First Crowne Plaza in Borjomi PAGE 11 Prepared for Georgia Today Business by

Markets As of 04ͲDecͲ2015

Price

w/w

m/m

BONDS

Price

w/w

m/m

GBP 19.17

+3,6%

Ͳ3,2%

GEOROG 05/17

101.38 (YTM 5.86%)

+0,1%

+0,2%

GHG (GHG LN)

STOCKS

GBP 1.75

Ͳ1,4%

na

GEORG 04/21

106.61 (YTM 5.43%)

Ͳ0,3%

Ͳ0,8%

TBC Bank (TBCB LI)

US$ 9.95 +11,0%

+20,3%

GRAIL 07/22

104.69 (YTM 6.85%)

Ͳ0,2%

Ͳ0,9%

GEBGG 07/17

104.00 (YTM 5.07%)

+0,1%

+0,2%

Bank of Georgia (BGEO LN)

COMMODITIES Crude Oil, Brent (US$/bbl) Gold Spot (US$/OZ)

INDICES

w/w

m/m

43,00

Ͳ4,1%

Ͳ11,5%

1 086,44

Price

+2,7%

Ͳ1,9%

Price

w/w

w/w

m/m

GEL / USD

2,3800

Ͳ0,8%

Ͳ0,6%

GEL / EUR

CURRENCIES

2,5885

Price

+1,8%

Ͳ0,5%

m/m

GEL / GBP

3,6052

Ͳ0,1%

Ͳ2,2%

FTSE 100

6 238,29

Ͳ2,1%

Ͳ2,7%

GEL / CHF

2,3955

+2,9%

Ͳ0,7%

FTSE 250

17 366,94

+0,6%

+1,1%

GEL / RUB

0,0349

Ͳ3,3%

Ͳ6,7%

DAX

10 752,10

Ͳ4,8%

Ͳ0,9%

GEL / TRY

0,8239

+0,4%

Ͳ1,5%

DOW JONES

17 847,63

+0,3%

Ͳ0,1%

GEL / AZN

2,2744

Ͳ0,8%

Ͳ0,3%

5 142,27

+0,3%

Ͳ0,0%

GEL / AMD

0,0049

Ͳ2,0%

Ͳ2,0%

MSCI EM EE

115,86

Ͳ4,3%

Ͳ8,5%

GEL / UAH

0,1004

Ͳ1,7%

Ͳ3,3%

MSCI EM

812,27

Ͳ1,7%

Ͳ6,4%

EUR / USD

0,9190

Ͳ2,6%

Ͳ0,1%

SP 500

2 091,69

+0,1%

Ͳ0,5%

GBP / USD

Ͳ0,5%

+1,8%

MICEX

1 755,22

Ͳ2,3%

Ͳ0,5%

CHF / USD

0,9964

Ͳ3,3%

+0,3%

MSCI FM

2 363,24

Ͳ0,5%

Ͳ6,8%

RUB / USD

68,0410

+2,4%

+7,7%

GT Index (GEL)

885,86

Ͳ

+2,4%

TRY / USD

2,8929

Ͳ1,1%

+1,0%

GT Index (USD)

729,50

+0,3%

+2,5%

AZN / USD

1,0465

Ͳ

Ͳ0,5%

NASDAQ

0,6617

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