Issue no: 1258
• AUGUST 7 - 13, 2020 • PUBLISHED WEEKLY
PRICE: GEL 2.50
In this week’s issue... Condoleezza Rice: Georgia Should Build its Own Democracy NEWS PAGE 2
The Balance of Strength in the Black Sea Region & Georgia’s Current Challenges. Part II POLITICS PAGE 4
FOCUS ON POWER STRUGGLES
Twelve years since the 2008 war
PAGE 4
Austria & Georgia – a Promising Partnership on the European Market OP-ED BY AUSTRIAN AMBASSADOR TO GEORGIA, ARAD BENKÖ
A
ustrian-Georgian relations go way back to the times when Austria was still a monarchy. In the late 19th century Georgia was a transit country for oil from the Caspian Sea towards the Black Sea and about 200 Austro-Hungarian citizens settled in Tbilisi and Batumi. One of the settlers that had nothing to do with oil was a writer and peace activist, Bertha von Suttner. She stayed for nine years in Georgia and her experiences during the Ottoman-Russian war led her to become a pacifist. She won the Noble Peace Price in 1905! During the Soviet Union era our bilateral relations were mostly of a cultural nature and reflected that both countries are small in size but big in the world of culture and art. In 2016 we opened the Embassy for various reasons. On the one hand we had witnessed a strong increase of bilateral activities from development aid, cultural and scientific corporation, coordination in police matters as well as in the business sector. Continued on page 8
Impact of COVID-19 on Remittance Inflows in Georgia BUSINESS PAGE 6
Sustainability & Corporate Citizenship as a Priority BUSINESS PAGE 7
USAID/Georgia Economic Growth Office on the USAID YES Program SOCIETY PAGE 9
Israeli Embassy Donates to Peace Cathedral SOCIETY PAGE 10
British Council Announces Winners of the ‘Creative Spark’ Big Idea Challenge 2020 in Georgia SOCIETY PAGE 11 Prepared for Georgia Today Business by
Markets As of 03ͲAugͲ2020
w/w
m/m
Price
w/w
m/m
Bank of Georgia (BGEO LN)
GBP 7.73
Ͳ3,4%
Ͳ29,3%
GEOROG 04/21
101.83 (YTM 4.14%)
+0,5%
+1,3%
Georgia Capital (CGEO LN)
STOCKS
GBP 3.71
+0,1%
Ͳ22,8%
GEORG 04/21
102.57 (YTM 3.06%)
+0,1%
+0,3%
GHG (GHG LN)
GBP 0.68
Ͳ2,0%
Ͳ29,6%
GRAIL 07/22
102.94 (YTM 6.11%)
Ͳ0,2%
+0,9%
TBC Bank Group (TBCG LN)
GBP 7.91
+5,5%
Ͳ12,3%
GEBGG 07/23
100.88 (YTM 5.67%)
Ͳ0,3%
+1,3%
Price
w/w
m/m
CURRENCIES
Price
w/w
m/m
44,15
+1,7%
+3,2%
GEL / USD
3,0754
Ͳ0,3%
+0,9%
1 976,98
+1,8%
+11,3%
GEL / EUR
3,6173
Ͳ0,2%
+5,5%
COMMODITIES Crude Oil, Brent (US$/bbl) Gold Spot (US$/OZ)
Price
BONDS
GEL / GBP
4,0169
+1,1%
+5,6%
INDICES
Price
w/w
m/m
GEL / CHF
3,3528
+0,0%
+4,0%
FTSE 100
6 032,85
Ͳ1,2%
Ͳ2,0%
GEL / RUB
0,0421
Ͳ2,3%
FTSE 250
17 158,12
+0,0%
Ͳ0,8%
GEL / TRY
0,4422
Ͳ1,6%
Ͳ0,5%
DAX
12 646,98
Ͳ1,5%
+0,9%
GEL / AZN
1,8090
Ͳ0,3%
+0,9%
DOW JONES
26 664,40
+0,3%
+3,2%
GEL / AMD
0,0063
Ͳ1,6%
Ͳ
NASDAQ
10 902,80
+3,5%
+6,8%
GEL / UAH
0,1105
Ͳ1,0%
Ͳ1,5%
148,08
Ͳ1,6%
+0,9%
EUR / USD
0,8502
Ͳ0,1%
Ͳ4,4%
MSCI EM EE MSCI EM
GBP / USD
0,7648
Ͳ1,5%
Ͳ1,4%
Ͳ4,5%
1 077,87
+0,4%
+4,3%
SP 500
3 294,61
+1,7%
+5,3%
CHF / USD
0,9178
Ͳ0,2%
Ͳ3,0%
MSCI FM
2 108,99
Ͳ0,5%
Ͳ2,6%
RUB / USD
73,1223
+2,1%
+2,4%
GT Index (GEL)
1 582,68
Ͳ
Ͳ
TRY / USD
6,9512
+1,2%
+1,3%
GT Index (USD)
1 208,13
Ͳ
Ͳ
AZN / USD
1,7000
Ͳ
Ͳ