Issue #1210 Business

Page 1

Issue no: 1210/210

• DECEMBER 10 - 12, 2019

• PUBLISHED TWICE WEEKLY

PRICE: GEL 2.50

In this week’s issue... Weekly Entrepreneurial News @entrepreneur.ge NEWS PAGE 2

Georgia Attracts $417.3 mln in FDIs in Q3 of 2019 BUSINESS PAGE 3

FOCUS

ON INNOVATION IN FERTILITY TREATMENT

We speak to the head of Inova Invitro to find out how the clinic is fighting the global issue of infertility

Georgia Expects a 55,000-ton Tangerine Harvest BUSINESS PAGE 4

The Embassy of the UAE in Tbilisi Celebrates 48th National Day BUSINESS PAGE 7

PAGE 6

CoE Again Calls on Russia to Pay €10 m Compensation to Georgia BY TEA MARIAMIDZE

USAID’s Civil Society Partners are Building Brighter Futures for Children BUSINESS PAGE 8

Tbilisi Int'l Film Festival Announces best Georgian Films CULTURE PAGE 10

What Will Bring Generational Change to Georgia?

T

he Council of Europe (CoE) Committee of Ministers has for the second time urged Russia to pay €10 million compensation to Georgia for the illegal deportation of Georgians from Russia in 2006. The CoE request came after the Georgian side asked the CoE on December 3-5, 2019 to again assess the execution of the case of the deported Georgians.

POLITICS PAGE 11 Prepared for Georgia Today Business by

Markets As of 06ͲDecͲ2019

Price

w/w

m/m

Bank of Georgia (BGEO LN)

GBP 15.25

+3,0%

+12,8%

Georgia Capital (CGEO LN)

STOCKS

GBP 9.06

Ͳ4,0%

Ͳ7,9%

GBP 1.62

Ͳ1,7%

Ͳ10,0%

GRAIL 07/22

109.73 (YTM 3.77%)

Ͳ0,2%

+0,0%

GBP 12.60

+1,6%

Ͳ4,4%

GEBGG 07/23

105.51 (YTM 4.34%)

Ͳ0,0%

+1,4%

CURRENCIES

GHG (GHG LN) TBC Bank Group (TBCG LN)

Image source: reginfo.ge

COMMODITIES

Georgia’s Ministry of Justice reports that, like at the September 2019 meeting, the Committee endorsed the arguments put forward by the Georgian government and called on Russia to compensate Georgia € 10 million. As Russia had the obligation to pay the compensation before the end of April 2019, but refused to do so, the Committee highlighted that paying the fine is an unconditional obligation and despite the resistance of Russia, it must pay the compensation to the Georgian citizens. Continued on page 3

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

BONDS

Price

w/w

m/m

GEOROG 04/21

104.25 (YTM 3.56%)

Ͳ0,1%

Ͳ0,0%

GEORG 04/21

105.46 (YTM 2.69%)

Ͳ0,2%

Ͳ0,5%

Price

w/w

m/m

64,39

+3,1%

+4,3%

GEL / USD

2,9492

Ͳ0,6%

Ͳ0,5%

1 460,17

Ͳ0,3%

Ͳ2,0%

GEL / EUR

3,2611

Price

Ͳ0,3%

w/w

Ͳ0,4%

m/m

+1,1%

+1,8%

GEL / GBP

3,8754

INDICES

Price

w/w

m/m

GEL / CHF

2,9742

+0,2%

Ͳ0,3%

FTSE 100

7 239,66

Ͳ1,5%

Ͳ2,1%

GEL / RUB

0,0463

+0,4%

Ͳ0,2%

FTSE 250

20 933,03

+0,6%

+3,5%

GEL / TRY

0,5103

Ͳ1,2%

Ͳ0,9%

DAX

13 166,58

Ͳ0,5%

Ͳ0,1%

GEL / AZN

1,7329

Ͳ0,7%

Ͳ0,0%

DOW JONES

28 015,06

Ͳ0,1%

+1,9%

GEL / AMD

0,0062

Ͳ

8 656,53

Ͳ0,1%

+2,9%

GEL / UAH

0,1243

+0,3%

+3,5%

181,92

+0,5%

Ͳ3,6%

EUR / USD

0,9039

Ͳ0,4%

+0,0%

NASDAQ MSCI EM EE

+0,9%

Ͳ1,9%

SP 500

3 145,91

+0,2%

+2,2%

CHF / USD

0,9909

Ͳ0,9%

Ͳ0,2%

MSCI FM

2 659,03

+0,9%

Ͳ0,8%

RUB / USD

63,6686

Ͳ1,0%

Ͳ0,3%

GT Index (GEL)

1 582,68

Ͳ

Ͳ

TRY / USD

5,7758

+0,4%

+0,5%

GT Index (USD)

1 208,13

Ͳ

Ͳ

AZN / USD

1,6957

Ͳ0,2%

Ͳ0,3%

MSCI EM

1 048,96

GBP / USD

0,7610

Ͳ1,6%

Ͳ

Ͳ2,2%


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