Issue no: 1309
• AUGUST 13 - 19, 2021 • PUBLISHED WEEKLY
PRICE: GEL 2.50
In this week’s issue... Georgia Ends Tokyo Olympics with 8 Medals and 33rd Place NEWS PAGE 2
The Economic Roots of Georgia’s “Defection” to the West POLITICS PAGE 4
Service for Citizenship: A Foreign Legion for Georgia POLITICS PAGE 6
FOCUS
ON COVID-19
The cases shot up this week, and NDI reveals that over 50% of Georgians don't even know how to register for vaccination
PAGE 3
Image source: Getty Images
13 Years since August War: Russia Says It's ‘Ready to Restore Relations with Georgia’ BY ANA DUMBADZE
T
his year marks the 13th anniversary of the August 2008 war. Thirteen years ago, the Russian Federation invaded the country and occupied two Georgian regions, Abkhazia and Tskhinvali, so-called South Ossetia. Since that time, thousands of residents have been displaced, persecuted, and impoverished. Many have lost their lives. The war lasted for five days (7–12 August). Today, 20% of Georgian territory remains occupied. 228 civilians, 170 military officers and 14 police officers lost their lives in the war, while 1747 people were wounded. Almost 150,000 people were forced to leave their homes, 30,000 of whom remain as IDPs (internally displaced persons). Five soldiers also went missing. Russia recognized the independence of Abkhazia (Georgia’s breakaway region) and “South Ossetia” on 26 August 2008. Continued on page 7
Some Karabakh-Related Aspects of Georgia’s Regional Positioning. Part 2 POLITICS PAGE 7
New Business Union ‘Business Chamber of Asian & Gulf Countries’ to Support Economic Growth BUSINESS PAGE 8
Hilton Batumi Certified a Great Place to Work® BUSINESS PAGE 8
Avlabari: from the Outskirts to the Center SOCIETY PAGE 9
Helena Bedwell on Making Georgian Cuisine Glutenand Lactose-Free SOCIETY PAGE 10 CULTURE PAGE 11 Prepared for Georgia Today Business by
Markets As of 09ͲAugͲ2021
Price
w/w
Price
w/w
m/m
GRAIL 07/28
101.53 (YTM 3.74%)
+0,1%
+0,1%
Bank of Georgia (BGEO LN)
GBP 15.72
+5,2%
+8,3%
GEBGG 07/23
BONDS
106.74 (YTM 2.45%)
Ͳ0,0%
+0,0%
m/m
Georgia Capital (CGEO LN)
STOCKS
GBP 6.22
Ͳ0,6%
Ͳ8,5%
GEOCAP 03/24
102.43 (YTM 5.11%)
+0,1%
+0,5%
TBC Bank Group (TBCG LN)
GBP 12.90
+5,9%
+13,6%
SILNET 04/24
109.70 (YTM 6.91%)
Ͳ0,2%
Ͳ0,4%
TBC 06/24
108.16 (YTM 2.76%)
Ͳ0,4%
+0,2%
GGU 07/25
106.85 (YTM 5.79%)
Ͳ
+0,1%
Price
w/w
GEL / USD
3,1025
+0,0%
Ͳ1,0%
GEL / EUR
CURRENCIES
3,6410
Ͳ1,1%
Ͳ2,1%
m/m
COMMODITIES
Price
w/w
m/m
GEL / GBP
4,2961
Ͳ0,2%
Ͳ1,3%
Crude Oil, Brent (US$/bbl)
69,04
Ͳ5,3%
Ͳ8,6%
GEL / CHF
3,3712
Ͳ1,6%
Ͳ1,7%
1 729,94
Ͳ4,6%
Ͳ4,3%
GEL / RUB
0,0422
Ͳ0,7%
+0,5%
GEL / TRY
0,3583
Ͳ3,5%
Ͳ0,9%
INDICES
Price
w/w
m/m
GEL / AZN
1,8239
Ͳ0,0%
FTSE 100
7 132,30
+0,7%
+0,1%
GEL / AMD
0,0063
Ͳ
Ͳ
FTSE 250
23 453,44
+1,1%
+2,4%
GEL / UAH
0,1161
+0,6%
+1,0%
DAX
15 745,41
+1,1%
+0,4%
EUR / USD
0,8521
+1,2%
+1,2%
DOW JONES
35 101,85
+0,8%
+0,7%
GBP / USD
0,7222
+0,3%
+0,4%
NASDAQ
14 860,18
+1,2%
+1,1%
CHF / USD
0,9201
+1,6%
+0,6%
188,14
+0,2%
+0,5%
RUB / USD
73,6857
+0,9%
MSCI EM
1 294,20
+0,1%
Ͳ1,8%
TRY / USD
8,6603
+3,7%
Ͳ0,0%
SP 500
4 432,35
+1,0%
+1,4%
AZN / USD
1,7004
+0,0%
+0,1%
MSCI FM
2 533,50
+1,2%
Ͳ0,1%
AMD / USD
491,8100
+0,5%
Ͳ0,8%
Gold Spot (US$/OZ)
MSCI EM EE
Ͳ1,1%
Ͳ0,9%