Issue no: 1259
• AUGUST 14 - 20, 2020 • PUBLISHED WEEKLY
PRICE: GEL 2.50
In this week’s issue... EU Ambassador: Past Reflections on the Future NEWS PAGE 2
“I have a hard time taking much of what Sarkozy says seriously” – President Ilves on the 2008 War POLITICS PAGE 3
Activist Andrei Sannikov on the Belarusian Elections POLITICS PAGE 4
Tbilisi Hills Commercial Director on Bringing a New Lifestyle to Georgia
FOCUS
BUSINESS PAGE 6
Georgia’s External Trade January-June, 2020
ON BUILDING GEORGIA'S AGRICULTURE Entrepreneur Erhan Zorlu on developing the country's potential
BUSINESS PAGE 7
PAGE 8
COVID Concerns BY ANA DUMBADZE
Walking in Circles: Field Notes SOCIETY PAGE 10
12th Batumi-Tbilisi Int’l Fest 'Night Serenades’ to be Held in Virtual Format CULTURE PAGE 10
A
t Wednesday's meeting of the Interagency Coordination Council, Prime Minister of Georgia Giorgi Gakharia was asked if the government is considering postponing the date of school-reopening or the elections. He answered that the country is not faced with conditions so worrying that either event needs postponing. "As of today, there are no conditions for postponing studies or for children not to start the studying process in classrooms from September 15. The situation does not call for it today, just as there is no basis for changing the election date,” said the Prime Minister. Due to high epidemiological risk, Mestia, Ushguli, and the village of Lenjeri were put on lockdown on August 10, Svaneti being the epicenter of numerous new COVID cases in Georgia. Those leaving the area must now undertake a 14-day quarantine. 4,000 people were to be tested for COVID-19 in the Municipality of Mestia this week, according to Amiran Gamkrelidze, Director General of the National Center for Disease Control and Public Health (NCDC). Dependent on the test
Georgian Craft Association Holds Craft Tour in Kvemo Kartli CULTURE PAGE 11 Prepared for Georgia Today Business by
Markets As of 10ͲAugͲ2020
STOCKS
results, a short-term action plan will be established, determining how strict the restrictions will be for the population. Concerns were also raised about Kazbegi when 7 border guards at the Larsi checkpoint at the Russia-Georgia border tested positive for the coronavirus. "There is no risk,” the PM answered. “Today in Kazbegi, and at the Larsi checkpoint, the epidemiological situation is fully under control. Therefore, no one is going to impose any restric-
tions in Kazbegi.” As of Wednesday, 54,205 truck drivers of international shipments had been tested, of which 788 tested positive for the virus. All truck drivers are tested for the coronavirus at the border, and in case of a 'positive' answer, they are not allowed to enter the country. "We recognize that these are areas that we need to control with great care and caution," the PM emphasized.
Price
w/w
m/m
Price
w/w
m/m
Bank of Georgia (BGEO LN)
GBP 8.00
+3,5%
Ͳ23,4%
GEOROG 04/21
102.13 (YTM 3.65%)
+0,3%
+2,1%
Georgia Capital (CGEO LN)
GBP 3.71
+0,1%
Ͳ15,6%
GEORG 04/21
102.88 (YTM 2.48%)
+0,3%
+0,5%
GHG (GHG LN)
GBP 0.71
+4,7%
Ͳ27,0%
GRAIL 07/22
104.08 (YTM 5.47%)
+1,1%
+1,9%
TBC Bank Group (TBCG LN)
GBP 8.26
+4,4%
Ͳ6,8%
GEBGG 07/23
102.41 (YTM 5.11%)
+1,5%
+2,0%
Price
w/w
m/m
CURRENCIES
Price
w/w
44,99
+1,9%
+4,0%
GEL / USD
3,0803
+0,2%
+0,5%
2 027,34
+2,5%
+12,7%
GEL / EUR
3,6152
Ͳ0,1%
+4,4%
COMMODITIES Crude Oil, Brent (US$/bbl) Gold Spot (US$/OZ)
BONDS
m/m
GEL / GBP
4,0224
+0,1%
+4,0%
INDICES
Price
w/w
m/m
GEL / CHF
3,3575
+0,1%
+3,2%
FTSE 100
6 050,59
+0,3%
Ͳ0,7%
GEL / RUB
0,0419
Ͳ0,5%
Ͳ3,2%
FTSE 250
17 724,94
+3,3%
+3,2%
GEL / TRY
0,4198
Ͳ5,1%
Ͳ6,0%
DAX
12 687,53
+0,3%
+0,4%
GEL / AZN
1,8120
+0,2%
+0,5%
DOW JONES
27 791,44
+4,2%
+6,6%
GEL / AMD
0,0064
+1,6%
+1,6%
NASDAQ
10 968,36
+0,6%
+3,3%
GEL / UAH
0,1116
+1,0%
Ͳ1,7%
150,56
+1,7%
+1,9%
EUR / USD
0,8520
+0,2%
Ͳ3,7%
MSCI EM
1 086,45
+0,8%
+1,6%
GBP / USD
0,7650
+0,0%
Ͳ3,4%
SP 500
3 360,47
+2,0%
+5,5%
CHF / USD
0,9156
Ͳ0,2%
Ͳ2,7%
MSCI FM
2 168,89
+2,8%
+0,4%
RUB / USD
73,4523
+0,5%
+3,8%
GT Index (GEL)
1 582,68
Ͳ
Ͳ
TRY / USD
7,2835
+4,8%
+6,1%
GT Index (USD)
1 208,13
Ͳ
Ͳ
AZN / USD
1,7000
Ͳ
Ͳ
MSCI EM EE