Issue #826 Business

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Issue no: 826/18

• MARCH 15 - 17, 2016

• PUBLISHED TWICE WEEKLY

FOCUS ON THE NEW

Tech Park hosts first Youth Innovation Summit to encourage young inventors

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PRICE: GEL 2.50

In this week’s issue... Lessons from the Economic Crisis and Formation of New Development Models PAGE 2

A Portrait of a Tushetian Farmer as an Entrepreneur ISET PAGE 4 David Khosroshvili, founder of WiFisher.com and co-founder of Eventer.ge, spoke at the Summit on the many challenges facing those launching a start-up

Sustainable Urban Transportation in Tbilisi and Lessons from Seoul BY CHARLES JOHNSON

T

bilisi traffic has become a point of consternation for the city’s residents, especially as population and income grows, adding to the number of cars on the road. Recently, the South Korean embassy has been taking proactive steps to offer support and expertise. On Friday, the South Korean embassy organized a seminar between leadership of the Tbilisi Transport Company (TTC) and the Korean Transportation Institute (KOTI). According to Kim In Hwan, Charge D’Affairs of the South Korean Embassy, his government is ready and willing to assist and finance traffic reforms and infrastructure in Tbilisi. Continued on page 5

Azerbaijan – In Need of a New Growth Model GALT & TAGGART PAGE 6

Anaklia Port Competitor? APM Terminals to Build Port in Poti, Georgia PAGE 7

Trade in Strategic Goods: Global security, National Interests and Economic Development Prospects PAGE 11 Prepared for Georgia Today Business by

Markets As of 11ͲMarͲ2016

Price

w/w

m/m

Price

w/w

m/m

GBP 19.60

+1,0%

+24,2%

GEOROG 05/17

100.50 (YTM 6.41%)

+0,4%

+1,5%

GHG (GHG LN)

STOCKS

GBP 1.62

+0,5%

Ͳ4,0%

GEORG 04/21

106.36 (YTM 5.42%)

+0,4%

+1,8%

TBC Bank (TBCB LI)

US$ 9.90

+4,2%

+5,3%

GRAIL 07/22

104.94 (YTM 6.77%)

+0,5%

+2,7%

GEBGG 07/17

103.44 (YTM 4.98%)

+0,1%

+0,3%

Price

w/w

m/m

40,39

+4,3%

+34,4%

1 249,45

Ͳ0,8%

+0,2%

Bank of Georgia (BGEO LN)

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

INDICES

BONDS

Price

w/w

m/m

GEL / USD

2,4030

Ͳ2,5%

Ͳ2,9%

GEL / EUR

CURRENCIES

2,6805

Ͳ1,2%

Ͳ4,2%

Price

w/w

m/m

GEL / GBP

3,4703

Ͳ1,2%

FTSE 100

6 139,79

Ͳ1,0%

+10,9%

GEL / CHF

2,4563

Ͳ1,3%

Ͳ3,6%

FTSE 250

16 595,25

Ͳ2,0%

+9,3%

GEL / RUB

0,0343

Ͳ

+9,9%

9 831,13

+0,1%

+12,3%

GEL / TRY

0,8376

Ͳ1,3%

Ͳ0,7%

17 213,31

+1,2%

+9,9%

GEL / AZN

1,4442

Ͳ4,8%

Ͳ8,3%

4 748,47

+0,7%

+11,3%

GEL / AMD

0,0049

Ͳ2,0%

DAX DOW JONES NASDAQ

Ͳ3,1%

Ͳ2,0%

MSCI EM EE

120,29

+3,1%

+20,0%

GEL / UAH

0,0942

+0,3%

Ͳ0,9%

MSCI EM

800,91

+1,3%

+12,3%

EUR / USD

0,8970

Ͳ1,3%

+1,6%

SP 500

2 022,19

+1,1%

+10,6%

GBP / USD

0,6954

Ͳ1,1%

+0,7%

MICEX

1 876,54

MSCI FM

Ͳ0,1%

+9,6%

CHF / USD

0,9824

Ͳ1,0%

+1,0%

2 419,42

+1,6%

+7,9%

RUB / USD

69,7079

Ͳ3,0%

Ͳ12,9%

GT Index (GEL)

886,18

Ͳ

Ͳ0,0%

TRY / USD

2,8684

Ͳ1,2%

Ͳ2,1%

GT Index (USD)

721,50

+1,9%

+2,0%

AZN / USD

1,6655

+2,5%

+7,4%


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