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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
PAGE 3
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%