Issue #870 Business

Page 1

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Issue no: 870/40

• AUGUST 16 - 18, 2016

• PUBLISHED TWICE WEEKLY

PRICE: GEL 2.50

In this week’s issue... Cartu Fund Gifts Georgia Architectural Miniatures Park

NEWS PAGE 3

FOCUS ON RESORT DEVELOPMENT Ahead of the elections, the PM is busy promising infrastructural development in both Adjara PAGE 5&6 and Bakuriani

Georgia’s TBC Bank Places Premium Shares on London Stock Exchange BY NICHOLAS WALLER

G

eorgia’s TBC Bank received a premium listing on the London Stock Exchange (LSE) last week after it placed 49,159,880 premium shares on the bourse following the completion of a tender offer on August 4, BNE Intellinews reported on August 12. With the listing, TBC, the country’s second-largest bank by assets, becomes the third Georgian company to secure a premium listing on the LSE, following in the footsteps of the country’s largest lender and TBC’s main rival, Bank of Georgia Holdings and its healthcare wing Georgia Healthcare Group in 2012 and 2015. Continued on page 2

PwC: Law on Innovations & its Effect on How We Do Business PAGE 4

New Manual for Melioration to Boost Agricultural Education & AgriBusiness PAGE 8

Dechert OnPoint: A Positive Step Forward for the Civil Procedural Code of Georgia PAGE 9

Dublin Library Docs Reveal Interest of Henry VIII, Elizabeth I in Georgian Battles SOCIETY PAGE 10 Prepared for Georgia Today Business by

Markets As of 12ͲAugͲ2016

STOCKS Bank of Georgia (BGEO LN) GHG (GHG LN) TBC Bank (TBCB LI)

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

INDICES

Price

w/w

m/m

GBP 28.99

Ͳ0,5%

+6,2%

GEOROG 04/21

104.75 (YTM 5.58%)

+0,5%

+0,6%

GBP 3.02

Price

+0,7%

w/w

Ͳ13,7%

m/m

GEORG 04/21

BONDS

111.81 (YTM 4.06%)

+0,5%

+0,8%

US$ 13.00

Ͳ

Ͳ3,0%

GRAIL 07/22

111.88 (YTM 5.37%)

+0,3%

+0,6%

BGEOLN 07/23

101.63 (YTM 5.71%)

+0,6%

na

Price

w/w

m/m

46,78

+5,7%

Ͳ3,5%

CURRENCIES

Price

w/w

1 338,72

+0,2%

+0,4%

GEL / USD

2,3410

Ͳ0,6%

Ͳ0,1%

GEL / EUR

2,6084

Ͳ0,1%

+0,5%

m/m

Price

w/w

m/m

GEL / GBP

3,0222

Ͳ1,8%

Ͳ2,6%

FTSE 100

6 916,02

+1,8%

+3,5%

GEL / CHF

2,4010

+0,2%

+1,2%

FTSE 250

17 921,38

+2,6%

+6,6%

GEL / RUB

0,0360

Ͳ0,6%

Ͳ1,9%

DAX

10 713,43

+3,3%

+7,5%

GEL / TRY

0,7905

+0,7%

Ͳ2,7%

DOW JONES

18 541,51

Ͳ0,0%

+1,1%

GEL / AZN

1,4260

Ͳ1,4%

Ͳ5,1%

5 216,93

Ͳ0,1%

+3,9%

GEL / AMD

0,0049

Ͳ

NASDAQ

Ͳ

MSCI EM EE

128,78

+2,1%

+2,5%

GEL / UAH

0,0935

Ͳ1,5%

Ͳ1,0%

MSCI EM

907,60

+2,5%

+6,3%

EUR / USD

0,8954

Ͳ0,7%

Ͳ1,0%

SP 500

2 182,31

Ͳ0,0%

+1,4%

GBP / USD

0,7744

+1,2%

MICEX

1 967,18

+1,2%

+1,5%

CHF / USD

0,9745

Ͳ0,6%

Ͳ1,5%

MSCI FM

2 596,98

+1,2%

+1,7%

RUB / USD

64,9460

Ͳ0,8%

+1,8%

GT Index (GEL)

864,70

+2,7%

Ͳ

TRY / USD

2,9616

Ͳ1,2%

+2,6%

GT Index (USD)

729,89

+3,0%

Ͳ0,0%

AZN / USD

1,6318

+0,1%

+2,8%

+2,6%


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