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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%