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Issue no: 906/58
• DECEMBER 20 - 22, 2016
• PUBLISHED TWICE WEEKLY
PRICE: GEL 2.50
In this week’s issue... Martin Heidegger: Other Way - A New Book by Irakli Batiashvili NEWS PAGE 2
Georgia’s Co-Investment Fund Launches Mtkvari HPP Project
FOCUS ON REDUCING GOV'T INTERVENTION If the government wants to stabilize the Lari’s value, there is no alternative but to build trust in Georgia’s economy
ISET PAGE 4
Wine Tourism Association of Georgia to Host Christmas Market BY NINO GUGUNISHVILI
T
he “Bulbuli” Christmas Market, organized by the Wine Tourism Association, is to be held on December 24 at the Muse cultural center near Turtle Lake (Kus Tba) in Tbi-
lisi. Popular restaurants, winemakers, farmers, and artists will be participating at the event, which is promised to be filled with traditional Georgian, European and Asian cuisine degustations and local and European wine-tastings. An exhibition of handcrafts, a concert and lots of activities for children are also announced as a part of the upcoming Christmas Market next Saturday.
PAGE 5
Hilton Expands European Capital City Presence to Tbilisi PAGE 6
Sarajishvili Brandy Wins Three Medals at Degustation in USA PAGE 7
Dechert OnPoint: Why Brexit is Not Bad News for UK-Based Arbitration and Litigation PAGE 10
Annual Gazprom Meeting Ends without Agreement PAGE 12 Prepared for Georgia Today Business by
Markets As of 16ͲDecͲ2016
STOCKS Bank of Georgia (BGEO LN) GHG (GHG LN) TBC Bank Group (TBCG LN)
COMMODITIES Crude Oil, Brent (US$/bbl) Gold Spot (US$/OZ)
INDICES
Price
w/w
m/m
w/w
m/m
GBP 31.33
Ͳ7,3%
+11,9%
GEOROG 04/21
104.00 (YTM 5.70%)
Ͳ0,2%
+0,1%
GBP 3.73
Ͳ0,5%
+5,1%
GEORG 04/21
BONDS
109.10 (YTM 4.53%)
+0,2%
+0,6%
GBP 15.44
+2,9%
+18,1%
GRAIL 07/22
107.00 (YTM 6.24%)
+0,5%
Ͳ0,9%
BGEOLN 07/23
100.25 (YTM 5.95%)
+0,2%
Ͳ0,4%
Price
w/w
m/m
55,21
+1,6%
+18,4%
1 134,88
Ͳ2,2%
Ͳ7,4%
CURRENCIES
Price
Price
w/w
m/m
GEL / USD
2,7150
+4,6%
+9,4%
GEL / EUR
2,8234
+2,7%
+6,0%
Price
w/w
m/m
GEL / GBP
3,3772
+3,5%
FTSE 100
7 011,64
+0,8%
+3,9%
GEL / CHF
2,6355
+3,3%
+6,3%
FTSE 250
17 784,79
+0,3%
+1,8%
GEL / RUB
0,0439
+5,8%
+14,3%
DAX
11 404,01
+1,8%
+6,9%
GEL / TRY
0,7789
+4,4%
+4,1%
DOW JONES
19 843,41
+0,4%
+5,2%
GEL / AZN
1,5274
+5,9%
+7,2%
5 437,16
Ͳ0,1%
+2,7%
GEL / AMD
0,0056
+3,7%
MSCI EM EE
144,00
+2,0%
+12,7%
GEL / UAH
0,1029
+3,4%
+6,6%
MSCI EM
856,40
Ͳ2,4%
+1,1%
EUR / USD
0,9568
+1,0%
+2,3%
SP 500
2 258,07
Ͳ0,1%
+3,7%
GBP / USD
0,8008
+0,7%
Ͳ0,4%
MICEX
2 231,41
+1,0%
+10,0%
CHF / USD
1,0261
+0,9%
+2,4%
MSCI FM
2 386,92
Ͳ1,1%
Ͳ0,3%
RUB / USD
62,0650
Ͳ0,6%
GT Index (GEL)
1 176,94 +29,5%
+29,5%
TRY / USD
3,5053
+0,8%
+5,5%
GT Index (USD)
871,04 +24,9%
+21,0%
AZN / USD
1,7853
+0,9%
+2,2%
NASDAQ
+9,4%
+7,7%
Ͳ4,1%