Issue #1261

Page 1

Issue no: 1261

• AUGUST 28 - SEPTEMBER 3, 2020 • PUBLISHED WEEKLY

In this week’s issue...

FOCUS

Corona Updates: Georgia Gets Ready to Re-Open Education & Cultural Life

ON KUTAISI INT'L UNIVERSITY

1000 students get ready to enter Georgia's top-standard int'l state university

PRICE: GEL 2.50

NEWS PAGE 2

Elections: Opposition Alleges Alliance of Patriots Will Be Funded by the Kremlin

PAGE 9

POLITICS PAGE 4

History of Georgian Entrepreneurship (late 19thearly 20th cc.) BUSINESS PAGE 7

Bolnisi Establishes New Platform for Efficient Business with Support of EU Initiative BUSINESS PAGE 8

Georgian Gov’t Encourages Foreigners to Move to Georgia & Work Remotely BY ANA DUMBADZE

A

s part of the strategy of the gradual opening up of the country, the Coordination Council of the Government in July took the decision to set up a special entry regime for foreign citizens wishing to come and work remotely from Georgia. The project is intended for foreigners who are freelancers who work remotely or can manage their businesses from any part of the world. "We invite citizens who are working remotely for global companies in 95 countries to come to Georgia, where they’ll have the chance to fulfill their job responsibilities remotely for at least 180 days," Prime Minister Giorgi Gakharia stated at Wednesday's session of the Interagency Coordination Council. "The National Tourism Administration has a very good initiative, entitled 'Work from Georgia.' In the context of the global pandemic, more and more transnational corporations and global companies are switching to remote work, meaning the geographical location of people does not matter in order for them to exercise their rights and responsibilities. Continued on page 2

New Seafood Restaurant ‘Calligraphy’ in Batumi to Surprise Guests with Special Dishes SOCIETY PAGE 10

Accepting Submissions: Iranian Film Festival Dedicated to Honor Healthcare Workers amidst COVID-19 Pandemic CULTURE PAGE 11 Prepared for Georgia Today Business by

Markets As of 24ͲAugͲ2020

w/w

m/m

Bank of Georgia (BGEO LN)

GBP 8.94 +12,5%

+9,8%

GEOROG 04/21

102.16 (YTM 3.44%)

+0,9%

+0,7%

Georgia Capital (CGEO LN)

STOCKS

GBP 3.71

Ͳ2,2%

Ͳ2,2%

GEORG 04/21

102.76 (YTM 2.41%)

+0,1%

+0,3%

GHG (GHG LN)

GBP 0.71

Ͳ

Ͳ5,2%

GRAIL 07/22

104.64 (YTM 5.12%)

Ͳ0,3%

+1,6%

TBC Bank Group (TBCG LN)

GBP 8.80

+0,5%

+13,0%

GEBGG 07/23

103.38 (YTM 4.74%)

+0,4%

+2,0%

Price

w/w

m/m

CURRENCIES

Price

w/w

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

BONDS

Price

w/w

m/m

m/m

45,13

Ͳ0,5%

+4,1%

GEL / USD

3,0785

+0,2%

+0,1%

1 928,88

Ͳ2,8%

+1,4%

GEL / EUR

3,6289

Ͳ0,4%

+1,3%

GEL / GBP

4,0193

Ͳ0,1%

+2,2%

INDICES

Price

w/w

m/m

GEL / CHF

3,3760

Ͳ0,1%

+1,1%

FTSE 100

6 104,73

Ͳ0,4%

Ͳ0,3%

GEL / RUB

0,0413

Ͳ1,0%

Ͳ3,7%

FTSE 250

17 685,07

Ͳ0,5%

+2,4%

GEL / TRY

0,4174

+0,3%

Ͳ7,1%

DAX

13 066,54

+1,1%

+1,8%

GEL / AZN

1,8109

+0,2%

+0,1%

DOW JONES

28 308,46

+1,7%

+6,9%

GEL / AMD

Ͳ

Ͳ1,6%

NASDAQ

11 379,72

+2,2%

+9,8%

GEL / UAH

0,1124

Ͳ0,7%

+1,7%

151,03

Ͳ2,7%

+1,5%

EUR / USD

0,8483

+0,7%

Ͳ1,1%

MSCI EM EE MSCI EM

Image Source: insider.com/Maya Karkalicheva/Getty Images

Price

+4,5%

GBP / USD

0,0063

Ͳ2,1%

1 108,23

+0,8%

SP 500

3 431,28

+1,5%

+6,7%

CHF / USD

0,9119

+0,6%

Ͳ0,9%

MSCI FM

2 206,36

Ͳ0,6%

+4,2%

RUB / USD

74,6519

+1,3%

+4,1%

GT Index (GEL)

1 582,68

Ͳ

Ͳ

TRY / USD

7,3764

Ͳ0,1%

+7,7%

GT Index (USD)

1 208,13

Ͳ

Ͳ

AZN / USD

1,6988

na

na

0,7655

+0,3%


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