Georgian Tourism Administration Head Sums up 2019
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Issue no: 1218/214 • JANUARY 14 - 16, 2020 • PUBLISHED TWICE WEEKLY PRICE: GEL 2.50 In this week’s issue... Weekly Entrepreneurial News @entrepreneur.ge NEWS PAGE 2 World Economic Outlook in Emerging Markets & Developing Economies Q4 2019 BUSINESS PAGE 4 The Fate of Anaklia after Anaklia Development Consortium BUSINESS PAGE 5 ON EUROPEAN Georgian Library Opens in Qatar University FOCUS SUPPORT 2020 BUSINESS PAGE 6 We take a look at the ways the EU is supporting Georgia's development PAGE 7,8 Messe Frankfurt Presents Ambiente 2020: The Trade Fair Where the Future Georgian Tourism Administration Becomes the Present BUSINESS PAGE 9 Head Sums up 2019 Chinese New Year & Spring BY TEA MARIAMIDZE Festival Celebrated in Berlin CULTURE PAGE 10 eorgian National Tourism Administration (GNTA) Head, Mariam Kvrivishvili, says that 2019 was full of diffi culties The Year of the Rat: War, for Georgia in terms of tourism and yet it hosted a record- number of visitors. Elections, Merabishvili & “9,357,964 international travelers visited Georgia in 2019, Gan increase of 7.8% compared to 2018. The number of international visi- the EU Summit tors amounted to 7,725,774, which is 7.3% more compared to 2018. The POLITICS PAGE 11 Prepared for Georgia Today Business by Markets Asof10ͲJanͲ2020 STOCKS Price w/w m/m BONDS Price w/w m/m BankofGeorgia(BGEOLN) GBP15.70 Ͳ3,2% +0,6% GEOROG04/21 104.52(YTM3.12%) Ͳ0,1% +0,3% GeorgiaCapital(CGEOLN) GBP8.88 Ͳ0,2% Ͳ4,5% GEORG04/21 105.45(YTM2.40%) Ͳ0,1% Ͳ0,1% GHG(GHGLN) GBP1.18 Ͳ4,1% Ͳ26,7% GRAIL07/22 109.95(YTM3.54%) +0,0% +0,2% TBCBankGroup(TBCGLN) GBP12.38 Ͳ4,5% Ͳ5,4% GEBGG07/23 106.00(YTM4.16%) +0,4% +0,6% COMMODITIES Price w/w m/m CURRENCIES Price w/w m/m CrudeOil,Brent(US$/bbl) 64,98 Ͳ5,3% +1,0% GEL/USD 2,8835 +0,9% Ͳ0,2% GoldSpot(US$/OZ) 1562,34 +0,7% +6,7% GEL/EUR 3,2130 +0,6% +0,2% GEL/GBP 3,7669 +0,7% Ͳ0,9% Image source: avianews.ge INDICES Price w/w m/m GEL/CHF 2,9722 +0,9% +1,2% FTSE100 7587,85 Ͳ0,5% +5,2% GEL/RUB 0,0473 +2,6% +4,0% number of tourist visits was 5,080,478, which is 323,658 more than in 2018, FTSE250 21566,67 Ͳ1,9% +3,8% GEL/TRY 0,4908 +2,5% Ͳ1,4% DAX 13483,31 +2,0% +3,2% GEL/AZN 1,6970 +0,9% Ͳ0,3% an increase of 6.8%,” Kvrivishvili said. DOWJONES 28823,77 +0,7% +3,4% GEL/AMD 0,0060 ͲͲ NASDAQ 9178,86 +1,8% +6,5% GEL/UAH 0,1207 Ͳ0,1% Ͳ1,1% She noted that most of the international visitors came from Azerbaijan MSCIEMEE 199,07 +1,8% +9,4% EUR/USD 0,8993 +0,4% Ͳ0,2% (+7.2%), Russia (+4.8%), Armenia (+7.6%) and Turkey (+5.3%) and the MSCIEM 1133,63 +0,9% +8,0% GBP/USD 0,7655 +0,2% +0,7% SP500 3265,35 +0,9% +4,2% CHF/USD 0,9726 Ͳ0,0% Ͳ1,2% positive trend was maintained by the EU countries. MSCIFM 2748,14 Ͳ0,3% +3,6% RUB/USD 61,0610 Ͳ1,7% Ͳ3,9% GTIndex(GEL) 1582,68 ͲͲTRY/USD 5,8808 Ͳ1,5% +1,3% Continued on page 6 GTIndex(USD) 1208,13 ͲͲAZN/USD 1,6981 Ͳ0,5% Ͳ0,1% GEORGIA TODAY 2 NEWS JANUARY 14 - 16, 2020 Tensions Growing in Sokhumi as De-facto President of @entrepreneur.ge Gamarjoba! I’m the Editor-in-Chief of the Georgian edition of Entrepreneur magazine and I’m here to share the top weekly Entrepreneurial news with you: Abkhazia Resigns Founded by Mariam Markarovi, Georgian brand Pavone produces exclusive handmade glass jewelry and interior accessories. It is known for its colorful selection of intricately made and unique technology glassware. Mariam plans to open a Pavone studio-salon which will host masterclasses. On the market for over a year, Wely is a high-technology innovative company that creates systems to support business operations. The team’s mission is to enhance business building and homes with modern digital capabilities via smart equipment, sensors, etc. Wely can access the operating system from anywhere in the world, check the current status, optimize costs and more. Co-founder Aleksandre Kviciani says that the company aims big: their plans present at the meeting. On Friday, the de facto parliament voted include joining foreign markets. BY BEKA ALEXISHVILI Apparently, a top Kremlin courier in favor of Khajimba's resignation. Vladislav Surkov also landed in Sokhumi “I want to announce that I will be leav- Profy is a digital platform uniting everyday life services in one space and on Sunday. Surkov is an advisor to Pres- ing my granted position to maintain facilitating the connection between esieged de-facto president ident Vladimir Putin and a key strategic stability in the ‘country’,” Khajimba said. craftspeople and customers. The of breakaway Abkhazia Raul counselor in shaping the Kremlin’s pol- The pseudo-vice-president of occupied website/application enables users to Khajimba had to fi le his res- itics toward its Abkhazia, South Ossetia Abkhazia, Aslan Barcic, also commented choose a service and browse a list of all ignation amidst increasing and pro-Russian regimes in Eastern on the near revolt state of the region, the craftspeople in that direction, their protests of opposition on Ukraine. saying that “Khajimba resigned to pre- ratings, reviews, and prices. Profy saves BSunday evening. Surkov met with Bzhania, while vent bloodshed and to sustain stability.” people energy and time, all while Immediately before the resignation, a Khajimba surprisingly refused to meet Repeated presidential elections in receiving a high-quality service. Creator group of about a hundred opposition him, Ekho Kavkaza reports. Russian-occupied Abkhazia will be held Irakli Zantaraia says that he aims to supporters came to his state villa near "We categorically demand Khajimba’s on March 22, leader of the Abkhaz oppo- change the specifi cs of the industry, make it easier, more reachable and Sokhumi to stage a rally demanding him resignation," Aslan Bzhania said after sition, Aslan Bjania, announced Monday. comfortable for every party. to step down. the meeting. On January 10, the court in occupied A few hours beforehand, Khajimba met The same demand was aired on Satur- Abkhazia declared the results of the Follow the Entrepreneur Georgia Instagram page to get the latest updates from with Aslan Bzhania, the leader of the day evening by key fi gure behind the second round of the presidential elec- Georgian Entrepreneurs. For doing business with Georgian Entrepreneurs, write us on opposition, and other politicians. Rus- storming of “presidential” offi ce, Akhra tion and the decision of the court of the [email protected] sian herald Rashid Nurgaliev was also Avidzba. fi rst instance illegal. GCAA Calls on Georgian Airlines Not to Use Iranian & Iraqi Airspace on airlines registered in Georgia to avoid lines crash. BY ANA DUMBADZE fl ying into Iranian and Iraqi airspace,” The Ukrainian International airliner the agency's statement reads. bound for the Ukrainian capital, Kyiv, Based on information released by the crashed minutes after takeoff from the he Georgian Civil Aviation European Union Aviation Safety Agency, Imam Khomeini International Airport in Agency has called on Geor- Iranian and Iraqi airspace has been Tehran on January 8 amid escalating ten- gian airlines to refrain from evaluated as "high-risk" by the Integrated sions between the United States and Iran. using Iranian and Iraqi air- EU Aviation Security Risk Assessment The plane was carrying mostlyIranians space. Group, which recommends that fl ights and Iranian Canadians. T“Based on recommendations issued by over Iranian and Iraqi airspace should On the evening of January 10, Iran’s the Integrated EU Aviation Security Risk be avoided as a precautionary measure. military announced that they had acci- Assessment Group, due to Iranian and The Georgian Civil Aviation Agency dentally shot down the Ukrainian pas- Iraqi air space safety risks and the likely also expressed its sincere condolences senger jet, blaming human error because causes of the Ukrainian aircraft disaster, to the families of those who lost their the plane took ‘an unexpected turn’ the Georgian Civil Aviation Agency calls lives in the Ukraine International Air- toward a military base. Iran Admits to Downing Ukrainian Flight took ‘an unexpected turn’ toward a mil- fi rst, with even the Ukrainian side ruling BY GT TEAM itary base. out an attack. “Armed Forces’ internal investigation By Friday, January 10, American and has concluded that, regrettably, missiles allied intelligence assessments had con- ran has reversed its statement that fi red due to human error caused the hor- cluded that Iranian missiles brought ‘a mechanical failure’ was to blame rifi c crash of the Ukrainian plane and down the plane by accident. American for a Ukraine International Air- death of 176 innocent people. Investiga- media were quick to publicize the fact, lines Boeing 737 crashing shortly tions continue to identify and prosecute as the world waited for Iranian offi cials after taking-off early morning on for this great tragedy and unforgivable to take responsibility. IJanuary 8. mistake,” tweeted Hassan Rouhani, the Soon after the Iranian announcement, The Ukrainian International airliner President of the Iranian Republic. Georgian Prime Minister Giorgi Gakha- bound for the Ukrainian capital, Kyiv, “The Islamic Republic of Iran deeply ria spoke to President of Ukraine Volo- crashed minutes after takeoff from the regrets this disastrous mistake. My dymyr Zelensky over the phone.