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For the Love of Whisky the FINANCIAL with the Production Peak Re- Its Production Accounted for Corded in 2012

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For the Love of Whisky the FINANCIAL with the Production Peak Re- Its Production Accounted for Corded in 2012 Half of unemployed young people in the Women in EU EU ready to relocate have fi rst child for a job on average at 29 See on p. 8 See on p. 13 2 April, 2018 News Making Money http://www.fi nchannel.com “Being a Turk in Georgia, while serving as Turkish Ambassador in Tbilisi, is a pleasant experience” Fatma Ceren Yazgan, Turkish Ambassador to Georgia The FINANCIAL torical links; as well as shared ments and trade relations but social and cultural interac- also the giant projects which tion. For the last twenty fi ve Turkey and Georgia, as well as Q. How have economic years the biggest change has our neighbour Azerbaijan, are relations between our been that we now have very involved in. These are proj- two countries changed structured economic rela- ects which have been on the over the past fi ve years? tions. When Georgia gained agenda for fi fteen years and And in your opinion has its independence and then are now bearing their fruits there been anything spe- Turkey rediscovered Georgia cifi c of note between the and the Georgian people, op- and I think we are seeing how countries in these fi ve portunity became where busi- solid these projects always years? ness people see it themselves. were. So there is a great future A. When you ask me about The governments were late in in terms of big infrastructural the past fi ve years, I think responding to many issues, projects bilaterally as well as it’s actually a 25-year jour- so I think that particularly in regionally. ney and it will be an endless these past fi ve years strategic story. We are two neighbour- relations have been crowned ing countries with deep his- by not only bilateral invest- Continued on p. 4 Most millennials will only work for purpose-driven firms The FINANCIAL as a taken-for-granted – that That purpose tops the any company that wants to be agenda for millennials is successful must pursue pur- backed up by PwC’s recent he most attractive pose,” said Alex Edmans, Pro- Workforce of the Future sur- companies to today’s fessor of Finance at London vey, which found that 88% talent are driven by Business School (LBS). “A of them want to work for a purpose, according purposeful company will still company whose values refl ect to London Business focus on long-term perfor- their own. Millennials will TSchool (LBS) experts. mance even when times are comprise 75% of the global “Maybe we will stop talk- diffi cult. The best companies workforce by 2025. ing about purpose in 10 years’ stick to their purpose rather time because it will just be than be distracted by short- ingrained in any organisation term demands.” Continued on p. 10 Danes train more to improve their hobbies See on p. 8 For the love of whisky The FINANCIAL with the production peak re- its production accounted for corded in 2012. In 2016, the 85% of the EU total, while it EU’s whisky production was represented 88% of the EU n the European Union, equivalent to slightly over 1.2 total in terms of quantity. In some 630 million litres of litres of pure alcohol per in- other words, about nine in ev- pure (100%) alcohol was habitant and it amounted to a ery ten bottles of whisky pro- produced in relation to value of €4.4 billion. duced in the EU originated whisky production in 2016. With a production worth from the United Kingdom. IThis was 90 million liters more than €3.7 bn, the Unit- fewer than in 2015 and 170 ed Kingdom was by far the top million litres fewer compared producer in 2016. In value, Continued on p. 15 Putin remains CURRENCIES overwhelmingly Weekly Mar 31 Mar 25 unpopular Market 1 USD 2.4144 2.4314 in the United Watch 1 EUR 2.9762 2.9972 States By Galt & Taggart 100 RUB 4.2081 4.2485 1 TRY 0.6109 0.6115 See on p. 2 See on p. 19 © 2018 The FINANCIAL. INTELLIGENCE BUSINESS PUBLICATION WRITTEN EXPRESSLY FOR OPINION LEADERS AND TOP BUSINESS DECISION-MAKERS 2 HEADLINE NEWS & ANALYSIS fi nnancialancial nnewsews 2 APRIL, 2018 | FINCHANNEL.COM CURRENT PRICES ON GASOLINE AND DIESEL 2 APRIL, 2018, GEORGIA Prices in GEL Prices in GEL Prices in GEL Prices in GEL Prices in GEL G-Force Super 2.47 Eko Super 2.48 Super Ecto 100 2.55 Nano Super 2.45 Efi x Euro 98 2.49 GASOLINE PRICES PRESENTED BY G-Force Premium 2.31 Eko Premium 2.33 G-Force Euro Regular 2.21 Super Ecto 2.37 Nano Premium 2.31 Efi x Euro Premium 2.33 BUSINESSTRAVELCOM 2 April, 2018 Eko Diesel 2.36 Premium Avangard Ecto 2.24 Nano Euro Regular 2.17 Euro Regular 2.24 Euro Regular 2.17 Euro Diesel 2.29 HOTEL AND AIRTICKET BOOKING: G-Force Euro Diesel 2.35 Euro Regular 2.09 Nano Euro Diesel 2.31 Efi x Euro Diesel 2.32 Euro Regular 2.20 Euro Deasel 2.25 Nano Diesel 2.21 Euro Diesel 2.25 2 999 662 | SKY.GE ISSUE: Euro Diesel 2.27 Diesel Energy 2.24 13 (597) CNG 1.54 GNG 1.53 © 2018 INTELLIGENCE GROUP LTD COPYRIGHT AND INTELLECTUAL PROPERTY POLICY The FINANCIAL respects the intellectual property of others, and we ask our colleagues to do the same. The material published in The FINANCIAL may not be reproduced without the written consent of the publisher. All material in The FINANCIAL is protected by Georgian and international laws. The views expressed in The FINANCIAL are not necessarily the views of the publisher nor does the publisher carry any responsibility for those views. PERMISSIONS If you are seeking permission to use The FINANCIAL trademarks, logos, service SPRING IN ACTION marks, trade dress, slogans, screen shots, copyrighted designs, combination of headline fonts, or other brand features, n March 2018, the average cost of please contact publisher. cooking one standard Imeretian “&” is the copyrighted symbol used khachapuri declined to 3.55 GEL, by The FINANCIAL which is 3.2% lower month-on- FINANCIAL (The FINANCIAL) is registered month (that is compared to Feb- trade mark of Intelligence Group ltd Iruary 2018), and 4.2% higher year- in Georgia and Ukraine. Trade mark on-year (compared to March 2017). registration by Sakpatenti - Registration The price of khachapuri has date: October 24, 2007; Registration N: 85764; Trade mark registratrion dropped in monthly terms (com- by Ukrainian State Register body - pared to February 2018) in all Registration date: November 14, 2007. Georgian cities. At 3.41 GEL, Telavi has seen the largest drop in the ADVERTISING Index (-4.7%), followed by Tbilisi All Advertisements are accepted subject (3.73GEL), which dropped by 4%. to the publisher’s standard conditions of Batumi (3.53 GEL) and Kutaisi insertion. Copies may be obtained from (3.52 GEL) experienced declines of advertisement and marketing department. Please contact marketing at: 1.5% and 2.7%, respectively. marketing@fi nchannel.com The negative monthly change in see fi nancial media kit online Kh-Index follows the traditional sea- www.fi nchannel.com sonal trend in fresh milk production. Download RATE CARD The price of all khachapuri ingredi- ents declined compared to the pre- vious month (February 2018), due to seasonal increase in the supply of milk combined with a temporary slump in demand due to the Great Lent, which started on February 19. DISTRIBUTION Putin remains overwhelmingly The FINANCIAL distribution network covers 80 % of key companies operating in Georgia. 90 % is distributed in Tbilisi, Batumi and Poti. Newspaper delivered free of charge to more than 600 companies and unpopular in the United States their managers. To be included in the list please contact distribution department at: temuri@fi nancial.ge CONTACT US EDITOR-IN-CHIEF ZVIAD POCHKHUA E-MAIL: editor@fi nancial.ge editor@fi nchannel.com Phone: (+995 32) 2 252 275 HEAD OF MARKETING LALI JAVAKHIA E-MAIL: marketing@fi nancial.ge marketing@fi nchannel.com Phone: (+995 558) 03 03 03 CONSULTANT MAMUKA POCHKHUA E-MAIL: fi nance@fi nancial.ge Phone: (+995 599) 29 60 40 HEAD OF DISTRIBUTION DEPARTMENT TEMUR TATISHVILI E-MAIL: temuri@fi nancial.ge Phone: (+995 599) 64 77 76 COPY EDITOR: IONA MACLAREN COMMUNICATION MANAGER: EKA BERIDZE Phone: (+995 577) 57 57 89 PHOTO REPORTER: KHATIA (JUDA) PSUTURI MAILING ADDRESS: 17 mtskheta Str. Tbilisi, Georgia OFFICE # 4 PHONE: (+995 32) 2 252 275 (+995 32) 2 477 549 FAX: (+95 32) 2 252 276 ducted in January before the Rus- tween 2015 and 2017, from 11% to with Russia” were a major threat to E-mail: info@fi nchannel.com KRISTEN BIALIK sian leader’s re-election. Just 9% of 27%. Conversely, more Democrats U.S. well-being. on the web: www.fi nancial.ge Pew RESEARCH CENTER daily news: www.fi nchannel.com Democrats and Democratic leaners viewed Putin unfavorably in 2017 By January 2017, after the presi- had a favorable view of Putin. About (79%) than did so in 2015 (69%), but dential election, Democrats had The FINANCIAL -- A majority of three-quarters of Democrats (76%), there has been little change since become far more likely than Re- Americans (68%) have an unfavor- on the other hand, held an unfavor- last year. publicans to view Russia as a threat able opinion of Russian President able view of the Russian president, Other signifi cant partisan shifts – though views have changed little Vladimir Putin. Just 16% see Putin compared with a smaller majority of in views of Russia have taken place since then.
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