DoD Georgians think that In U.S., Real Estate Still incomesinc should be equal? Leads Stocks as Best ANI LORTKIPANIDZE, GORBI Investment See on p. 8 See on p. 16 13 May, 2019 News Making Money http://www.fi nchannel.com New Variable More Than One in Five Tbilisi Art Fair Uniting the World Created for By GELA awareness. MEGENEISHVILI Offering a range of Degree of Millennials Still Live With Mom exhibitions and activities, from markets and masterclasses, Urbanisation The FINANCIAL -- More 6.8 million (11.7%) to 14.3 “While it might be tempting arking its second to lectures and forums, TAF people age 23-37 are living million (21.9%). to stereotype these young appearance, presents a value far superior Worldwide with their moms than at any While the economy has adults as lazy millennials Tbilisi Art Fair to a mere exhibition and has time this century, according recovered since the housing bumming off of mom, the data (TAF) has already created a social hub where Lewis DIJKSTRA And to a Zillow® analysisi. Nearly bust and recession of the paints a different picture,” arts admirers are given the Andrew RZEPA made quite a buzz 22% of American millennials mid-2000s, young people said Zillow Senior Economist Mamong art followers and others. freedom to express their taste Gallup – more than 14 million in living with their moms has Sarah Mikhitarian. “When Sponsored by art industry and immerse themselves in total – live with their mom continued to rise. The share the housing market went bust supporter TBC Bank, from 17 contemporary artworks. or both parents, the highest of those living at home that and the economy unraveled to 20 May, Expo Georgia will Visitors are encouraged to The FINANCIAL -- Migration share for this age group since are unemployed has fallen to into a recession, young adults be following a busy schedule, purchase the fi nest of works has been a driving force at least 2000. 10.3% from 19.5% in 2010, increasingly returned to their running one of the most present at the exhibition behind some of the biggest The share of young indicating that more young childhood home. anticipated art events of the and thereby make a smart investment in art. The project changes around the world adults living with mom has people are struggling to afford year. -- particularly over the past Already being covered by promises benefi ts for not only increased steadily since 2001 independent housing even the arts industry but Georgian two decades. The shift of – more than doubling from while holding a job. Continued on p. 15 prestigious international media outlets such as Art Newspaper, tourism and its economy as individuals moving from well. rural areas to urban areas Art Forum, Vienna Art Review, has not only driven economic The Guardian, and many others, April 2019: What Happened to this year’s Tbilisi Art Fair aims development, but also Continued on p. 4 created myriad challenges to achieve a whole new level of for policymakers who need Expectations of Georgian Consumers? to understand the needs Tegeta Motors prepared to issue and requirements of these ISET in one of the sub-indices: the expected unemployment. individuals. Expectations Index declined For the month of April, GEL 30 million bonds with the by 4.3 index points (from -14.1 consumer confi dence Continued on p. 13 ccording to to -18.4) compared to March, deteriorated in both groups, help of TBC Capital a nationally while the Present Situation Tbilisians and those living representative Index experienced a slight outside the capital. The he leading company in The investment in bo nds CURRENCIES sample of 320 improvement, by 0.3 index overall CCI went down by 2.2 automotive products has been made by resident Georgians, points (from -23.6 to -23.3). index points in Tbilisi (from and services, Tegeta and non-resident institutional Ainterviewed in early April Table 1, displayed below, -14.8 to -17) and by nearly Motors Ltd., will issue investors, banks, insurance May 11 May 5 2019, the Consumer elucidates which particular 0.7 index points throughout over GEL 30,000,000 companies and international Tworth of bonds, which is the fi nancial institutions. The 1 USD 2.7400 2.7070 Confi dence Index (CCI) questions were affected by the rest of Georgia (from largest transaction to have most signifi cant part of the 1 EUR 3.0770 3.0194 decreased by nearly two various expectations and are -23.9 to -24.6). index points, from -18.9 in responsible for the drop in occurred in the corporate bond was purchased. 100 RUB 4.2049 4.1400 March to -20.8 in April. A the Expectations Index: in lending segment of Lari so far in 2019. 1 TRY 0.4473 0.4532 similar pattern was observed both expected infl ation and Continued on p. 6 Continued on p. 4 © 2019 The FINANCIAL. INTELLIGENCE BUSINESS PUBLICATION WRITTEN EXPRESSLY FOR OPINION LEADERS AND TOP BUSINESS DECISION-MAKERS 2 HEADLINE NEWS & ANALYSIS fi nnancialancial nnewsews 13 MAY, 2019 | FINCHANNEL.COM CURRENT PRICES ON GASOLINE AND DIESEL 13 MAY, 2019, GEORGIA Prices in GEL Prices in GEL Prices in GEL Prices in GEL Prices in GEL G-Force Super 2.57 Eko Super 2.64 Super Ecto 100 2.69 Nano Super 2.58 Efi x Euro 98 2.64 GASOLINE PRICES PRESENTED BY G-Force Premium 2.43 Eko Premium 2.57 G-Force Euro Regular 2.35 Super Ecto 2.55 Nano Premium 2.48 Efi x Euro Premium 2.57 BUSINESSTRAVELCOM 13 May, 2019 Eko Diesel 2.63 Premium Avangard Ecto 2.44 Nano Euro Regular 2.38 Euro Regular 2.49 Euro Regular 2.29 Euro Diesel 2.59 HOTEL AND AIRTICKET BOOKING: G-Force Euro Diesel 2.59 Euro Regular 2.29 Nano Diesel 2.40 Efi x Euro Diesel 2.59 Euro Regular 2.49 Euro Deasel 2.49 Nano Euro Diesel 2.53 Euro Diesel 2.53 2 999 662 | SKY.GE Euro Diesel 2.49 Diesel Energy 2.53 ISSUE: 19 (653) CNG 1.49 GNG 1.45 © 2019 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 marks, trade dress, slogans, screen shots, copyrighted designs, combination of headline fonts, or other brand features, please contact publisher. April 2019: What Happened to “&” is the copyrighted symbol used by The FINANCIAL FINANCIAL (The FINANCIAL) is registered trade mark of Intelligence Group ltd Expectations of Georgian Consumers? in Georgia and Ukraine. Trade mark registration by Sakpatenti - Registration date: October 24, 2007; Registration N: 85764; Trade mark registratrion ISET Table 1: Changes in Consumer Confi dence (Index Points) by Questions: April 2019 by Ukrainian State Register body - Registration date: November 14, 2007. Do you expect prices to increase more rapidly, over the next 12 months? -10.3 ADVERTISING ccording to All Advertisements are accepted subject a nationally The expected level of unemployment in Georgia, over the next 12 months -9.6 to the publisher’s standard conditions of representative sample insertion. Copies may be obtained from advertisement and marketing department. of 320 Georgians, Is now the right time for people to make major purchases in Georgia? -5.3 Please contact marketing at: interviewed in marketing@fi nchannel.com Aearly April 2019, the Consumer see fi nancial media kit online The general economic situation, over the next 12 months -4.8 www.fi nchannel.com Confi dence Index (CCI) decreased Download RATE CARD by nearly two index points, from Do you expect to increase spending on major purchases compared to the past, over the next 12 -18.9 in March to -20.8 in April. -1.7 A similar pattern was observed months? in one of the sub-indices: the Expectations Index declined by What is your current ability to save? -0.9 4.3 index points (from -14.1 to How will your fi nancial situation change, over the next 12 months? -0.8 -18.4) compared to March, while the Present Situation Index Your fi nancial situation, over the past 12 months 0.3 experienced a slight improvement, by 0.3 index points (from -23.6 to Your ability to save, over the next 12 months 1.6 -23.3). Table 1, displayed below, DISTRIBUTION elucidates which particular Is now the right time for people to save in Georgia? 2.5 The FINANCIAL distribution network questions were affected by various covers 80 % of key companies operating How did the general economic situation change in Georgia, over the past 12 months? 2.5 in Georgia. 90 % is distributed in Tbilisi, expectations and are responsible Batumi and Poti. Newspaper delivered free for the drop in the Expectations How much did consumer prices rise, over the past 12 months? 2.9 of charge to more than 600 companies and Index: in both expected infl ation their managers. To be included in the list please contact and expected unemployment. distribution department at: For the month of April, Table 2: Change in Consumer Confi dence (Index Points) by Male and Female subgroup: April 2019 temuri@fi nancial.ge consumer confi dence deteriorated in both groups, Male Female CONTACT US Tbilisians and those living EDITOR-IN-CHIEF outside the capital.