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Ruling GD Supports Salome Zurabishvili in Presidential Elections

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Ruling GD Supports Salome Zurabishvili in Presidential Elections Issue no: 1082/146 • SEPTEMBER 11 - 13, 2018 • PUBLISHED TWICE WEEKLY PRICE: GEL 2.50 In this week’s issue... FOCUS City Hall, Tbilisi Transport ON GEORGIAN FASHION Company Meet with We take a look at the latest global designer successes from Stadler Georgia PAGE 3 NEWS PAGE 1 ADC & USAID Zrda Invest in Regional Economic Development of Anaklia/ Zugdidi & Surroundings BUSINESS PAGE 6 Vetements. Design by Demna Gvasalia Welcome to Georgia! Extends Registration to Ruling GD Supports Salome 2018 Tourism Awards BUSINESS PAGE 8 Zurabishvili in Presidential Elections Georgia Listed among BY THEA MORRISON Top 5 Fastest Growing uling party Georgian Dream (GD), Tourist Destinations which decided not to have their BUSINESS PAGE 8 own candidate for the presidential elections scheduled for October 28, will back independent candidate EMUI 9.0 Promises SalomeR Zurabishvili. The decision of the party was announced by the Parliament Speaker Irakli Kobakhidze on Unrivaled Experience of September 9 after the political council meeting. Kobakhidze said the Georgian Dream was HUAWEI Mate 20 series sticking to its decision not to nominate its own candidate for the elections. BUSINESS PAGE 10 “Georgia is a Parliamentary Republic, where power is concentrated between the parliament and the government, where the President enjoys Prepared for Georgia Today Business by only representative functions; and in this sys- Markets As of 07-Sep-2018 tem, the President has to be above partisan STOCKS Price w/w m/m BONDS Price w/w m/m politics, has to be unbiased and should not rep- Bank of Georgia (BGEO LN) GBP 17.03 +3,0% -5,4% GEOROG 04/21 103.06 (YTM 5.48%) -0,0% +0,8% Georgia Capital (CGEO LN) GBP 10.28 +0,1% +2,7% GEORG 04/21 105.38 (YTM 4.64%) -0,0% -1,1% resent the interests of the ruling party or the GHG (GHG LN) GBP 2.31 +0,4% -13,5% GRAIL 07/22 106.01 (YTM 5.97%) -0,1% -0,5% opposition, but rather be a defender of the peo- He then called on Georgian society to support the legislative body. TBC Bank Group (TBCG LN) GBP 15.84 -1,0% -7,9% GEBGG 07/23 98.25 (YTM 6.42%) -0,6% -1,8% ple’s interests,” he explained, adding that in Zurabishvili’s candidacy. The Central Election Commission (CEC) of Geor- COMMODITIES Price w/w m/m CURRENCIES Price w/w m/m Crude Oil, Brent (US$/bbl) 76,83 -0,8% +2,9% GEL / USD 2,6049 +1,2% +5,8% order to ensure maximum political pluralism, After the ruling party announced their choice, gia says 46 applicants have applied to the Central Gold Spot (US$/OZ) 1 196,93 -0,4% -1,2% GEL / EUR 3,0081 +0,8% +5,2% considering the country’s interests, an inde- Zurabishvili said her expectations had been met. Election Commission. September 18 is the deadline GEL / GBP 3,3657 +0,9% +5,6% INDICES Price w/w m/m GEL / CHF 2,6832 +1,3% +8,5% pendent candidate should become President. “This is a very positive decision for me, I think for presidential candidates to submit a list of sup- FTSE 100 7 277,70 -2,1% -5,7% GEL / RUB 0,0372 -2,6% -4,1% FTSE 250 20 209,61 -2,3% -2,3% GEL / TRY 0,4067 +3,5% -13,4% “We [GD] think Salome Zurabishvili can estab- it is also a right and a democratic decision for porters (no less than 25,923) to the CEC. DAX 11 959,63 -3,3% -5,4% GEL / AZN 1,5355 +1,3% +6,0% lish a new tradition in our constitutional system: the ruling party…I am very happy,” she added. Zurabishvili submitted signatures of more than DOW JONES 25 916,54 -0,2% +1,1% GEL / AMD 0,0054 +1,9% +5,9% NASDAQ 7 902,54 -2,6% +0,2% GEL / UAH 0,0922 +1,1% +1,5% she can fulfi ll the President’s functions not in Salome Zurabishvili was an independent can- 73 thousand supporters to the CEC. MSCI EM EE 149,46 -3,8% -6,7% EUR / USD 0,8656 +0,4% +0,4% the interests of an individual party or a political didate in the 2016 parliamentary elections and Check out GEORGIA TODAY'S EXCLUSIVE MSCI EM 1 022,98 -3,1% -5,3% GBP / USD 0,7739 +0,3% +0,1% SP 500 2 871,68 -1,0% +0,5% CHF / USD 0,9692 +0,0% -2,7% group, but based on the interests of the country the GD decided to withdraw their candidate in interview with PRESIDENTIAL CANDIDATE MSCI FM 2 584,57 -2,4% -5,7% RUB / USD 69,9013 +3,6% +10,1% GT Index (GEL) 1 582,68 --TRY / USD 6,4089 -2,0% +22,6% and society as a whole,” Kobakhidze said. Mtatsminda region to help her win the seat in SALOME ZURABISHVILI this THURSDAY! GT Index (USD) 1 208,13 --AZN / USD 1,6959 +0,0% -0,3% GEORGIA TODAY 2 NEWS SEPTEMBER 11 - 13, 2018 Grape Harvest Kicks Off in Kakheti 150 wine companies are involved in this Ministry of Environment Protection and BY THEA MORRISON year’s harvest process and are buying Agriculture, National Wine Agency, and grapes from local farmers. Grapes have State Representative-Governors of the already been processed by 71 wine com- Kakheti region. he Grape Harvest 2018 has panies. The Headquarters work 24/7 during begun in Georgia’s win- “The harvesting process started in the harvest, helping farmers and enter- emaking region of Kakheti. almost all municipalities of Kakheti prises to organize the harvest, and ensur- Georgia’s National Wine except Sagarejo where traditionally the ing accountability and traceability, which Agency (NWA) reports vintage starts later…In all regions of is a precondition for quality production. Tthat more than 23 thousand tons of Kakheti, wine enterprises continue The NWA reports that the grapes grapes have been processed in Kakheti receiving grapes in the usual regime and are collected on the basis of the Uni- so far, including 14 thousand tons of are processing the harvest, ” Aslanishvili fied Electronic Accounting system Saperavi, 5 thousand tons of Rkatsiteli, stated, adding the number of participant implemented by the Ministry of Envi- 800 tons of Kakhuri Mtsvane, and other companies is growing. ronment Protection and Agriculture kinds of grapes. The NWA has The Harvest Headquarters began oper- since 2013. announced that the income of local ating in Kakheti on August 20 and is In order to promote grape growing, farmers has already reached 37 million ready to register more enterprises that the government issued subsidies on GEL ($14,859,436.80). wish to participate in the collective har- Rkatsiteli, Saperavi and Kakhetian Green The Head of the Harvest Coordination vest. grapes in 2017. However, this year the Headquarters and Deputy Head of the The harvest coordination Headquarters government decided not to subsidize NWA, Andro Aslanishvili, stated around was set up by representatives of the Image source: Georgia’s National Wine Agency grapes in the country. City Hall, Tbilisi Transport Company Meet with Stadler in July 2016, when four new, double-decker Stadler is one of the world's leading BY SAMANTHA GUTHRIE ‘Stadler KISS’ trains began carrying railway companies in railroad transport, and has passengers between Tbilisi and Batumi. been operating since 1942. It has been The trains marked a signifi cant upgrade working closely with Georgian Railway, ice-Mayor of Tbilisi Irakli from previous trains servicing the route Tbilisi City Hall, and the Georgian gov- Khmaladze and the Director as they are adapted for people with disa- ernment on its plans to construct a fac- of the Tbilisi Transport Com- bilities and meet European standards of tory in the country. The Swiss company pany, Mamuka Kobakhidze, safety and comfort. manufactures railroad passenger trains, met Friday with representa- After signing the Memorandum, Geor- as well as subway and tramway cars, and Vtives of the Swiss rail company Stadler. gian Railway JSC released a statement has various plants worldwide. Products During the meeting, the participants saying that they believe Stadler decided produced in Georgia will be designated discussed the details of Stadler’s activi- to build the factory in Georgia due to its for the local and regional market. ties in Georgia and plans for future coop- Image source: Photo: Tbilisi City Hall previous success entering the market Stadler’s holding company consists of eration within the framework of the and the continual improvement of the eight subsidiaries with locations in Alge- Memorandum of Cooperation that was orandum. If Tbilisi City Hall and Stadler us to introduce new buses and renew domestic business environment. “Launch- ria, Germany, Italy, the Netherlands, signed in June. can come to an agreement on several the metro trains in the capital,” said Tbi- ing such a high-tech enterprise in our Austria, Poland, Switzerland, Spain, the Khamaladze said after the meeting, important issues, then by the end of the lisi Mayor Kakha Kaladze after signing country bears paramount importance Czech Republic, Hungary and Belarus. “Several months ago, Tbilisi City Hall year there may be a cooperation agree- the Memorandum in June. Kaladze also for increasing the export potential of In 2014, Stadler formed a joint venture signed a Memorandum with Stadler. The ment. Within the scope of this agree- said that the factory will play an impor- Georgia, providing high-end fully with Azerbaijan-based company Inter- fi rst working meeting was held with the ment, a Stadler rail transport factory will tant role in creating new jobs for Tbilisi equipped railroad passenger trains as national Railway Distribution LLC and management and founders of the com- be built in Georgia.” residents.
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