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Batumi Botanical Garden Introduces New Pier in Georgian Ammonia Production Development by EKA KARSAULIDZE

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Batumi Botanical Garden Introduces New Pier in Georgian Ammonia Production Development by EKA KARSAULIDZE facebook.com/ georgiatoday Issue no: 864/37 • JULY 26 - 28, 2016 • PUBLISHED TWICE WEEKLY PRICE: GEL 2.50 In this week’s issue... FOCUS Ministry of Finance Presents ON FRIENDS IN US CONGRESS Jason Chaffetz, Chairman of the Committee New Income Tax System at on Oversight and Government Reform, International Forum reaffi rms support to Georgia PAGE 4 PAGE 3 Import of Oil Products to Georgia Increases in H1 2016 PAGE 4 EBRD Invests $155 Million Batumi Botanical Garden Introduces New Pier in Georgian Ammonia Production Development BY EKA KARSAULIDZE atumi City Hall announced that following rehabilitation works of the summer leisure area Green Cape in the city’s Botanical Garden, the new Bpier has fi nally been opened. USD 425,455 (997,676 GEL) was allocated PAGE 5 from the state budget to fi nance the recent stage of Green Cape rehabilita- tion works. Stability The newly restored 131.5 meter long pier utilizes refurbished wooden planks And and comes with a sturdy metal railing and lights. According to the Batumi Instability Mayor’s Offi ce, it is now again available for the local population and tourists to In Georgia enjoy. Continued on page 2 POLITICS PAGE 11 Prepared for Georgia Today Business by Markets Asof22ͲJulͲ2016 STOCKS Price w/w m/m BONDS Price w/w m/m BankofGeorgia(BGEOLN) GBP27.36 Ͳ0,1% +6,3% GEOROG05/17 101.88(YTM4.47%) Ͳ0,1% Ͳ0,1% GHG(GHGLN) GBP3.02 Ͳ11,1% +6,0% GEORG04/21 111.47(YTM4.17%) +0,1% +0,7% TBCBank(TBCBLI) US$13.40 Ͳ Ͳ0,7% GRAIL07/22 111.50(YTM5.46%) +0,2% +0,7% GEBGG07/17 104.56(YTM2.79%) Ͳ0,3% +0,7% COMMODITIES Price w/w m/m CrudeOil,Brent(US$/bbl) 45,69 Ͳ4,0% Ͳ8,4% CURRENCIES Price w/w m/m GoldSpot(US$/OZ) 1322,73 Ͳ1,1% +4,5% GEL/USD 2,3450 Ͳ +4,9% GEL/EUR 2,5766 Ͳ0,1% +1,8% INDICES Price w/w m/m GEL/GBP 3,0747 Ͳ0,6% Ͳ6,7% FTSE100 6730,48 +0,9% +7,5% GEL/CHF 2,3759 Ͳ0,4% +1,9% FTSE250 16983,46 +1,5% Ͳ0,4% GEL/RUB 0,0362 Ͳ1,6% +4,6% DAX 10147,46 +0,8% +0,8% GEL/TRY 0,7681 Ͳ1,1% Ͳ0,8% DOWJONES 18570,85 +0,3% +4,4% GEL/AZN 1,4781 Ͳ1,1% +1,8% NASDAQ 5100,16 +1,4% +5,5% GEL/AMD 0,0049 Ͳ +4,3% MSCIEMEE 125,32 Ͳ1,1% +0,5% GEL/UAH 0,0947 +0,3% +5,2% MSCIEM 869,30 +0,2% +4,8% EUR/USD 0,9110 +0,5% +2,9% SP500 2175,03 +0,6% +4,3% GBP/USD 0,7629 +0,6% +12,2% MICEX 1926,90 Ͳ0,7% +1,6% CHF/USD 0,9871 +0,4% +3,0% MSCIFM 2567,89 Ͳ0,6% +0,9% RUB/USD 64,7984 +1,7% Ͳ0,0% GTIndex(GEL) 841,36 Ͳ2,6% Ͳ0,1% TRY/USD 3,0660 +1,7% +6,0% GTIndex(USD) 707,67 Ͳ2,7% Ͳ5,9% AZN/USD 1,5955 +2,7% +4,1% GEORGIA TODAY 2 BUSINESS JULY 26 - 28, 2016 where Azerbaijan Spends Over $600 your essential guide to Georgia .ge Pay 10 GEL for your Million on BTK’s Georgian DiscountD Cards 10 magic Pay 10 GEL Discount Cards for your Section 10 magic Discount Cards to go get 170 GEL &worth of FREE products & services BY EKA KARSAULIDZE with extra discounts to stay ExclusiveE up to 20%Offers to eat to drink zerbaijan announced it has allocated USD 611.5 million (1435 million GEL) s to buy for the construction of the Georgian section of the Baku-Tbilisi-Kars (BTK) In total, Azerbaijan allocated a loan of USD 775 railway as of July 1, 2016, since the million (1819 million GEL) for the construction of Astart of fi nancing of this project by the country’s BTK’s Georgian section. SOFAZ is fi nancing the State Oil Fund (SOFAZ), reported Trend News project in accordance with the Azerbaijani Presi- Agency on July 23. dent’s Decree of February 21, 2007. According to the agreement signed between the The Baku-Tbilisi-Kars railway is being constructed Azerbaijani and Georgian governments, the funds on the basis of a Georgian-Azerbaijani-Turkish were transferred to Marabda-Kartsakhi Railway intergovernmental agreement. It is planned to be through the International Bank of Azerbaijan. The commissioned by late 2016. Marabda-Kartsakhi Railway was created to design, The peak capacity of the railway will be 17 mil- construct, rehabilitate, reconstruct and operate the lion tons of cargo per year. At the initial stage, this Marabda-Turkish border railway section and rel- fi gure will be one million passengers and 6.5 mil- evant infrastructure projects. lion tons of cargo. PresentP any Where Discount Card to the following locales and enjoy special discounts, exclusive offers and FREE gifts. Batumi Botanical Garden Introduces New Pier Continued from page 1 City Sightseeing Tbilisi Casino International Batumi “The Green Cape has clear waters and this coastal strip is very important for tourists, but the road Vardzia Resort Marco Polo Hotel Gudauri and infrastructure were in poor condition follow- to go w ing on from the Soviet collapse- for 25 years noth- Culinarium – Khasheria Japanese Restaurant Kyoto ing was done,” noted Batumi City Hall representa- to stay tives. w In order to make the Batumi Botanical Garden Chateau Mukhrani to eat 8000 Vintages even more attractive for visitors, plans are in place Get 170 GEL worth of w to widen the streets in the Green Cape area, creat- Caucasus Nature Jewels FREE products & services Art Studio La Maison Bleue ing pavements, proper drainage systems, curbs and Cards can be used only once by and for the bene to drink protective walls. Decorative slabs and outdoor with extra discounts Cards valid until 15th July 2016. w lighting will also be installed. Parallel to these up to 20% where to buy works, the territory adjacent to the entrance to the your esse nti al gui d fi e t t of one person. o Ge .ge 1 Melikishvilior Str. gia w TEL 229 59 19 Botanical Garden is also to be remodeled. The full [email protected] works are expected to amount to an allocated USD 1.02 million (2.4 million GEL) from the Budget. GEORGIA TODAY JULY 26 - 28, 2016 BUSINESS 3 TBILISI-BATUMI BATUMI-TBILISI Ministry of Finance Presents KUTAISI AIRPORT TBILISI CENTRAL BATUMI CENTRAL 09:00, 12:00, 20:00, 01:00 09:00, 12:00, 19:00, 01:00 New Income Tax System at 2 Station Square TAMAR MEPE AVE. 595 99 00 00 www.eurobus.ge International Forum tion in current international projects like Job Vacancy BY EKA KARSAULIDZE BEPS’ inclusive platform, which Georgia joined this June. Involvement in this platform makes it eputy Finance Minister possible for Georgia to have equal rights, Lasha Khutsishvili par- along with the Organization for Economic ticipated in a roundtable Co-operation and Development (OECD) about the mobilization of and G20 countries, in fi ghting tax eva- domestic resources in part- sion, as well as to be part of the BEPS' Dner countries and the Addis Ababa’s Tax working group and the Global Forum’s Initiative in the framework of a United Experts Group of Tax Transparency and FARM MANAGER Nations high-level political forum last Information Exchange. Provided By: Investment Company week, with the Deputy Minister sharing Deputy Minister Khutsishvili reported ARIC GROUP the Georgian experience. on the already implemented tax reforms The Addis Ababa Tax Initiative was in Georgia and the new income tax sys- About the Company: established in 2015 between Germany, tem which will come into force from Investment company ARIC GROUP is the Netherlands, the UK and the US to support the mobilization of domestic about Georgia’s activities regarding Base 2017. The Ministry of Finance claims that seeking a professional with minimum governments, and yet it brings together resources. Georgia was one of the fi rst Erosion and Profi t Shifting (BEPS) and the organizers of the meeting marked 5 years management experience of a more than 40 countries and organiza- to join the initiative and actively coop- named areas where the country needs Georgia’s involvement in international large scale (500ha plus) planting farm tions that have expressed their readiness erate. help from donor countries. He also noted projects and the progress achieved by (vineyard, stone fruit, nut and so forth). to increase efforts in partner countries During the meeting, Khutsishvili spoke the importance of Georgia’s participa- the tax reform. Location: #2 D. Gamrekeli Street, 0160, Tbilisi, Photo: Georgian Railways Georgia to Create Transport Corridor Georgia Regular trips to Kakheti region, Geor- with Key Neighbors gia Melkonyan, said details will be discussed How to apply: BY EKA KARSAULIDZE in Sofi a shortly. Applicants whose qualifi cations match It will be the second meeting of the the above requirements are welcome countries involved after the fi rst took to send their CV (English) to the fol- eorgia, Armenia, Iran, Bul- place in Tehran in June. lowing e-mail: [email protected]. garia and Greece intend to The existence of a new transport cor- Please include the position title in the create a transport corridor ridor could allow Iran to become a trad- subject line. that will connect the Black ing hub for Europe and Central Asia. Sea and the Persian Gulf. Bulgaria’s Prime Minister Boyko Bor- Only shortlisted candidates will be GArmenia’s Deputy Head of Ministry of isov has already confi rmed that the contacted.
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