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From Presidency to Entrepreneurship About Jewish Heritage To Issue no: 1136/173 • MARCH 26 - 28, 2019 • PUBLISHED TWICE WEEKLY PRICE: GEL 2.50 In this week’s issue... Weekly Entrepreneurial News @entrepreneur.ge NEWS PAGE 2 SOCAR Gas Stations Redecorate for Euro 2020 BUSINESS PAGE 3 “IT Flu” in the Armenian FOCUS Labor Market ON THE NATO VISIT ISET PAGE 4 Check out a summary AqTushetii: Fighting of the Sec Gen's visit PAGE 2 Rural-Urban Migration BUSINESS PAGE 5 AEPJ General Assembly From Presidency to Entrepreneurship about Jewish Heritage to BY KETEVAN KVARATSKHELIYA Be Held in Tbilisi t is always interesting to fi nd out what spheres the ex-leaders of countries move into after their service to the government. Giorgi Margvelashvili, the former Pres- ident of Georgia, who held the status of Ifourth President of the country between Novem- ber 2013 and December 2018, is a person worth paying attention to even after he completed his service as an offi cial. From presidency, Marg- valshvili has moved to entrepreneurship and BUSINESS PAGE 7 today, he offering a cottage, built with his own hands, to local tourists, as well as travelers from Ambassador of the around the globe. The ex-President constructed the cottage two UAE on Relations, years ago in the garden of his country house, which he bought for just $2,500 in 2004, in the Development & Progress region of Dusheti. Continued on page 4 Image source: cbw.ge BUSINESS PAGE 12 Prepared for Georgia Today Business by Markets Asof22ͲMarͲ2019 STOCKS Price w/w m/m BONDS Price w/w m/m BankofGeorgia(BGEOLN) GBP16.47 Ͳ3,7% Ͳ3,0% GEOROG04/21 103.56(YTM4.93%) +0,4% +1,4% GeorgiaCapital(CGEOLN) GBP10.61 +1,0% Ͳ5,6% GEORG04/21 105.85(YTM3.87%) +0,1% Ͳ0,0% GHG(GHGLN) GBP1.98 Ͳ1,0% Ͳ5,5% GRAIL07/22 107.45(YTM5.25%) +0,3% +0,7% TBCBankGroup(TBCGLN) GBP15.62 Ͳ4,9% +6,3% GEBGG07/23 100.06(YTM5.98%) +0,4% +0,9% COMMODITIES Price w/w m/m CURRENCIES Price w/w m/m CrudeOil,Brent(US$/bbl) 67,03 Ͳ0,2% Ͳ0,1% GEL/USD 2,6800 Ͳ0,1% +0,8% GoldSpot(US$/OZ) 1313,68 +0,9% Ͳ1,2% GEL/EUR 3,0258 Ͳ0,3% +0,2% GEL/GBP 3,5387 Ͳ0,8% +1,9% INDICES Price w/w m/m GEL/CHF 2,6954 +1,0% +1,3% FTSE100 7207,59 Ͳ0,3% +0,4% GEL/RUB 0,0415 +0,2% +1,7% FTSE250 18998,46 Ͳ2,5% Ͳ1,4% GEL/TRY 0,4653 Ͳ5,3% Ͳ7,1% DAX 11364,17 Ͳ2,8% Ͳ0,8% GEL/AZN 1,5809 +0,1% +0,7% DOWJONES 25502,32 Ͳ1,3% Ͳ2,0% GEL/AMD 0,0055 ͲͲ NASDAQ 7642,67 Ͳ0,6% +1,5% GEL/UAH 0,0997 +0,5% +1,2% MSCIEMEE 167,16 +0,9% +0,9% EUR/USD 0,8849 +0,2% +0,3% MSCIEM 1059,63 +0,2% +0,1% GBP/USD 0,7570 +0,6% Ͳ1,2% SP500 2800,71 Ͳ0,8% +0,3% CHF/USD 0,9936 Ͳ0,8% Ͳ0,7% MSCIFM 2730,47 +0,9% +0,5% RUB/USD 64,6534 Ͳ0,2% Ͳ1,1% GTIndex(GEL) 1582,68 ͲͲTRY/USD 5,7593 +5,7% +8,3% GTIndex(USD) 1208,13 ͲͲAZN/USD 1,6994 +0,2% Ͳ0,1% GEORGIA TODAY 2 NEWS MARCH 26 - 28, 2019 The NATO Sec @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: Gen’s Tbilisi Visit The startup Elven Technologies has taken a problem and set to solving it by perfecting the uniforms of life’s superheroes. The idea of producing cool, comfortable clothing, brought together Vamekh Kherkheulidze, Giorgi Gabrashvili and Lado Tsibakhashvili, doctor, engineer and fi nance manager. With a GITA grant, the designers started working on integrating an innovative cooling system into uniforms, fi rst with those worn by fi refi ghters: the Elven Fire Heavy outer layer protects against fi re, steam and heat while the inside layers keep the wearer cool. The team has plans to do the same for uniforms worn by the B2C segment. A new CE, European-standard aesthetic medical products factory is to be opened in the Orkhevi region in 2020. Aptos threads were created by Georgia’s Marlen Sulamanidze 23 years ago and Georgia's sovereignty and territorial only a political one, but one based on BY THEA MORRISON are very popular in many countries today. They integrity within its internationally rec- values,” he stated. have so far been produced in Germany, but from ognized borders. Georgia’s Foreign Minister Davit Zal- next year will be sold with the ‘Made in Georgia’ “We welcome the increased role of kaliani earlier stated that Stoltenberg’s label. The project is managed by the sons of ithin the framework Black Sea security. That is why we are visit to Tbilisi indicates that Georgia is Sulamanidze, Konstantine and Giorgi. Along with of an offi cial visit to strengthening relations between Georgia a priority for NATO and noted that it their own investments, the authors' plans are Georgia, NATO Sec- and NATO and this cooperation will took place ahead of the NATO anniver- supported by Enterprise Georgia. retary General Jens strengthen in every direction,” Stolten- sary ministerial. Stoltenberg and berg added. “The whole week is extremely intense After designing for the world’s most prominent brands, WGeorgia’s Prime Minister Mamuka “Georgia is the largest contributor to in the context of relations with NATO. Georgia’s Zviad Tsikolia is working on the creation of Bakhtadze held a joint press conference. our initiatives, and I hope to welcome it The Secretary General’s visit also coin- the fi rst Georgian airplane. The idea was born 12 years During the conference, Stoltenberg to NATO soon," he emphasized. cides with the NATO exercise. This week ago and after overcoming technical and fi nancial expressed hope that Georgia will soon Bakhtadze thanked him for supporting we also have a meeting of the NATO obstacles, Tsikolia recently presented the azure blue become a member of the Alliance. Georgia and underlined that relations Military Committee,” he said. “And I airplane ‘Lizi’. This is a personal, single-seat airplane “Georgia and NATO will jointly decide between Georgia and NATO have never have a separate meeting in Brussels, made using composite materials and equipped with when Georgia should become a member, been at such a high level. within the framework of the NATO- modern technologies. Tsikolia is now looking for and no other party has the right to inter- “NATO membership is the most impor- Georgia Council, which will be devoted fi nances and says that after completion, it will be sold fere,” he stated, calling on Russia to revoke tant priority for Georgia's foreign and to Black Sea security issues. Having such on the American, European and Brazilian markets. its recognition of breakaway Abkhazia security policy, and the majority of Geor- a loaded role on the NATO agenda Follow the Entrepreneur Georgia Instagram page to get the latest updates from and South Ossetia as independent states gian society supports the country’s efforts throughout the week shows that Georgia Georgian Entrepreneurs. For doing business with Georgian Entrepreneurs, write us on and withdraw its troops from the regions. to become a full member of NATO. This has a high priority on the NATO politi- [email protected] He reiterated that NATO recognizes is further proof that our choice is not cal agenda,” he concluded. GEORGIA TODAY MARCH 26 - 28, 2019 BUSINESS 3 Tallinn Hosts Niko Pirosmani Exhibition and ceremonial festivities, epic country and have not been displayed outside the BY THEA MORRISON life, still lifes, soulful fi gures of animals, museum before. The exhibition opened portraits of his contemporaries and his- with a focus on the graphic portrait of torical fi gures. Pirosmani created by Pablo Picasso in stonia’s capital Tallinn is host- “Pirosmani’s paintings stand out for Paris in 1972. ing the exhibition of Georgia’s their style and painting technique, and The opening ceremony of the exhibi- world famous artist, Niko are fascinating due to their sincerity, tion was attended by the offi cials from Pirosmani (1862–1918), named their profundity and the meaningfulness Estonia, Parliament and government ‘The World of a Lonely hidden behind their seeming simplicity, institutions, diplomatic corps accredited EGenius.’ which on the one hand made his works in Estonia, cultural and business circles, The exhibition was opened in Mikkeli easily accessible to his clients from the NGOs and media. The representatives Museum on 23 March and will last until ranks of common people, but on the of the Georgian diaspora in Estonia also August 11. other hand felt like a revelation in the attended the event. The event has been organized on the innovative art of the beginning of the In addition, on March 23 and 24, exhi- initiative and with the support of the 20th century,” the Mikkeli Museum web- bition-educational lessons for children Embassy of Georgia to the Republic of site reads. and adults took place in the museum Estonia and arranged by the Art Museum The museum also says Pirosmani was building, dedicated to Niko Pirosmani's of Estonia, the National Agency for the an artist “whose life has become a legend works. The lessons were given in English Image source: Mikkeli Museum Facebook Cultural Heritage Preservation of Geor- and who is highly regarded as an impor- (with Estonian translation) and Russian gia and the Georgian National Museum.
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