facebook.com/ georgiatoday www.georgiatoday.ge Issue no: 796/3796/3 • NOVEMBERNOVOVEMEMBER 24 - 26, 2015 • PUBLISHED TWICE WEEKLY PRICE: GEL 2.50 Georgia Healthcare In this week’s issue... IFC Funds ‘m² Residential’ Group Joins Premium with USD 23 Million Listing of London PAGE 2 Georgia’s Ravaging Stock Exchange Nepotism ISET PAGE 4 Geocell: “We Dare You to Innovate!” FOCUS PAGE 6 ON SUCCESS First Regional Tier-1 PoP to Nikoloz Gamkrelidze, General Director of Georgia Healthcare Group discusses how Be Launched in Tbilisi they made it to the list PAGE 3 PAGE 7 Sharing Experience of Business Ratings Award Ceremony Visegrad Countries to be Held in Tbilisi PAGE 8 Georgian business. The winner will be awarded a Grand Prix- the BY ANA AKHALAIA The contribution of Business Ratings in pro- national business award, a handmade and exclu- Bernard Kouchner: moting Georgian business is recognized not sive composition Bolnian Cross. The remaining only by the business sector but also in the polit- companies will be awarded in different catego- Communication he 16th edition of the Business Rat- ical world. The fi rst Business Ratings was held ries and certifying diplomas of the top best 30 ings Award Ceremony for winning in 1995 and since then it has named many of will be given. with Society Key companies and business persons Georgia’s leading businesses as winners. A professional jury has already evaluated the will take place at the Funicular The Revenue Service of the Ministry of Finance companies on the following criteria: protecting to Reforms Complex Ballroom on November provided Georgian Times and GORBI with a the interests of entrepreneurs; public image; T26th. The Ceremony is being held by media list of companies which bring more than 1 mil- effective management; charity / philanthropy; PAGE 10 holding Georgian Times and public opinion and lion GEL into the Georgian budget. Experts, the effectiveness of advertising campaigns; new marketing research company GORBI (Georgian economic journalists, non-governmental organ- technologies; new jobs; stability of activities; Opinion Research Business International). izations, foundations, representatives of indus- company growth and success; recognition abroad; Enterprise The project aims to defi ne the most success- trialist and taxpayer unions, and pollsters then public relations (PR); effective marketing; fi nan- ful business sectors, to establish a new image chose the top 60 of the best and most success- cial transparency; level of professionalism; and Georgia Striving for Georgian businesses, to promote new ful companies which was then narrowed down potential investment attractiveness. promising companies, to bring Georgian busi- again to just 30 best companies. The sponsors of the event are: Black Sea Group, for Excellence nessmen together and to attract the attention These 30 companies will choose the leader Socar Energy Georgia, Wissol Petroleum Geor- of the international business community to and the winner company amongst themselves. gia and supermarket chain Smart. SUPPLEMENT TO GT Markets Asof20ͲNovͲ2015 STOCKS Price w/w m/m INDICES Price w/w m/m BankofGeorgia(BGEOLN) GBP18.41 Ͳ1,6% Ͳ9,5% FTSE100 6334,63 +3,5% Ͳ0,2% TBCBank(TBCBLI) US$8.50 Ͳ1,2% Ͳ5,6% FTSE250 17189,11 +2,5% +1,2% GHG(GHGLN) GBP1.80 Ͳ0,6% na DAX 11119,83 +3,8% +9,6% DOWJONES 17833,37 +3,4% +3,6% BONDS Price w/w m/m NASDAQ 5099,30 +3,5% +4,5% GEOROG05/17 101.38(YTM5.89%) Ͳ0,1% +0,6% MSCIEMEE 124,89 +6,4% Ͳ2,8% GEORG04/21 107.14(YTM5.33%) +0,0% +0,5% MSCIEM 837,14 +2,0% Ͳ3,2% GRAIL07/22 105.06(YTM6.79%) Ͳ0,2% +1,3% SP500 2091,33 +3,4% +3,0% GEBGG07/17 104.06(YTM5.09%) Ͳ0,1% +0,5% MICEX 1826,72 +5,7% +6,0% MSCIFM 2408,41 Ͳ1,3% Ͳ4,2% COMMODITIES Price w/w m/m GTIndex(GEL) 885,86 Ͳ Ͳ2,6% CrudeOil,Brent(US$/bbl) 44,49 +2,0% Ͳ8,7% GTIndex(USD) 728,38 Ͳ Ͳ3,6% GoldSpot(US$/OZ) 1077,20 Ͳ0,6% Ͳ8,4% GEORGIA TODAY 2 BUSINESS NOVEMBER 24 - 26, 2015 Euro Climate to Represent IFC Funds ‘m² Wolf Technologies in Georgia industry started in the air-conditioning BY ANA AKHALAIA and air-handling sectors. Wolf products Residential’ with are installed in opera houses, airports and offi ce complexes. uro Climate has been named Environmentally friendly and effi cient the offi cially representative heating units from Wolf quickly estab- of German company Wolf in lished themselves as quality brand prod- USD 23 Million Georgia and aims to sell mod- ucts. As a systems supplier Wolf com- ern solar panels approved in bines the five sectors of heating, Ethe world’s leading countries, high pro- ventilation, air conditioning, solar and duction heat pumps, central-heating combined heat and power plants, estab- condensing boilers, fan coil units, ven- lishing itself fi rmly as the competence tilation installations and various types brand for energy saving systems. and models of devices. Entry into the heating-technology sec- Euro Climate Ltd. was founded in July, tor in the early 1980s was a milestone in 2015 by Vladimer Nartkoshvili, Giorgi the company’s success story. Wolf was Tsagareli and Giorgi Chargeishvili. The also the leader in the introduction of company provides retail sales and whole- boiler guarantees extended to six years. sale, and installation services on heating, Wolf products have thus also been cooling, ventilation, heat pumps and awarded design prizes. Wolf concentrates solar panel devices. all its capabilities at its single produc- Wolf GmbH is a leading supplier of tion facility, which is sited in Mainburg, air-conditioning and heating technology. Bavaria. market. It can be said that Wolf is a fl ag- The company’s rapid progress to the “We believe that the combination of ship company in this sector worldwide,” forefront of Europe’s building services all these is a new step for the Georgian the company stated. for the families in Georgia. The goal of BY ANA AKHALAIA m² Real Estate is to build 2000 new apart- ments by the end of 2018,” said Irakli President of Mongolia and Director Burdiladze, m² Real Estate Director. nternational Finance Corporation IFC’s Regional Manager in the South General of the OIE Join Forces to (IFC) has funded m² subsidiary Caucasus, Jan Van Bilsen, stated that IFC m² Residential with USD 23 mil- promotes competition in the construc- lion. The goal of the loan is to tion sector and this project will not only Protect Pastoralism increase access of people with improve people’s living standards, but Iaverage incomes to energy effi cient, also create jobs in the process of the ‘green’ constructions. construction and beyond, thus contrib- According to the company, the grow- uting to economic development. ing demand on high-quality, affordable According to Green for Growth Fund housing is still not fully satisfi ed. Board Chairman Christopher Knowles, With IFC’s fi nancing, m² Residential the goal of the Fund is to support energy will build 1800 energy effi cient apart- saving and CO2 reduction in Georgia. ments, saving energy, water and con- “Compared to similar sized new build- struction materials in the process, thus ings in Georgia, the residential projects decreasing harmful effects on health and of m² Residential will be 40% more environment. energy effi cient and the demand on such IFC’s funding includes USD 11.5 million high quality buildings is high,” Knowles from the European Green for Growth stated. Fund (GGF). Georgia became an IFC member is 1995. “Partnership with IFC helped us to Since then IFC’s long term investments carry out the fi rst stage of our strategy, in Georgia amounted to more than USD to build high quality residential projects 1 billion in 52 projects of different sec- in Tbilisi. We, as one of the leading tors. IFC also conducts consulting pro- development companies in Georgia, jects in Georgia which are aimed at continue to improve living conditions developing the private sector. during his offi cial visit to France. The activities of the Mongolian Veterinary BY KATIE RUTH DAVIES meeting tackled various issues relating Services. to pastoralism and animal health in Mon- Protecting pastoralism in Mongolia golia, a country that is actively working and the world was a particular focus of ast week, the Director General to improve its animal health situation, discussion, leading to an agreement to of the OIE, Dr Bernard Vallat, with the aim of developing its rural organise a high-level Conference on this welcomed His Excellency Mr economy and foreign trade. The OIE subject by the end of 2016, under the Tsakhia Elbegdorj, President reiterated its commitment towards sup- patronage of Mongolia and of the OIE, Lof the Republic of Mongolia, porting sustainable improvement of the with the scientifi c support of the OIE. Order Natural NFA-Certifi ed Georgian Agro-Products Online BY TAMAR SVANIDZE new entrepreneurship which aims to promote natural products from vil- lages of Georgia has been launched on the Internet. AThe online portal, named “Soplidan. ge” (“from the village”), was established by two friends Natia Ninikelashvili and Consumers seeking natural certifi ed Nino Mgebrishvili and intends to offer products can now order from natural products from villages to city Georgian villages online residents. Anyone wishing to purchase healthy In an interview with Georgian online service. They will order whichever prod- food for their family can order through media outlet, founders of the website ucts they want and we will deliver them the website and have natural products emphasized that the idea in creating the fresh from the villages,” Natia Ninike- delivered to their homes. Ltd “Soplidan” online service came from their own lashvili said.