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BUSINESS WEEK August 17, 2015 #6
August 17, 2015, Issue 6
Partner News Agency WWW.ABW.GE ajara business week
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Zviad Diasamidze: We Aim to be a Leader in the Field of Corporate Social Responsibility ty Pg. 5
Vazha Davitadze’s Winemaking Business in Ajara Highland Pg. 6
GEL Depreciating Factors
T
he last two weeks have recorded a sharp decline in the GEL exchange rate, while the summer period is perceived as the time for strengthening the national currency. The Association of Young Financiers and Businessmen (AYFB) expects the GEL exchange rate
to strengthen in the second half of August amid the tourism season activation. “We should not expect sudden effect. Naturally, tourism season makes positive influence on the state economy and currency, but this effect will not be touchable in a short period. The national currency cannot strengthen the next day after the tourists arrive and spend foreign
currency in the country”, AYFB says. Disagreements between the National Bank of Georgia (NBG) and the government’s economic team are further deteriorating the situation. “The national bank could make certain interventions during insignificant fluctuations on the market, but it abstained to take these steps. Pg. 3
Telecommunications Market May Be Officially Monopolized
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aucasus Online and Silknet, two major internet providers on Georgia’s electronic communications market, may merge. The Georgian National Communications Com-
mission (GNCC) has inaugurated administrative proceedings to prepare a conclusion on their statement. The procedures call for exploring the market and arguments of companies. On the ground of
Georg gia Gives Preference to Mercedes-Benz amon ng Automobile Brands
the conclusion, the companies may be entitled to amalgamate the stakes. Should we expect a monopoly on the communications market? What should the beneficiaries expect from the merger of the major providers? Pg. 3
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Tourists Inflows to Ajara Grew by 5.8% in July
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ourism is growing in Georgia and visitors are flocking to Georgia’s Black Sea coastal city Batumi and the wider Adjara region to spend their summer break basking under the European sun. August, which is commonly known in Georgia as the ‘sea season’, has just started and the country’s seaside resorts have already enjoyed growing visitor numbers. Information about the number of tourists visiting Georgia’s Adjara region was released this morning by the Government of Georgia. Data showed in July 2015 alone the number of tourists in Adjara increased by 5.8 percent yearon-year (y/y). This was also evident in the first seven months of the year; between JanuaryJuly 2015, the region experienced 4.3 percent growth (y/y). Pg. 2
Ajara’s Tourism Summer 2015
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