Issue #917

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Issue no: 917

• FEBRUARY 3 - 6, 2017

• PUBLISHED TWICE WEEKLY

FOCUS

In this week’s issue... Freedom House Report 2017: Georgia Remains among Partly Free Countries

ON VISA-FREE Welcome to the EU! European Parliament backs Georgia's right to visa liberalization

PRICE: GEL 2.50

NEWS PAGE 2

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Georgian Soldiers to Participate in EU-led Peacekeeping Mission in RCA POLITICS PAGE 4

Trump’s Team Doesn’t Share His Views on Russia, NATO POLITICS PAGE 6

Pasha Bank PR & Marketing Head: Inspired by Youth Innovation BUSINESS PAGE 10

to TBC's Chkonia: Risk Management Time Grow Up: on Should Not Fall behind Business Ogden the Apathy of the Georgian Development Student

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avit Chkonia has been appointed as TBC Bank’s Risk Management Director and Deputy CEO. He has 15 years of experience in banking and risk management. What are the major risks distinctive to the banking and finance sector and why did he decide to continue his career in Georgia? Davit Chkonia talked about these issues with Commersant.

YOU HAVE A VERY RICH RÉSUMÉ. WHAT IS YOUR INTERNATIONAL EXPERIENCE IN RISK MANAGEMENT? To begin from the beginning, I received my higher education in the US. After I graduated, I started working in New York as an investment analyst in the pharmaceutical and biotechnology fields. Next I moved to London, to EBRD’s banking department, where I worked on financing clients and providing them with investment products. I also worked with credit and risk. For a time I worked in a department that estimated the risks of potential bank projects. Then, I

SOCIETY PAGE 12

decided to continue my studies, and I returned to US and entered the MBA program in Wharton Business School, Philadelphia, which is considered a leading school in the field of finance. After receiving my MBA, I started to work in the American investment bank Goldman Sachs. In London, I worked on complex financing transactions, mainly in the fields of infrastructure, energy, real estate, tourism in the European division of Goldman Sachs. During the financial crisis, when the financial markets faced difficulties, debt restructuring became important, hence, I started to focus in this direction in Goldman Sachs. I worked with clients who required restructuring. During the debt boom, numerous overambitious transactions were made. As a result, many of those transactions were moved

Legendary Mime Shalikashvili Dares to Stage Georgia’s Knight in the Panther’s Skin CULTURE PAGE 15

to the restructuring department. I worked in this direction until 2009. After that, together with several other people, I established a new company. The company focused on the management of bank’s problem loan portfolio. This issue was especially important for European banks, which had large investments in Eastern European countries as they decided to grow quickly and start making investments in the beginning of 2000. Continued on page 9


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