Issue no: 1314
• SEPTEMBER 17 - 23, 2021 • PUBLISHED WEEKLY
FOCUS
ON THE SECURITY LEAKS Leaked files show Georgian state security officers have been illegally listening to clergy, journalists, politicians, and foreign diplomats
PRICE: GEL 2.50
In this week’s issue... Batumi Art-House Film Festival to be Held on September 18-24 NEWS PAGE 3
Action or Inaction: That Is the Choice. Part 2 PAGE 2
POLITICS PAGE 4
The Dangers of Having A “Dark Hole” in Central Asia POLITICS PAGE 5
Russia, Belarus and the Debate on Empire POLITICS PAGE 6
Jens Siegert on the Russian Elections & the Growing Repressions POLITICS PAGE 6
The SSSG headquarters in Tbilisi
EFES Georgia: We Believe Business Should Be Done with a High Sense of Responsibility INTERVIEW BY TEAM GT
D
espite the optimism that existed in early 2021, and which was mainly related to defeating the pandemic, the current year has turned out difficult for everyone, including
businesses. As such, it is interesting to discuss and evaluate how commercial organizations operate when faced with such challenges. We decided to talk to Ertan Kurt, General Manager of EFES Georgia. Among the brands EFES Georgia produces is popular beer and lemonade Natakhtari. It is a leading beer company, which brews local beer brands such as Natakhtari and Karva. Additionally, the company brews international beer brands Lowenbrau and Staropramen, and imports the biggest international premium brands, among them Stella Artois, Corona, Hoegaarden, and Leffe. Since 2006, the company has been presented in export markets and, currently, Georgian beer and lemonade are exported to 23 countries.
BUSINESSES, AND YOUR COMPANY, WILL ALREADY BE USED TO WORKING DURING THE CRISIS. PLEASE TELL US ABOUT IT, WITH YOUR COMPANY AS AN EXAMPLE. At this stage, we can say for sure that we don’t know when or how the Covid-19 pandemic will end, or what its economic consequences will be. We will all have to live and work facing this great challenge. And we’ll have to take into account the various restrictions and problems in different sectors of the economy. During this period, we had to take care of several important issues at the same time. We had to maintain the rate of production and sales index; we had to take care of the safety of our employees; we had to think about product export to different markets; and at the same time, most importantly, we had to maintain the high quality of our products. However, we already had the experience of 2020, when the crisis hit us totally out of the blue. Last year taught us a lot. Now, once again, the development of EFES Georgia is more sustainable. Continued on page 7
Carrefour Now in Hualing: 52nd Branch Opens in Georgia BUSINESS PAGE 8
Beeline Subscribers Can Already Use Virtual SIM Card BUSINESS PAGE 8
Power of the Nation CULTURE PAGE 11 CULTURE PAGE 11 Prepared for Georgia Today Business by
Markets As of 13ͲSepͲ2021
w/w
m/m
Price
w/w
m/m
GRAIL 07/28
102.81 (YTM 3.53%)
+0,8%
+1,3%
Bank of Georgia (BGEO LN)
GBP 15.44
Ͳ2,9%
Ͳ0,4%
GEBGG 07/23
BONDS
107.09 (YTM 2.10%)
Price
+0,2%
+0,5%
Georgia Capital (CGEO LN)
STOCKS
GBP 6.16
Ͳ1,8%
Ͳ5,4%
TBC Bank Group (TBCG LN)
GBP 14.34
+0,1%
+10,1%
GEOCAP 03/24
102.88 (YTM 4.88%)
+0,0%
+0,6%
SILNET 04/24
109.29 (YTM 6.95%)
+0,0%
Ͳ0,2%
TBC 06/24
108.27 (YTM 2.62%)
+0,4%
+0,0%
CURRENCIES
Price
w/w
GGU 07/25
106.95 (YTM 5.72%)
+0,0%
+0,1%
GEL / USD
3,1150
+0,2%
+0,2%
GEL / EUR
3,6792
Ͳ0,3%
+0,3%
m/m
COMMODITIES
Price
w/w
m/m
GEL / GBP
4,3055
+0,1%
Ͳ0,2%
Crude Oil, Brent (US$/bbl)
73,51
+1,8%
+4,1%
GEL / CHF
3,3815
Ͳ0,5%
Ͳ0,5%
1 793,75
Ͳ1,6%
+0,8%
GEL / RUB
0,0429
+0,7%
+0,9%
GEL / TRY
0,3694
Ͳ1,6%
+1,3%
Price
w/w
m/m
GEL / AZN
1,8351
+0,4%
Gold Spot (US$/OZ)
INDICES
+0,3%
FTSE 100
7 068,43
Ͳ1,7%
Ͳ2,1%
GEL / AMD
0,0063
Ͳ
Ͳ
FTSE 250
23 775,73
Ͳ1,9%
Ͳ0,1%
GEL / UAH
0,1167
+0,4%
+0,1%
DAX
15 701,42
Ͳ1,4%
Ͳ1,7%
EUR / USD
0,8467
+0,5%
Ͳ0,1%
DOW JONES
34 869,63
Ͳ1,4%
Ͳ1,8%
GBP / USD
0,7225
Ͳ0,0%
+0,2%
NASDAQ
15 105,58
Ͳ1,7%
+1,9%
CHF / USD
0,9217
+0,7%
+0,7%
200,58
+0,3%
+5,0%
RUB / USD
72,6416
Ͳ0,5%
Ͳ0,8%
MSCI EM
1 301,54
Ͳ1,7%
+1,6%
TRY / USD
8,4286
+1,8%
Ͳ1,1%
SP 500
4 468,73
Ͳ1,5%
+0,0%
AZN / USD
1,6975
Ͳ0,2%
Ͳ0,1%
MSCI FM
2 652,26
Ͳ0,0%
+4,7%
AMD / USD
491,6500
Ͳ0,2%
Ͳ0,4%
MSCI EM EE