Georgian Weekly Digest 21 August 2017

Economy

In July 2017, trade deficit shrank by 0.5% y/y to US$ 424.2mn on the back 22.1% y/y increase in exports to US$ 212.0mn and a 6.0% y/y increase in imports to US$ 636.2mn.

In July 2017 money transfers were up by 20.1% y/y to US$ 120.9mn. The increase was mainly driven by transfers from Russia (US$ 43.1mn, up 14.3% y/y), USA (US$ 12.7mn, up 15.6% y/y), Italy (US$ 12.1mn, up 21.2% y/y), Israel (US$ 10.5mn, up 112.5% y/y) and Turkey (US$ 9.3mn, up 28.2% y/y), while transfers from Greece were down 3.0% y/y to US$10.6.

 

Debt and Money Market

Eurobonds: during the week Georgia’s Sovereign Eurobond (GEORG 4/21) price was up 0.1% w/w to 112.0 (YTM 3.3%). BGEO Group JSC (BGEOLN 7/23) price was up 0.1% w/w to 102.5 (YTM 5.5%), Georgian Oil & Gas Corporation (GEOROG 4/21) price was down 0.1% w/w to 105.7 (YTM 5.0%), while Georgian Railway (GRAIL 7/22) price was unchanged w/w at 110.0 (YTM 5.4%).

 

Equity Market

On Friday’s trading session, TBC Bank Group PLC (TBCG LN) shares closed at GBP 15.60, unchanged w/w. During the week 104.0 thousand shares traded on the London Stock Exchange.

During the week 416.0 thousand of BGEO Group PLC (BGEO LN) shares traded, closing at GBP 34.43 (up by 1.5% w/w) on Friday’s trading session.

Georgia Healthcare Group PLC (GHG LN) shares were down by 1.0% w/w closing at GBP 3.42 on Friday. During the week 11.5 thousand GHG shares changed hands on the LSE.

No trades were recorded on the Georgian Stock Exchange.

 

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