source: ministry of finance / national bank of georgia /...
TRANSCRIPT
IMPORTANT FIGURES
Source: Ministry of Finance / National Bank of Georgia / Geostat.ge
DEMOGRAPHY
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IMPORTANT FIGURES
Source: Ministry of Finance / National Bank of Georgia / Geostat.ge
DEMOGRAPHY
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Source: Ministry of Finance / National Bank of Georgia / Geostat.ge
IMPORTANT FIGURES
COUNTRY PROFILE
3.72 mln.
Area 69.700 sq.km
Time Zone GMT + 4:00
South-Eastern Europe
GDP per capita >3,200 USD
CPI 2016 102.1%
FDI 2016 1645.4mil. USD
The Total Foreign Debt 12 bil. USD
unemployment Rate 12,0%
4,9%
Source: Ministry of Finance / National Bank of Georgia / Geostat.ge
IMPORTANT FIGURES
CITY PROFILE
1.113 mln.
Density 2 322.8 / sq.km
Area 503 sq.km
Coordinates 41o43’0’’44o47’0’’E
Average Temperature 12,7oC
Average Monthly Temperature Janyary 1oC; July 24,4oC
GDP >3,200 USD
CPI 160,91
270,601
Annual FDI >1,5 billion USD
Unemployment Tbilisi 21,4%
Real estate prices (1 sq.m) 400 - 1100 USD
Source: Geostat.ge
CITY ECONOMY
TBILISI ROLE IN GEORGIAN ECONOMY
GDP 2015 – 13,988.1 mln USD
CPI - Tbilisi
Tbilisi Share in GDP 41.7%
GDP 2016 (I, II, III Quarter) – 10,439.7 mln USD Annual economic growth - 2.3%
2010 2011 2012 2013 2014 20150
40
20
60
80
100
120
140
160
180
GDP per capita - Georgia
2012
3,523.4
3,599.6
3,676.2
3,743.1
141.50
107.1 108.5 99.1 99.5 103.1 104
152.83 150.73 150.25155.19
160.91
2013 2014 20153,400
3,450
3,500
3,550
3,600
3,650
3,700
3,750
3,800
GDP - Georgia Tbilisi Georgia
Source: Ministry of Finance / National Bank of Georgia / Geostat.ge
CITY ECONOMY
• Commercial Banks -19
• Foreign Controlled - 18
• In the Premium Lis g of London Stock
Exchange – 2 Banks
• Micro Finance Ins tu 69
• Non-bank depository ins tu 15
• Stock Exchanges – 1
• Insurance companies – 14
• Pension Funds – 5
• Interna al Financial Ins tu :
EBRD, KFW, IFC, ADB, FMO, etc
from investors
Overall, 70% of business-related licenses and 90% of business permits were abolished
One-stop shops
reduced from 21 to 6
CITY ECONOMY
PERFORM WITHOUT BARRIERS
GEORGIA TAX SYSTEMVAT 18%
• No payroll tax or social insurance Tax• No capital gains tax• No wealth tax and inheritance tax• Personal income tax for interest, dividend, royalty – 5%• Foreign-source income of individuals fully exempted
15%
Personal Income Tax 20%
Dividend and Interest Taxes 5% / 5%
Property Tax Up to 1%
0%, 5%, 12%
PERMIT ONLY FOR:• Construc n • Start Business in 1 Day
• Conversion of passengers by public transport (except taxi) • No Min. Capital Requirement
• Outdoor adver g by using municipal property • Register Property in 1 Day
CITY ECONOMY
DISTRIBUTION OF ECONOMIC ENTITIES
Source: Geostat, 2015
Georgia - 651 392 / Tbilisi - 283 515
Other Cities of Georgia57%
Gldani2%
Didube5%
Vake4%
Isani4%
krtsanisi0%
Mtatsminda5%
Nadzaladevi6%
Saburtalo8%
Samgori5%
Chugureti3%
Tbilisi43%
43% of Georgian companies are established in Tbilisi
CITY ECONOMY
FOREIGN DIRECT INVESTMENTS
Source: Geostat, 2015
FDI 2016 (Q1,Q2,Q3) – 1,298.4 mln USD
Thousands, USD
Thousands, USD
FDI 2015
FDI according countries 2015FDI by sectors, 2015
79%
13%
1% 7%
7%9%
8%
37%9%
30%
911,564.26 941,902.62
1,758,422.931,564,499.77
693,433.80688,367.67
1,326,936.61
1,234,656.99
0200,000400,000600,000800,000
1,000,0001,200,0001,400,0001,600,0001,800,000
2012 2013 2014 2015
FDI
FDI Growth - Georgia FDI Growth - Tbilisi
Georgia
Adjara
Kakheti
Other
Construction
Hotels & Restaurants
Energy
Transport & communications
Healthcare
Other
0
200000
400000
600000
CITY ECONOMY
PRODUCTION AND TURNOVER OF CITY-BASED ENTERPRISES
Source: Geostat, 2015
mln, USD mln, USDProduc n
Percentage of Produc n distribu etween enterprises
Total Produc 2015 - 6,787.92 million USD Total Turnover 2015 - 14,650.19 million USDPercentage of turnover distr between enterprises
Turnover
2010 2011 2012 2013 2014 2015$18,490 $26,585 $34,206 $33,019 $35,805 $37,421$2,580 $3,701 $2,773 $3,760 $4,051 $4,206$1,528 $2,784 $3,695 $3,490 $3,939 $4,260
2010 2011 2012 2013 2014 2015$40,194 $58,531 $70,889 $71,160 $80,537 $84,899$4,066 $6,708 $4,891 $6,872 $6,819 $7,136$2,144 $5,192 $5,660 $5,059 $6,235 $7,001
40500
35500
30500
25500
15500
10500
5500
500
905008050070500605005050040500305002050010500
500
LargeMediumSmall
LargeMediumSmall
82%
9% 9%p
86%
7% 7%p
Large
Medium
Other
Large
Medium
Other
INTERNATIONAL RATINGS
! In 2017 Georgia is listed among regional leaders on the total count of reforms
region - Europe & Central Asia (among 25 countries)
! The Top Improver since 2006 in EE&CA and
reforms
According to the research organization
Numbeo, in 2017 Georgia is the 7th
safest country in the world
7 125
FROM
2016 BB-Stable BB-Stable
2014 BB-Stable
2009 B Stable B+ Stable B1 Stable
2008 B+ Stable NA
GEORGIA - AMONG TOP 10 COUNTRIES IN FOLLOWING AREAS:Registering Property – 3rd
7th7th
8th8th
CONNECTIVITY
TBILISI - EASY CONNECTIVITY
THE WHOLE TBILISIWITHIN YOUR REACH!
Company Frequency
(weekly)
Georgian Airways Tbilisi - Amsterdam 2
Tbilisi - Vienna 2
Tbilisi - Tel Aviv 7
Tbilisi - Moscow 14 (18)
Tbilis - Batumi 2 (7)
Tbilisi - Kutaisi 1
Tbilisi - Odessa 2
Tbilisi - Yerevan 7
Tbilisi - Erbil 1
Tbilisi - St. Petersburg 2
Tbilisi - Bagdad 1
China Southern Airlines Tbilisi - Urumqi 2
Skat Tbilisi - Aktau 3
Air Astana Tbilisi - Almaty 5
Azerbaijan Airlines Tbilisi - Baku 7
Qatar Airways Tbilisi - Doha 7
Fly Bagdadi Tbilisi - Bagdad 1
Fly Dubai Tbilisi - Dubai 7
Ural Airlines Tbilisi - St. Petersburg 1
LOT Tbilisi - Warsaw 3
Ukraine Intern. Airlines Tbilisi - Kiev 11
Belavia Tbilisi - Minsk 7
Tbilisi - Munich 7
Tbilisi - Moscow 7
S7 Airlines Tbilisi - Moscow 7
Aegian Airlines Tbilisi-Athens 1
Tbilisi - Riga 2
Turkish Airlines Tbilisi - Istanbul 28
Atlasjet Airlines Tbilisi - Istanbul 7
Pegasus Airlines Tbilisi - Istanbul 7
Air Cairo Tbilisi - Sharm El-Sheikh 1
Air Arabia Tbilisi - Sharjah 4
Izrail Tbilisi - Tel Aviv 4
Elinair Tbilisi - Thessaloniki 1
Yanair Tbilisi - Kiev 1
• Key Railway Line • Links with China and India through 1 corridor • Links with EU through 4 corridors • Free Trade with CIS
• GSP with USA, Canada, Switzerland, Japan and Norway
1 HOUR 50 MIL PEOPLE 4 BILLION USD
2 HOURS 100 MIL PEOPLE 100 BILLION USD
3 HOURS 500 MIL PEOPLE 500 BILLION USD
4 HOURS 1 BILLION PEOPLE 1 TRILLION USD
4 HOURS AWAY FROM A 1 BILLION SIZE MARKET
TOURISM
TOTAL NUMBER OF INTERNATIONAL VISITORS – 6 350 825
Source: Georgian National Tourism Administration
EUROPE 5 968 151
AMERICA42 906
AFRICA6 631 MIDDLE EAST
88 235
OTHER6 359
EAST ASIA/PACIFIC238 543
TOURISM
NUMBER OF INTERNATIONAL VISITORS BY YEARS
INTERNATIONAL TOURISM RECEIPTS
Source: Georgian National Tourism Administration
Georgia has increased by 7.6% in 2016
4,428
5,392 5,4935,901
6,351
4,000
4,500
5,000
5,500
6,000
6,500
2012 2013 2014 2015 2016Number of international visitors by years
0
500,000
1,000,000
1,500,000
2,000,000
2012 2013 2014 2015 2016 (3 Qr)
1,410,9021,719,7001,787,1401,935,915
1,684,861
Top 15 Countries by arrivalsAzerbaijanArmeniaTurkeyRussia
UkraineIran
IsraelKazakhstan
PolandGermanyBelarus
IndiaUSA
Saudi ArabiaGreece
Thousands, USD
GAMBLING
Source: Colliers International
TURNOVER MILLION USD (2009-2015)
Levy for the gambling business
Gambling sector customers mainly come from Russia, Azerbaijan, Turkey and the Middle East
Slots - 50,000 - 1,000,000 GELThe Gambling club: 10,000 - 50,000 GELCasino: 0 - 250,000 - 5,000,000 GEL
$28.6 $43.3 $140.9
$383.1 $466.7
$781.8 $863.9
$(200.0)
$-
$200.0
$400.0
$600.0
$800.0
$1,000.0
2009 2010 2011 2012 2013 2014 20152009 2010 2011 2012 2013 2014 2015
TBILISI BATUMI THE REST
Shangri La Casino Iveria (batumi
Casino Rooms (Kazbek)
Casino Adjara Sheraton Batumi Casino Ambassador
Casino Iveria Casino Intourist Palace
Golden Palace Batumi
Casino Leogrand Batumi
CORPORATE RATES FOR UTILITIES
Natural gas: LTD “KazTransGas“Tari s - 0.29 USD per 1m3
Cleaning Services – LTD “Tbilservis Group” (care, decontamina ) Tari s - up to 0.37 USD per 1sq/m
Electricity: Telasivoltage level - 220/380 volts (non-residen ers)Tari s - 0.0759 USD / kWh
Water: LTD “Georgian Water and Power” Tari s - for the supply of drinking water and passing - wastewater treatment for government agencies and the commercial sector is 1.69 USD per 1m3
IMPORTANT FIGURES
Source: Ministry of Finance / National Bank of Georgia / Geostat.ge
DEMOGRAPHY
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DEMOGRAPHY
GUDIASHVILI SQUARE DEVELOPMENT PROJECT
DEVELOPMENT PROJECT OF PARKING PLACES IN TBILISI
VARKETILI RESIDENTIAL COMPLEX RENOVATION PROJECT
DEVELOPMENT PROJECT OF TBILISI SEA SURROUNDINGS
THE PRIVATIZATION OF MEDICAL INSTITUTIONS
INVESTMENT PROJECTS
GUDIASHVILI SQUARE DEVELOPMENT PROJECT
Gudiashvili Area is located in the center of old Tbilisi, which combines
Georgian, Eastern and classic architecture, giving the
tourists.
Brief Overview
cluster• Shopping and day-to-day life
• Sleeping
GUDIASHVILI SQUARE DEVELOPMENT PROJECT
Reclaiming a tradi al square for the locals and a discovery for tourists - a des a to catch up with friends or take a break from the o ce. A place to enjoy the crea vity of Tbilisi inspired community.
Project Descrip n
Total built up area – 9.974 sq.m. 58 hotel rooms, 8 rooms with shared bathroom and 24 apartments
Approximate cost of the project – 14 million USD
Payback of the project - 5 years
IRR- 20%IRR
Source: Colliers feasibility study
GUDIASHVILI SQUARE DEVELOPMENT PROJECT
OVERVIEW OF THE HOTEL MARKET IN TBILISI
Georgia has more than 6 million foreign visitors each year;
Most of them stay in hotels / hostels or rent apartments;
Tbilisi hotel market capacity is approximately 7,072 rooms, equipped with more than 14,837 beds;
level of occupancy in the local high-end hotels is about 58%;
The daily cost of hotel room varies from 80-207 USD;
GUDIASHVILI SQUARE DEVELOPMENT PROJECT
Source: PwC feasibility study
DEVELOPMENT PROJECT OF PARKING PLACES IN TBILISI
Brief Overview
By the request of Tbilisi City Hall, Feasibility study for mul evel parking lots was conducted. 10 municipal land plots have been selected in the most demanded places. In the frames of the project, 9 underground and 1 underground and overground parking lots will be constructed. Selected municipal land will be given to the investors for free with the period of 30 years.
DEVELOPMENT PROJECT OF PARKING PLACES IN TBILISI
Project Descrip n
DEVELOPMENT PROJECT OF PARKING PLACES IN TBILISI
The total number of parking places - 2,500
Approximate cost of the project - 12 million USD
IRR
Currently there are more than 33.000 parking spaces in the city, which are crowded during working hours;
An annual average growth rate of vehicles is about 8.3%, hence the demand for parking spaces is increasing rapidly;
is 65-85%;
THE DEMAND FOR PARKING SPACES IN TBILISI
LOCATION MAP OF THEPARKING LOTS
VARKETILI RESIDENTIAL COMPLEX RENOVATION PROJECT
Brief overview
Project implies replacement of damaged buildings distributed over 70 ha territory. Tbilisi -
-
-
new phase of the project.
VARKETILI RESIDENTIAL COMPLEX RENOVATION PROJECT
Project Descrip n
VARKETILI RESIDENTIAL COMPLEX RENOVATION PROJECT
PROJECT CALCULATIONS
families , up to 250 000 sq.m living space;
Maximum built-up area in the quarter in total -
2,000,000 sq.m;
The average price of 1 sq.m. in the market - 600 USD;
– up to 2,000 units per year;
VARKETILI RESIDENTIAL COMPLEX RENOVATION PROJECT
Drawing of master plan for selected district
Brief overview
DEVELOPMENT PROJECT OF THE TBILISI SEA
Developing of Tbilisi Sea surroundings in
TBILISI SEA SURROUNDING ZONING
DEVELOPMENT PROJECT OF THE TBILISI SEA
CAPEX. NPV. IRR. P.B. (Year) Spa and wellness resort 4,532,000 2,452,122 21,13 7
9,891,000 2,242,001 16,50 7
CAPEX. NPV. IRR. P.B. (Year) Luxury hotel 7,508,000 2,344,000 17,82 8Exclusive outlets 18,237,000 3,369,695 16,44 9Outdoor food markets 397,000 -189,257 2,48Retail villages 4,843,000 859,746 16,24 9Entrepreneurship incubator 7,994,000 -437,995 11,50Three-star hotel 17,327,000 1,212,891 14,08 9Apart hotel 5,620,000 240,234 24,08 3
EXCLUSIVE RETAIL AND BUSINESS
RELAXATION
DEVELOPMENT PROJECT OF THE TBILISI SEA
CAPEX. NPV. IRR. P.B. (Year) Scenic amphitheatre 845,000 24,563 13,26 8Mass event area 914,000 -1,122,000 0,0Luxury ecolodge 4,399,000 1,408,195 17,92 7Wild ecolodge 2,011,000 17,163 12,83 9Camping 647,000 210,375 17,77 7
ECO HOSPITALITY, CAMPING AND MASS EVENTS
CAPEX. NPV. IRR. P.B. (Year) Country club with golfcourse 7,999,000 353,429 13,45
GOLFCOURSE
DEVELOPMENT PROJECT OF THE TBILISI SEA
CAPEX. NPV. IRR. P.B. (Year) Water sports centre 2,216,000 153,381 18,59 7Wakepark 363,000 324,928 24,38 6Marina 2,208,000 -1,338,193 -2,50
WATER SPORTS
SPORTS AND CONGRESSIONAL
CAPEX. NPV. IRR. P.B. (Year) 5,211,000 3,648,000 20,93 7
Land sports centre 17,829,000 -799,815 10,59Sport hotel 2,245,000 869,615 17,95 7
324,000 -142,209 0,72 519,000 84,447 15,40 8
Equestrian centre 220,250 71,928 16,14 9
DEVELOPMENT PROJECT OF THE TBILISI SEA
OTHER BUSINESS ACTIVITIES
CAPEX. NPV. IRR. P.B. (Year) Water tram 585,000 -283,606 2,01Fly spot 787,000 2,678,897 19,10 7Party boat 4,579,000 1,283,018 17,09 7Cable car 33,329,000 23,346,190 -15,21
PROJECT DESCRIPTION
purposes.
with owners for development projects. In case of major investment, City Hall is ready to
investment projects.
Tbilisi sea land usage plan is developed for surrounded 1,100 hectares.
Tbilisi Sea and the surrounding areas are on average 530-580 meters from the sea level.
The reservoir has a length of 8.75 km and a width of 2.85 km. The perimeter of coastline is 26,3 km.
ABOUT TBILISI SEA
THE PRIVATIZATION OF MEDICAL INSTITUTIONS
Project Overview
THE PRIVATIZATION OF MEDICAL INSTITUTIONS
Project Descrip n
THE PRIVATIZATION OF MEDICAL INSTITUTIONS
NAME ADDRESS REGISTERED LAND AREA (SQ.M)
FLOOR AREA (SQ.M)
Polyclinic N16 01.19.27.001.013 5,153 3,925.60
Family Medicine Center N4 01.17.07.045.002 2,858 5,914.07
01.16.05.013.021 2,947 2,344.49
N3 Didube, Paichadze str. 01.13.08.006.044 6017 5607
N3 Didube, Z.Chavchavadze str. 01.13.03.024.003 845 2155
01.20.01.087.008 1,509 548.5
Kojori Medical clinic Kojori 81.01.05.785 &81.01.06.342.01.009 17703 444
Kojori Medical clinic Tabakhmela 81.02.08.512 2148 138
Polyclinic for Adults N25 Samgori District 1.19.23.018.011 1,766 1,807.97
Dastakari Village Digomi 01.72.14.022.093 1345 409.53
Cardiology Hospital 1.16.05.013.028 1,823 2,110
THE LOCATION OF MEDICAL INSTITUTIONS TO BE PRIVATIZED
HEALTHCARE AND SOCIAL INSURANCE MARKET OVERVIEW
Healthcare and social insurance market 2013 2014 2015 2016 *
Market size (million USD) 671.30 759.80 826.30 634.61
business growth rate (%) 13% 9% 2%
* 3 quarters of year 2016
Insured by state program
More than 21 Mln.2500000
2000000
1500000
1000000
500000
0
Insured by private companies
- 258
- 117
III quarters of year 2016
IMPORTANT FIGURES
Source: Ministry of Finance / National Bank of Georgia / Geostat.ge
DEMOGRAPHY
IIIIMMMMPPPOOOORRRRRRRTTANT FTT IGUUURRES
Source: MiMM nistry yr oof fffoo FiFF nance / NaNN tional Baank k of fffffffo Georgr ia / Geostatt t.gett