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Private sector and human-resource development in Georgia

Курсовой проект - Экономика

Другие курсовые по предмету Экономика

ical assistance of the WB.

  • Assign an adequate Inspection, Investigation and Enforcement power, including the criminal prosecution authority to the National Securities Commission of Georgia (NSCG);
  • Increase the budgetary support of the NSCG;
  • Make the NSCG accountable to the President of Georgia;
  • Develop the code of ethics for NSCG;
  • Develop the program to supervise SelfRegulatory Organizations (SROs);
  • NSCG installs the market surveillance and stock watch system.
  • Power of the NSCG is increased (Objective 40);
  • Budgetary support of the NSCG is increased (Objective 37);
  • Accountability of the NSCG is increased (Objective 36);
  • Code of ethics for the NSCG staff is developed (Objective 38);
  • Program to supervise Self Regulatory Organizations (SROs) is developed (Objective 39);
  • The NSCG does function in an effective manner (Objective 39);
  • Regulations are enforced in an effective manner (Objective 42);
  • Trading transparency is enforced (Objective 43);
  • Unfair trading is deterred (Objective 44);
  • Fairness of Market is ensured (Objective 45).
  • NSCG has the criminal prosecution authority;
  • Budget allocations to NSCG is increased;
  • Rules are in place that make the NSCG accountable to the President of Georgia;
  • The code of ethics for NSCG is in place;
  • The program to supervise SROs is in place;
  • Trades are conducted in a transparent manner/information is easily available;
  • Facts of unfair trading are detected and/or deterred.PoG
    • NSCG GSE
  • 6 months 1 year
  • In consultation with the IOSCO.
  • Special training courses are conducted for the judges dealing with corporate disputes/ protection of shareholders rights.
  • Georgian court system is improved (Objective 32);
  • Shareholders rights are enforced adequately (Objective 31);
  • Fairness of Market is ensured (Objective 45).
  • Judges have sufficient knowledge of corporate/securities laws;
  • Number of complaints against judges is reduced.
    • MoJ NSCG GSIA
  • 6 months

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    1. Joint Stock Companies not traded at Georgian Stock Exchange

     

    Kazbegi JSCSector:Consumer GoodsGSE Ticker:KAZBSummary Information:

    • Kazbegi JSC is the leading Georgian brewery and producer of non-alcoholic drinks, coffee, cigarettes, etc.;
    • Last year the company reported an impressive 75% increase in annual sales to GEL 9.4 mln., although the sales figure fell somewhat behind the management's ambitious estimate of GEL 12 mln.;
    • Net profit of the company increased by 18% to GEL 1.4 mln., translating into EPS of GEL 0.51;
    • Capital expenditures amounted to GEL 1.7 mln. that were mainly used for modernizing the existing facilities;
    • The company's assets grew by 21% over the year to reach GEL 7.7 mln.;
    • The company's equity increased by 25% and amounted to GEL 5.6 mln.;
    • The company continues to pay dividends, which amounted to GEL 240 thousand or GEL 0.086 per share. At current prices dividend yield amounts to 3%.Source: Galt & Taggart

    Kazbegi JSC - SummaryCurrent Price (GEL)2.50Year High (GEL)2.50Year Low (GEL)2.50Market Capitalization (GEL mln.)7.0Shares Outstanding (mln.)2.8Free Float (%)42.7Free Float (GEL mln.)3.0Source: Galt & Taggart

    Kazbegi JSC Key Figures (IAS)Year Ending December 3120012002Net Sales (GEL mln.)5.49.4Net Income (GEL mln.)1.21.4EPS (GEL)0.430.51Total Assets (GEL mln.)6.37.7Equity/Assets (%)70.873.2ROA (%)19.018.2ROE (%)26.824.9Book Value per Share (GEL)1.602.00P/E5.774.91P/BV1.571.25Sources: Kazbegi, Galt & Taggart

    Kazbegi JSC Valuation (Refer to Annex 1)Valuation LimitsTrue Value (GEL mln.)True Value/Market Cap.Low15.02High22.53

    BANK OF GEORGIA JSCSector:Financial ServicesGSE Ticker:GEBSummary Information:

    • Bank of Georgia JSC is the country's leading commercial bank;
    • Last year the company reported about 6% increase in annual sales to GEL 36.6 mln.;
    • Net profit of the company has decreased by about 7% in 2002 mainly due to higher administrative expenses;
    • The Earning Per Share (EPS) in 2002 was GEL 0.72;
    • The company's assets grew by remarkable 30% over the year to reach GEL 176.7 mln.;
    • The company's equity increased by 13% over the last year and amounted to GEL 46.6 mln.;
    • The company continues to pay dividends, which amounted to GEL 2 mln.or GEL 0.20 per share. Source: Galt & Taggart

    BANK OF GEORGIA JSC - SummaryCurrent Price (GEL)1.55Year High (GEL)1.90Year Low (GEL)1.00Market Capitalization (GEL mln.)15.5Shares Outstanding (mln.)10.0Free Float (%)47.6Free Float (GEL mln.)7.4Source: Galt & Taggart

    BANK OF GEORGIA JSC Key Figures (IAS)Year Ending December 3120012002Net Sales (GEL mln.)34.436.6Net Income (GEL mln.)7.77.1EPS (GEL)0.780.72Total Assets (GEL mln.)135.6176.7Equity/Assets (%)30.535.8ROA (%)5.74.0ROE (%)18.616.5Book Value per Share (GEL)4.135.14P/E2.022.15P/BV0.380.30Sources: Bank of Georgia, Galt & Taggart

    BANK OF GEORGIA JSC Valuation (Refer to Annex 1)Valuation LimitsTrue Value (GEL mln.)True Value/Market Cap.Low50.83.3High68.64.4

     

    1. Human-Resource Development in the Private Sector

     

     

    1. Business Schools/Universities

     

    European School of Management (ESM).

    Data Sheet.

    1. European School of Management ESM-Tbilisi
    2. 40, Vazha Pshavela Ave. 1077, Tbilisi, Republic of Georgia
      Tel.: (995-32) 39 68 64
      Fax: (995-32) 37 55 16
      e-mail: esmtbs@gol.ge
      Internet: esm-tbilisi.ge
    3. Simon Kadagidze
    4. Mission of European School of Management in Tbilisi (ESM-Tbilisi) is to create a new Georgian management elite - professionally thinking and professionally acting under market economy managers providing high quality management education using modern and innovative teaching technologies and highly qualified faculty.
    5. LTD, Nonprofit
    6. Self financed through students tuition fees
    7. 1992
    8. 20
    9. 87
    10. 4 - Undergraduate Program, Graduate Program, Base Certificate Program, Foundation Program
    11. 224+46+58+50
    12. Look the attached sheets
    13. Undergraduate 4 years
      Graduate 2 years
      Base Certificate Program 7 months
      Foundation Program 1 year
    14. Undergraduate- 224
      Graduate- 46
      Base Certificate Program- 58
      Foundation Program- 50
    15. School leavers and young professionals
    16. Undergraduate Program - secondary school leavers with certificate
      Graduate Program - young people with min bachelor
      diplomas and min 2 years experience
      Base certificate program- any person with high education
      Foundation Program- secondary school leavers or students
      in their last school year
    17. Undergraduate- $ 2200/ year
      Graduate- $ 3500
      Base Certificate Program- $ 1200
      Foundation Program- $ 1000
    18. Entrance examinations, visiting schools with presentation, visiting educational fairs, marketing campaign through an advertising agency
    19. Georgian with good command of either English or German languages.
    20. Undergraduate- Bachelor of Business Administration
      (General Management)
      Graduate- Master of Business Administration
      (General Management, Finance, Marketing)
      Base Certificate Program - Certificate
    21. $ 2000/yearThe ESM Evening & Weekend MBA Program, A Curriculum 2003-2005

     

     

     

    1. Government Sponsored Training Programs

     

    GEPA's In-Company Export Marketing Programme.
    The objective of GEPA's new programme is to increase the export capabilities of Georgian companies. An integrated programme has been designed to assist Georgian companies to systematically plan and prepare for export marketing. The programme includes in-company export market development, training, the organisation of inward and outward missions and a cost sharing grant scheme.


    The in-company programme involves GEPA's Export Advisers working closely with individual companies to establish an export marketing function. Participating companies will be assisted and guided through the process of defining their objectives and capabilities, the first step in the process. They will be shown how to identify suitable markets and have access to all the information sources in the Export Information Centre. They will then be in a position to draw up a realistic export marketing strategy. GEPA staff will help them to prepare for exporting and to