“Despite the hard conditions in the regions, investors positively estimate Georgian Railway and Georgian economy”, – Mamuka Bakhtadze, general director of Georgian Railway declares and makes a note on the trend fixed on the securities of the company.
CEO, one of the largest shipping companies of the country says, that Railway bonds have one of the best periods since their placement (2012).
“Our bond price is correctly and objectively reacted on London Stock Exchange, which is the best cost. We can say that our bonds have one of the best periods, which is characterized by high liquidity and low profitability,” – Mamuka Bakhtadze declared to TV-program BusinessContact.
It should be noted, that Georgina Railway bonds (GRAIL) were traded at 110.5 (+0.1% comparing to the previous week) with a profitability of 5.5%.
General Director of Georgian Railway expects cargo turnover increase, but declares that it is difficult to predict it in the turbulent environment in which the economy of Central Asia has appeared, though he also notes a 25% increase of cargo. Moreover, he expects cargo turnover increase by 20% this year.