Private sector and human-resource development in Georgia

2.15

P/BV

0.38

0.30

Sources: Bank of Georgia, Galt & Taggart


BANK OF GEORGIA JSC Valuation (Refer to Annex 1)

Valuation Limits

True Value (GEL mln.)

True Value/Market Cap.

Low

50.8

3.3

High

68.6

4.4


 

4.3  Human-Resource Development in the Private Sector



4.3.1        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/year

The ESM Evening & Weekend MBA Program, A Curriculum 2003-2005


 


4.3.2        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 implement their defined strategy.


In working through the programme, training needs will be identified and addressed and some financial assistance may be available to assist companies in financing eligible actions they need to take to prepare for exporting. Participating companies will have in place a system for reviewing and redefining their export marketing strategies on an on-going basis. This will enable Georgian companies to anticipate and to be prepared for the ever changing marketing environment, rather than just reacting to it.


During recent weeks GEPA staff has been visiting companies to explain the programme in detail. Four companies have already begun the first stage of the programme and another four will be added over the next few weeks. Companies committed to developing an achievable export marketing strategy and willing to devote time and effort to the process are invited to contact GEPA.




5.    Other Donors Activities


5.1  The World Bank and IMF

 

5.1.1        List of the Active World Bank Projects in Georgia

Projects under implementation

Commitment
(US$ million)

Develpt. Objective

Impl.

Progress.

Approval Date

Signing Date

Closing Date

Social Investment Fund

25.0

S

S

12/11/97

06/05/98

12/31/03

Primary Health Care Dev.

20.3

S

S

08/01/02

05/06/03

12/31/07

Education 1 (APL)

25.9

S

S

03/20/01

12/03/01

06/30/05

Social Investment Fund 2

15.0

S

S

05/15/03

08/29/03

09/30/07

Roads Project

40.0

S

S

05/25/00

01/31/01

12/31/04

Electricity Market Supp.

27.4

S

S

05/03/01

09/26/02

12/31/05

Energy Transit Institution

9.6

S

S

03/13/01

11/19/01

07/31/05

Municipal Development 2

19.4

S

S

08/01/02

02/19/03

06/30/06

SAC3

: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54