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`oqros siaSi~ xelisuflebis favoritebi Sevlen~ - banksandfinance.ge

`oqros siaSi~ xelisuflebis favoritebi Sevlen~ - banksandfinance.ge

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#159<br />

ivnisi<br />

ivnisi<br />

pekinma aviawarmoebaSi Tavisi sityvis Tqma<br />

gadawyvita. CineTis masobrivi informaciis sa-<br />

Sualebebi ori Cinuri saxelmwifo aviakoncernis<br />

gaerTianebis Sesaxeb iuwyeba, romelic<br />

samgzavro TviTmfrinavebs gamouSvebs. CineTis<br />

<strong>xelisuflebis</strong> es gadawyvetileba xels Seuwyobs<br />

am sferoSi ucxoeli investorebis mozidvas.<br />

aRsaniSnavia, rom aviasfero CineTSi Tavdacvis<br />

uwyebis kontrols eqvemdebareba.<br />

msxvili koncerni aviakompaniebis AVIC Isa<br />

da AVIC II-is gaerTianebis Sedegad unda<br />

Seiqmnas. aviamSenebeli kompania AVIC I 47 Svilobil<br />

da 31 samecniero-kvleviT da saproeqto<br />

dawesebulebas moicavs, romelSic 240<br />

aTasi adamiania dasaqmebuli da romelic axal<br />

Cinur aviagamanadgurebel Jian 10-s uSvebs.<br />

kompaniam regionaluri axali samgzavro<br />

TviTmfrinavi ARJ 21 Seqmna, romelsac mim-<br />

www.<strong>banksandfinance</strong>.<strong>ge</strong><br />

CineTi<br />

aviawarmoebas<br />

afarToebs<br />

Cinuri avialaineri Airbus-sa da Boeing-s konkurencias gauwevs<br />

msoflio<br />

inflaciis gamo<br />

SeSfoTebulia<br />

msoflio banki msoflio<br />

ekonomikis Senelebul<br />

ganviTarebas prognozirebs<br />

msoflio bankma morigi moxseneba gamoaqveyna,<br />

romlis Tanaxmadac 2008 wels msoflioSi<br />

2,7%-mde Sesustdeba da Seferxdeba<br />

ekonomikis zrda. ZiriTad da mTavar problemad<br />

rCeba energomatareblebsa da sursaTze<br />

mzardi fasebi da finansuri krizisi, romelic<br />

amerikaSi dakreditebis krizisiTaa gamow-<br />

veuli. amasTan, rogorc moxsenebaSia naTqvami,<br />

ekonomikis zrdis tempi gacilebiT sagrZnobi<br />

iqneba ganviTarebul qveynebSi (amerika, iaponia,<br />

evrokavSiris qveynebi), vidre ganviTarebad<br />

qveynebSi. msoflio bankis eqspertebis monacemebiT,<br />

ganviTarebadi qveynebis ekonomikis zrda<br />

7,8%-dan 6,5-mde Semcirdeba, amerikis<br />

ekonomikuri zrda 1,1% iqneba, rac orjer<br />

naklebia gasul welTan SedarebiT, iaponiaSi<br />

ekonomikuri zrda 1,4%-ia navaraudevi, xolo<br />

evrozonis qveynebSi - 1,7%. ekonomikis eqspert-<br />

Ta azriT, amerikis ekonomikaSi pozitiuri<br />

Zvrebi mxolod momavali wlisTvisaa navaraudevi,<br />

xolo Zvel siZlieresa da stabilurobas<br />

amerika mxolod ramdenime wlis Semdeg,<br />

daaxloebiT, 2010 wlisTvis daibrunebs.<br />

eqspertebi evrozonis qveynebis ekonomikis<br />

arastabilurobis gamoc gamoTqvamen SeSfoTebas.<br />

ekonomikis arastabilurobas evropaSi<br />

mzardi inflaciac uwyobs xels, ris gamoc<br />

evropis centraluri banki iZulebulia SeinarCunos<br />

maRali saprocento ganakveTi.<br />

eqspertebi am faqtsac uaryofiTad afaseben<br />

da miiCneven, rom samomavlod aseTma politikam<br />

SesaZlebelia seriozuli uaryofiTi<br />

Sede<strong>ge</strong>bi gamoiwvios.<br />

dinare wlis seqtemberSi gamouSvebs. kompaniis<br />

mesveurebi imedovneben, rom am modelis<br />

TviTmfronavi Cinuri aviabazris 60%-s daikavebs.<br />

SedarebiT mcire moculobisaa meore aviamSenebeli<br />

kompania AVIC II. is ZiriTadad samoqalaqo<br />

da samxedro TviTmfrinavebs uSvebs.<br />

unda aRiniSnos, rom CineTSi es bazari sustadaa<br />

ganviTarebuli imdenad, ramdenadac sahaero<br />

sivrce samoqalaqo TviTmfrinavebisaTvis<br />

daketilia. am ori aviamSenebeli kompaniis<br />

gaerTianebis zusti dro da TariRi jerjerobiT<br />

ucnobia. savaraudod, es ivlisSi moxdeba.<br />

cnobilia axali koncernis saxeli da is<br />

ase JRers: China Aviation Industry Corp. koncernis<br />

mizani iseTi axali laineris gamoSvebaa,<br />

romelic konkurencias aviasferos<br />

liderebs Airbus-sa da Boeing-s gauwevs. qvey-<br />

msxvili evropuli navTobkompaniis Royal<br />

Dutch Shell Pic-is benzingadamzidavi mZRolebi<br />

xelfasis momatebis moTxovniT gaificnen.<br />

isini xelfasis momatebas 13,2%-iT iTxoven.<br />

msoflio ekonomika<br />

nis xelmZRvaneloba miznad isaxavs, rom 2020<br />

wlisTvis CineTis mier gamoSvebuli axali avialaineriT<br />

150 mgzavri ifrens. axali laineris<br />

gamosaSvebad pekini 60 mlrd. iuenis (6<br />

mlrd. evros) investirebas <strong>ge</strong>gmavs.<br />

axal wamowyebasTan dakavSirebiT, eqspertebi<br />

miiCneven, rom CineTi axali lainerebis gayidvas<br />

realurad mxolod 20 wlis Semdeg SeZlebs, radganac<br />

am qveyanas seriozuli gamocdileba TviTmfrinavebis<br />

mSeneblobaSi ar gaaCnia.<br />

amerikuli koncernis Boeing-is warmomad<strong>ge</strong>nlebis<br />

SefasebiT, uaxlesi 20 wlis ganmavlobaSi<br />

CineTis moTxovna samgzavro TviTmfrinavebze<br />

2100-2400 erTeuli iqneba. am<br />

raodenobis TviTmfrinavebis parkis Rirebuleba<br />

200 mlrd. dolaria, kompania Airbus-is prognoziT<br />

ki, CineTis moTxovna TviTmfrinavebze<br />

3 aTass miaRwevs.<br />

britaneTis benzingasamarTi sadgurebis<br />

10%-ma gaficvis gamo muSaoba<br />

ver moaxerxa. satransporto kompania<br />

Hoyer Gmbh Internationale da<br />

Suckling Transport Ltd, romelTanac<br />

Shell-s kontraqti aqvs dadebuli,<br />

Seqmnili mdgomareobis gamo profkavSirebTan<br />

molaparakebebs awarmoeben.<br />

mZRolebi dReisaTvis 48 saa-<br />

Tian kviraSi imave Tanxas iReben,<br />

rasac 1992 wels 37 saaTianSi. es<br />

weliwadSi 31,6 aTasi funti sterlingia<br />

(61,4 aTasi dolari). mZRolebi<br />

profkavSiruli gaerTianeba<br />

Unite-is meSveobiT awarmoeben molaparakebebs.<br />

masSi 641 adamiania<br />

gaerTianebuli. mZRolebi xelfasis<br />

gazrdas 46 aTas funtamde (89,4 aTasi dolari)<br />

iTxoven. isini amboben, rom navTobze fasis<br />

zrda Sesabamisad zrdis energokompaniis<br />

Semosavlebs, Tumca es zrda satransporto<br />

amerikul amerikul bankebs bankebs 65<br />

65<br />

mlrd. mlrd. dolaris<br />

dolaris<br />

rekapitalizacia<br />

rekapitalizacia<br />

esaWiroeba<br />

esaWiroeba<br />

9<br />

amerikul bankebs 65 mlrd. dolaris mozidva<br />

dasWirdebaT, raTa sakredito danakar<strong>ge</strong>bis<br />

gamo dasustebuli TavianTi balansebi aRadginon,<br />

- miiCnevs Goldman Sachs-i (GS). aRsaniSnavia,<br />

rom amerikulma bankebma sakredito krizisis<br />

dros dakarguli finansebis gamo 120 mlrd.<br />

dolari ukve moizides. rogorc GS prognozirebs,<br />

mimdinare wlis mesame kvartlidan<br />

amerikis safinanso seqtoris danakar<strong>ge</strong>bi<br />

gaizrdeba, dakreditebis bazris mdgomareoba<br />

ki binebze fasis vardnis gamo gauaresdeba. rac<br />

Seexeba bankebis sakredito problemebs, GS-is<br />

analitikosebs miaCniaT, rom is piks 2009 wlis<br />

pirvel kvartalSi miaRwevs. bankebis mier TavianTi<br />

aqciebis gayidvis gziT balansebis gajansaReba,<br />

GS-is analitikosebis azriT, sul<br />

ufro da ufro rTuli xdeba, radganac investorebi<br />

da aqcionerebi TavianTi kapitalis<br />

gazrdis am gzas, Seqmnili realobidan gamomdinare,<br />

saeWvod miiCneven. im 42 gari<strong>ge</strong>baTagan,<br />

romelsac GS-i Tvals adevnebda, mxolod 4<br />

damTavrda investorTaTvis warmatebulad. maT<br />

mier Sesyiduli aqciebis fasi sabazro<br />

ekonomikis fasze dabalia.<br />

GS-is eqspertTa mosazrebebs nawilobriv<br />

iziarebs Charles Stanley & Co-is mTavari ekonomisti<br />

edvard minkSi, Tumca miaCnia, rom krizisis<br />

yvelaze rTuli etapi gasrulebulia.<br />

Shell-Si didi problemebia<br />

safinanso krizisis<br />

miuxedavad topmenejerebs<br />

bonusebi ezrdebaT<br />

msoflio safinanso krizisis<br />

miuxedavad kompaniebisa da<br />

bankebis top-menejerebi, 2007<br />

wlis arc Tu saxarbielo Sede<strong>ge</strong>bis<br />

miuxedavad, uxvad iqnen dasaCuqrebulni.<br />

bonusebis moculobis mixedviT<br />

liderobs kompania Merrill Lynch-is warmomad<strong>ge</strong>neli<br />

jon teini, romelmac xelfasis garda, jildod 83,1 mln.<br />

dolari miiRo. da es maSin, roca kompaniisTvis 2007 weli, rbilad<br />

rom vTqvaT, warumatebeli iyo. TviTon jon teini Merrill Lynch-is<br />

gasuli wlis Sede<strong>ge</strong>bs axasiaTebs, rogorc `absoluturad miuRebels~<br />

da es logikuricaa, radgan kompaniam 2007 weli 22 mlrd. dolariani<br />

danakargiT daasrula, Tumca, rogorc aRmoCnda, am faqtma<br />

jon teinis dasaCuqrebas xeli mainc ver SeuaSala.<br />

SedarebiT naklebi raodenobis jildo miiRo Goldman Sacgs<br />

Group Inc-is warmomad<strong>ge</strong>nelma loid blenkfeinma, romlis sabonuso<br />

Tanxam 53,9 mln. dolari Seadgina; kompania Mopgan Stanley-is<br />

warmomad<strong>ge</strong>nlis jon mekis bonusi ki 41,7 milioni dolari<br />

aRmoCnda.<br />

statistikas Tu moviSveliebT, 2001 wels amerikaSi kompaniaTa<br />

da zogadad, safinanso seqtoris top-menejerTaTvis gacemulma<br />

Tanxam bonusis saxiT 10,5 mln. dolari Seadgina, 2007 wels ki<br />

53,8 mln. dolari.<br />

britaneli britaneli benzingadamzidavi benzingadamzidavi mZRolebi mZRolebi gaificnen<br />

gaificnen<br />

kompania Hoyer-isa da Suckling-is personalis<br />

Semosavalze ar aisaxeba. am kompaniebTan Shellis<br />

kontraqti aqvs gaformebuli. mimdinare<br />

molaparakebebSi Shell-i monawileobas ar Rebulobs,<br />

radganac mZRolebis xelfasebi subkontraqtorebis<br />

prerogativaa.<br />

Hoyer-isa da Suckling-is warmomad<strong>ge</strong>nlebis<br />

gancxadebiT, kompania Shell-Tan dadebuli xelSekrulebis<br />

pirobebi ar iZleva finansuri<br />

manevris saSualebas, amitom maT profkavSirebs<br />

xelfasis momatebaze uari ganucxades. mxareebi<br />

molaparakebebs kvlavac agrZeleben,<br />

Tumca uSedegod.<br />

Seqmnili mdgomareobis gamo didi britaneTis<br />

premier-ministrma gordon braunma<br />

mosaxleobas da gansakuTrebiT avtomoyvarulebs<br />

mimarTa, romelmac ganacxada, rom<br />

isini ar unda Cavardnen panikaSi da Tavi<br />

aaridon sawvavis mara<strong>ge</strong>bis yidvas. amiT<br />

Tavidan iqneba acilebuli xelovnuri aJiotaJi.<br />

CineTi da iaponia gazis<br />

sabados gamo dazavdnen<br />

iaponiasa da CineTs<br />

Soris sadao gazis sabados<br />

Sesaxeb SeTanxmeba<br />

miRweulia. saqme exeba<br />

CunsiaRes gazis sabados,<br />

romelic zRvis fskerze<br />

ori qveynis - iaponiisa da<br />

CineTis sazRvarze mdebareobs.<br />

SeTanxmebis<br />

Tanaxmad, pekinma iaponias<br />

gazis sabadoze samuSaoebis<br />

warmoebisa da investirebis<br />

ufleba misca.<br />

aRniSnuli sabado<br />

CineTis sazRvarTan ufro axlosaa, vidre iaponiis. am sabados gamo xangr-<br />

Zlivi dava iaponiasa da CineTs Soris gasuli saukunis 70-iani wlebidan<br />

mimdinareobda. SeTanxmebas iaponiisa da CineTis pirvelma pirebma maisSi<br />

gamarTul samitze miaRwies. saerTaSoriso normebis mixedviT, is qveyana,<br />

romlis teritoriazecaa ganTavsebuli sabados ZiriTadi da mTavari nawili,<br />

sabadosgan miRebuli Semosavlis ZiriTadi nawilis mflobelia. am<br />

SemTxvevaSi Semosavlebi imis mixedviT ganawildeba, Tu romeli qveyana ra<br />

raodenobis investicias ganaxorcielebs. sabadoze dazverviT samuSaoebs<br />

kerZo kompaniebi Caatareben. mosalodnelia, rom es SeTanxmeba or aziur<br />

qveyanas Soris sagrZnoblad daaTbobs urTierTobebs, riskenac es ori<br />

qveyana bolo dros namdvilad miiswravis. es mWidro ekonomikur urTier-<br />

TobebTan erTad politikur urTierTobebSic gamoixateba.<br />

gverdi gverdi moamzada<br />

moamzada<br />

moamzada<br />

cico cico cico kaikaciSvilma<br />

kaikaciSvilma<br />

kaikaciSvilma

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