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1. GEORGIAN ECONOMY MINISTER DISCUSSED COOPERATION ISSUES WITH SIDA
   (Daily News: June 25, 2014)

   Georgia’s Minister of Economy and Sustainable Development Giorgi Kvirikashvili, being in Sweden with working visit, held a meeting with director general of Swedish International Development Agency (SIDA) Charlotte Petri Gornitzka.

   As the Georgian Ministry said, the discussion touched upon key directions of cooperation, as well as “those reforms, which the government has already conducted and will conduct in future towards European integration”.

2. Ekonomika da Sabanko Sakme: “DETERMINING FACTORS OF THE EXCHANGE RATE”
   (Economic Press Monitor: June 25, 2014)

   The article reviews determinants of the exchange rate on example of Georgia. For simplicity, analysis focuses on exchange rate of lari towards the US dollar.

3. Rezonansi: “RUSSIAN CLUB PREPARES FOR “NAMAKHVANIHES” CONSTRUCTION”
   (Economic Press Monitor: June 24, 2014)

   The article mentions that Russian investors are interested in large energy projects in Georgia. The largest project, which does not have owner yet, is NamakhvaniHES.

4. Kviris Palitra: “NEAREST NEIGHBORS FROM DISTANT ECONOMIC BLOCKS”
   (Economic Press Monitor: June 23, 2014)

   On June 27, Georgia will sign Association Agreement with EU, while neighboring Armenia prepares to join Eurasian Customs Union, the newspaper says.

   The article mentions that Armenia accounts for 11% of Georgia’s export, being composed mainly of re-export of second-hand cars.

5. Versia: “WHY NODAR KHADURI JUMPED ON “SAKSTAT”?”
   (Economic Press Monitor: June 20, 2014)

   According to Sakstat, average salary declined in the 1^st quarter by 13.3%. The same time, Finance Minister Nodar Khaduri declares that income tax, being largely depending on salaries’ volume, has increased.

6. GEORGIAN SIDE CONSIDERS 4-YEAR PLAN OF COOPERATION WITH “MOODY’S”
   (Daily News: June 19, 2014)

   Ministry of Economy and Sustainable Development reported that the Minister Giorgi Kvirikashvili met today with leadership of rating agency Moody’s.

   As the Ministry said, the sides have discussed 4-year plan of cooperation and economic development.

7. Rezonansi: “NEW ATTACK OF RUSSIAN CAPITAL”
   (Economic Press Monitor: June 19, 2014)

   The newspaper reports that group of Russian businessmen, which includes members of Russian Orthodox Maecenas’s Club, who are interested in investing in energy.

   Experts advise the government to take in consideration experience of the US and many European countries and take Russian investments in strategic field with big care, the newspaper says.

8. PRELIMINARY DATA: TBILISI MAYOR’S CANDIDATE FROM RULING “GEORGIAN DREAM” GOT 46.11%, ONE FROM OPPOSITIONAL “NATIONAL MOVEMENT” – 27.94%
   (Daily News: June 16, 2014)

   According to Central Election Commission’s latest preliminary data (as of 18:00), voting results are summarized for 719 out of 729 precincts of Tbilisi. Candidate for Tbilisi Mayor’s office from ruling Georgian Dream coalition David Narmania got 46.11%, while his main rival from oppositional National Movement Nika Melia – 27.94%.

9. GEORGIA TO GET 80M EUR FOR WATER SUPPLY’S REHABILITATION
   (Daily News: June 13, 2014)

   Wilhelm Molterer, vice-president of EIB (European Investment Bank), signed the project agreement today with Archil Tsabutashvili, director general of United Water Supply Company of Georgia, and Giorgi Somkhishvili, executive director of Municipal Development Fund of Georgia, envisaging refurbishment and upgrading of municipal water facilities in Georgia.

   Within the agreement, which signing ceremony took place within EU-Georgia investment conference in Tbilisi, EIB allots loan of 40 million EUR, aiming maintenance continuity of the water supply, reduction of water leakages in the water supply system and improvement of water quality in 28 cities of Georgia during 5 years.

10. NBG PRESIDENT: DEBT SERVICING BURDEN IS VERY HIGH IN PART OF GEORGIAN POPULATION
    (Daily News: June 12, 2014)

    President of National Bank of Georgia Giorgi Kadagidze considers that burden of debt servicing is very high in part of Georgian population. In case of debts’ further growth, there may appear big danger, he declared after meeting with local banks’ management today.

11. The Financial: “CHINA AND UKRAINE TO REPLACE KAZAKH MARKET FOR GEORGIA”
    (Economic Press Monitor: June 11, 2014)

    Eurasian Economic Union will negatively affect Georgia’s economic relations with the Union members Belarus, Kazakhstan and Russia, if their combined economic policy will be used as a tool against Georgia, said Giorgi Tsimintia, head of Association of Young Economists of Georgia.

    “A Russian embargo is not expected in the coming months from today’s outlook”, said Besik Namchavadze, economist at Policy and Management Consulting Group (PMCG).

12. Rezonansi: “KAKHETI PEACH CRISIS IS APPROACHING”
    (Economic Press Monitor: June 10, 2014)

    Peach harvesting will start in 2 weeks, while authorities have to settle multiple problems of farmers during this short period, the newspaper says. As Kakheti farmers state, peach harvest will good this year also, but “everything is vague” regarding its selling.

13. ECONOMY MINISTRY: MAIN PART OF THE GOVERNMENTAL PLAN ON TSKALTUBO REHABILITATION AND DEVELOPMENT TO BE COMPLETED IN SEVERAL MONTHS
    (Daily News: June 9, 2014)

    Economy and Sustainable Development Ministry declared that main part of the governmental plan on Tskaltubo resort’s rehabilitation and development will be completed in several months.

    Economy and Sustainable Development Minister Giorgi Kvirikashvili and Regional Development and Infrastructure Minister Elguja Khokrishvili have acquainted with local infrastructural projects and ongoing construction these days.

14. CHARGES OF LARGE ILLEGAL INCOME’S LEGALIZATION BROUGHT AGAINST EX-HEAD OF “GEORGIAN LOTTERY COMPANY”
    (Daily News: June 9, 2014)

    Investigative Service of the Finance Ministry declared that director of offshore-registered Eximus Holding (the Service claims that its owner is ex-minister f defense David Kezerashvili) Aleksandre Gogokhia is accused of large legal income’s legalization.

    As Gogokhia (ex-head of Georgian Lottery Company) refrains from visit to Georgian law enforcement bodies, he was accused in absentia, the Service said.

15. Versia: “NATIONAL BUSINESS-INTERESTS OF GIGI UGULAVA’S BROTHER-IN-LAW”
    (Economic Press Monitor: June 6, 2014)

    The article reports that the Finance Ministry’s Investigative Service has detained Giorgi Goniashvili, brother-in-law of former Tbilisi mayor Gigi Ugulava, accusing him of funding through offshore companies of oppositional National Movement. Years ago, Goniashvili worked in guard of President Mikheil Saakashvili, the newspaper points.

16. Rezonansi: “WHAT CAUSED LOSS OF JOBS”
    (Economic Press Monitor: June 6, 2014)

    According to Sakstat, business sector employed 495,700 people in the 1^st quarter, which is by 23,300 peoples less that in the same quarter of 2013.

    Expert Nodar Kapanadze does not exclude that this decline was caused by seasonal factor.

17. IDFI: ECONOMY AND SUSTAINABLE DEVELOPMENT MINISTRY IS ONE OF THE MOST UNACCOUNTABLE PUBLIC INSTITUTION
    (Daily News: June 5, 2014)

    Institute for Development of Freedom of Information (IDFI) declared that within conducted survey, Economy and Sustainable Development Ministry appeared the only participant, which refused provision of information regarding internal audit.

    IDFI declared that it has published detailed results of survey in response of declaration of the Minister Giorgi Kvirikashvili, who said that the Ministry does not refuse disclosure of public information to anyone.

18. ECONOMY MINISTRY: INTERNATIONAL DONORS EXPRESSED DESIRE TO SUPPORT PROGRAM “PRODUCE IN GEORGIA”
    (Daily News: June 5, 2014)

    Georgia’s Economy and Sustainable Development Ministry declared that heads of missions of international donor organizations, operating in Georgia, have acquainted with main directions of state program “Produce in Georgia”.

    Representatives of donor organizations expressed desire to support Georgian government in successful implementation of the mentioned program, the Ministry pointed.

19. REGIONAL DEVELOPMENT AND INFRASTRUCTURE MINISTRY: “ELSAMEX GROUP” BECAME INTERESTED IN GEORGIAN INFRASTRUCTURAL PROJECTS
    (Daily News: June 4, 2014)

    Georgian Regional Development and Infrastructure Ministry declared that Indian construction-investment company Elsamex Group became interested in infrastructural projects implementation in Georgia.

    Deputy Minister Giorgi Amashukeli has met with representatives of the company today.

20. GEORGIA’S PREMIER DISCUSSED ONGOING PROJECTS WITH EXECUTIVE DIRECTOR OF “BP GROUP”
    (Daily News: June 4, 2014)

    Press service of Georgia’s Prime Minister reported that Irakli Garibashvili has discussed economic and infrastructural projects, being underway in Georgia, with executive director of BP Group Robert Dudley. As press service said, Dudley has provided Garibashvili with updated information on Shakh Deniz project’s implementation.

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