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1. “ANAKLIA DEVELOPMENT CONSORTIUM”: THE PORT WILL COMMENCE OPERATION NO LATER THAN IN 3 YEARS AFTER CONSTRUCTION LAUNCH
   (Daily News: July 15, 2016)

   Anaklia Development Consortium declared that Anaklia deep-water port will commence operation no later than in 3 years after launch of the construction. The works will be conducted in several phases.

2. REMITTANCES FROM GEORGIA INCREASED IN Q2 BY 15.4% Y-O-Y
   (Daily News: July 15, 2016)

   National Bank of Georgia reported that remittances, transferred from Georgia abroad in the 2^nd quarter, totaled to $48.63 million. If compared with the same period of 2015, the volume has increased by 15.4%.

3. Liberali: “CASE OF “CENTER POINT” – POLITICS OR JUSTICE”
   (Economic Press Monitor: July 15, 2016)

   Four representatives of Center Point Group, being accused of advance plot for in-group misappropriation and embezzlement of money, are under pre-trial arrest now, the magazine states.

   The matter concerns embezzlement of 20 million lari in 2004-2010, so that in case if the mentioned individuals are found guilty, they will be sentenced for imprisonment of 7 to 11 years.

4. Tabula: “CHURCH SPENT 63M LARI OF TAXPAYERS IN 2014-2015”
   (Economic Press Monitor: July 15, 2016)

   Tolerance and Diversity Institute (TDI) and Humans Right Education and Monitoring Center (EMC) published data on the state funding of Georgian Orthodox Church in 2014-2015.

   According to the study, Georgia’s Patriarchate received 63.17 million lari from the state in 2014-2015, the magazine says.

5. LAND PLOTS HANDED OVER TO “NEW GEORGIAN TEA” IN LEASING
   (Daily News: July 14, 2016)

   According to the government’s decree, state-owned land plots have been given in rent to New Georgian Tea within “Georgian Tea” state program.

   The matter concerns 4 land plots with total area of 53.53 ha, located in Laituri village (Ozurgeti municipality of Guria region).

6. EBRD ALLOTTED $100M TO “MAGTICOM”
   (Daily News: July 14, 2016)

   Georgian telecoms company MagtiCom declared about allocation of credit of $100 million by EBRD. As the operator said, the loan will be used for improvement and expansion of its broadband penetration in regions of the country.

7. TURKISH “REY AIRLINES” PLANS ESTABLISHMENT OF AIR COMPANY IN GEORGIA
   (Daily News: July 14, 2016)

   TAV Georgia (operator of Tbilisi and Batumi airports) reported that Turkish air carrier Rey Airlines plans establishment of air company under Georgian flag. This company will perform flights from Batumi International Airport.

8. “RAPID ENGINEERING&CONSTRUCTION” TO CONDUCT REHABILITATION OF TELAVI-AKHMETA SECTION OF GAS PIPELINE
   (Daily News: July 14, 2016)

   Georgian Oil and Gas Corporation announced that Georgian company Rapid Engineering&Construction will conduct rehabilitation of Telavi-Akhmeta section of Kakheti gas main pipeline.

   The matter concerns section, having length of 27 km.

9. JOHANNES HAHN: I AM SURE THAT VISA LIBERALIZATION WILL BE POSSIBLE NO LATER THAN EARLY OCTOBER
   (Daily News: July 14, 2016)

   Johannes Hahn, European Commissioner for European Neighborhood Policy and Enlargement Negotiations, declared in Tbilisi that “I am sure that visa liberalization will became available for Georgia no later than early October”.

   “We spare no effort to ensure this and vast majority of member states as well as European Parliament support this idea, because there is a broad understanding and acknowledgement that Georgia has fulfilled all its conditions”, Hahn said (quotas are provided according to report of administration of Georgian government).

10. Forbes Georgia: “GEORGIAN LOTTERY – WHEN NOBODY WINS”
    (Economic Press Monitor: July 14, 2016)

    The magazine says that story of Georgian Lottery Company began in 2009, when it won a special tender organized by the Finance Ministry.

    As a result, it received the exclusive rights to organize and conduct national lotteries.

11. Bankebi da Finansebi: “WHAT MERGER OF “BASISBANK” AND “REPUBLIC” WILL CHANGE ON BANKING MARKET”
    (Economic Press Monitor: July 14, 2016)

    Chinese Hualing Group decided to buy major stack in bank Republic of French Societe Generale and to merge it with Basisbank.

    Within the mentioned deal, Hualing Group cooperates with Shanghai investment management company Tuhong International (financial adviser), KPMG (financial and tax consultant) and Georgian legal company BLF (legal adviser), the article reports.

12. Bankebi da Finansebi: “PROPER ARBITRAL INSTITUTION DETERMINES ATTRACTIVENESS OF THE COUNTRY’S INVESTMENT ENVIRONMENT”
    (Economic Press Monitor: July 14, 2016)

    Zviad Kordzadze, member of board of Georgian International Arbitration Center, says that “Situation, recently created in the court, when number of cases, being subjected to each judge, exceeds several hundreds, caused protraction of business disputes”.

    “At the same time, mechanisms of guaranty, seizure of accounts, prohibition of activity are wrongly used; even in case of an appeal, the mentioned decisions remain effective for 2 months, causing problems for businesses”, Kordzadze points.

13. “GEORGIAN AIRWAYS” TO PERFORM DIRECT FLIGHTS TO SAUDI ARABIA
    (Daily News: July 13, 2016)

    TAV Georgia announced that Georgian air carrier Georgian Airways will conduct direct charter flights to Saudi Arabia from July 13 until September 18.

    Flights on Tbilisi-Dammam-Tbilisi route will be conducted 3 times a week (Tuesdays, Fridays and Saturdays) by Boeing-735/737 and CRJ-100 aircrafts.

14. TBILISI CITY HALL: PROJECT, SUPPORTING GROWTH OF DESIGN INDUSTRY’S POTENTIAL, TO BE IMPLEMENTED
    (Daily News: July 13, 2016)

    Tbilisi City Hall declared that project “Design from Georgia” will be implemented, aiming boost of design industry’s potential growth in the country.

    Within the project, 5-day interactive seminar will be organized, online communication platform will be launched, conference “Tbilisi – Creative Center of Eastern Partnership Region” will be held.

15. THE GOVERNMENT TO SUBSIDIZE VINTAGE THIS YEAR ALSO
    (Daily News: July 13, 2016)

    The government decided to subsidize vintage this year also. Before the government meeting today, Prime Minister Giorgi Kvirikashvili declared: “The government decided to subsidize different sorts of grape with different pricing”.

16. Tabula: “APPEAL AGAINST CANCELATION OF POLICE EVICTION IS FILED IN CONSTITUTIONAL COURT”
    (Economic Press Monitor: July 13, 2016)

    Georgian Banks Association and Georgian Business Association have filed appeal against cancelation of police eviction in the Constitutional Court, the magazine reports. The action refers to the case of one of citizens, whose ownership rights were restricted due to the mentioned norm, the article specifies.

17. Forbes Georgia: “INCLUSIVE DEVELOPMENT IN GEORGIAN”
    (Economic Press Monitor: July 13, 2016)

    Georgian government names inclusive development of economic a priority, the magazine says. The article brings comments on the subject, provided by the government members, businessmen and experts.

18. Rezonansi: “SECRET COMBINATION AGAINST LARI”
    (Economic Press Monitor: July 12, 2016)

    Currencies of Georgia’s neighbor and trade partner countries are strengthening, while Georgian lari has lost its value by more 3 points over a week, the newspaper writes. A week ago, official exchange rate was 2.3093 GEL/USD, while today it stands at 2.3393 GEL/USD.

19. Eugeorgia.Info: “DUTCH RESEARCH INSTITUTE – IN EU, DEMAND FOR PEPPER IS RAISING”
    (Economic Press Monitor: July 12, 2016)

    Dutch research institute CBI reports that EU pepper market offers great opportunities to developing countries.

    In 2014, pepper import to Europe made up 63,000 t worth 386 million EUR, of which 99% was delivered from developing countries.

20. “CARTU” FUND HANDED OVER CONCERT HALL IN UREKI TO THE STATE
    (Daily News: July 11, 2016)

    Ministry of Economy and Sustainable Development declared that fund Cartu has handed over Black Sea Arena, concert hall of international standards in Ureki (Guria region) to the state. The Minister Dimitri Kumsishvili and head of the fund Nikoloz Chkhetiani signed respective agreement yesterday.

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