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1. OPPOSITIONAL MPS POINT AT NECESSITY OF ANTI-CORRUPTION COMMISSION’S CREATION
   (Daily News: December 18, 2015)

   Because of facts of systemic corruption, MPs from oppositional United National Movement point at necessity of anti-corruption commission’s creation.

   As MP Giorgi Baramidze noted, “We did not have such facts in the period of our governance”.

2. “SILK ROAD BANK” REPORTED PROFIT FOR Q3, BUT ITS ASSETS AND LIABILITIES DECREASED SIGNIFICANTLY
   (Daily News: December 15, 2015)

   Silk Road Bank reported net profit of 1.76 million lari for the 3^rd quarter. In the same period of 2014, the bank had loss of 4.19 million lari.

3. NBG PRESIDENT: INFLATION SLIGHTLY EXCEEDED A TARGET, BUT IT WAS PREDICTABLE
   (Daily News: December 7, 2015)

   President of National Bank of Georgia (NBG) Giorgi Kadagidze declared that inflation slightly exceeded a target, noting however that it was predictable.

   “According to our forecast, inflation will continue slight growth before the 1^st quarter of the next year and will return to the target in the second half of the year”, Kadagidze said.

4. Netgazeti.Ge: “DRIVERS PROTESTED INTERIOR MINISTRY’S NEW DRAFT BILL WITH COLUMN OF CARS IN TBILISI”
   (Economic Press Monitor: December 7, 2015)

   “Wheel on right side is my right!” – thousands of drivers under this slogan expressed in Tbilisi their protest against of the Interior Ministry’s new draft bill, envisaging ban of right-wheel vehicles’ registration in the country from 2016, the newspaper reports.

   Giorgi Sanaia, member of Legacy Club Georgia and one of the coordinators of the protest action, declares: “Bringing new and good-working right-wheel car from Japan is much cheaper than from America or Germany”.

5. DEPUTY FINANCE MINISTER: BUDGET GROWTH CONDITIONED BY RESULTS OF THIS YEAR’S ECONOMIC GROWTH AND PLANNED AMENDMENTS TO TAX CODE
   (Daily News: December 4, 2015)

   “Budget-2016 is planned on economic growth of 3%; in the submitted version of the budget, tax revenues are increased by 200 million lari and amount to 7.98 billion lari”, Deputy Finance Minister Giorgi Kakauridze declared at the joint meeting of the Parliament’s committees today, while presenting final version of the draft budget.

   He pointed that growth of the budget is conditioned by “results of this year’s economic growth and planned amendments to Tax Code”.

6. MORE TWO ENTERPRISES TO BE ESTABLISHED WITHIN “PRODUCE IN GEORGIA” PROGRAM
   (Daily News: December 3, 2015)

   At the meeting today, the government approved projects of more two enterprises within “Produce in Georgia” state program.

   The first one is food plant, which will be created in Tibaani village of Signagi municipality (Kakheti region).

7. THE GOVERNMENT IS GOING TO BAN REGISTRATION OF RIGHT-WHEEL VEHICLES
   (Daily News: December 3, 2015)

   At the meeting today, the government decided to impose ban on registration of right-wheel vehicles.

   As Interior Ministry Giorgi Mghebrishvili stressed that ban applies to registration and not to transit, re-export or import of right-wheel vehicles.

8. PARTNERSHIP FUND: FIRST BRANDED HOTEL TO BE OPENED IN KUTAISI BY THE END OF 2016
   (Daily News: December 2, 2015)

   Partnership Fund declared that 3-star hotel of international brand will be opened in Kutaisi by the end of 2016. The Fund is engaged in this project jointly with LLC Capitol Holding.

9. PLASTIC TAPS’ MANUFACTURING ESTABLISHED WITHIN “PRODUCE IN GEORGIA” PROGRAM
   (Daily News: November 26, 2015)

   Company Geokep starts manufacturing of plastic taps within “Produce in Georgia” state program.

   The company got land site of 15,003 square m with buildings in Tbilisi (Orkhevi settlement) free of charge.

10. “TBILSERVICE GROUP” AND “CITY OF LIGHT” HAVE NEW HEADS
    (Daily News: November 26, 2015)

    New heads were nominated for LLC Tbilservice Group and LLC City of Light at the meeting of Tbilisi City Hall today. Both these companies are subordinated to the City Hall.

11. Bankebi da Finansebi: “WE PLAN TO START ADDITIONALLY 5 NEW PROJECTS IN 2016, THEIR TOTAL COST WILL BE EQUAL TO BILLION US DOLLARS”
    (Economic Press Monitor: November 26, 2015)

    Giorgi Bachiashvili, executive director of Co-Investment Fund, points that in 2 years after the Fund’s establishment, total cost of projects in its investment portfolio is equal to $2 billion. We implement large-scale projects in energy, agriculture, tourism, real estate and production spheres, he points.

12. CONFERENCE HELD ON CLIMATE CHANGE
    (Daily News: November 25, 2015)

    Tbilisi hosted conference “Climate Change Policy in Georgia” today. Within the conference, Georgia has presented its 3^rd report to the UN Framework Convention on Climate Change.

13. Bankebi da Finansebi: ““SAKARTVELOS BANKI” AGAINST GIORGI KADAGIDZE”
    (Economic Press Monitor: November 25, 2015)

    According to decision of National Bank of Georgia (NBG), commercial banks should abandon non-core businesses before December 31, 2015.

    However, the newspaper refers to experts, who say that the banks started legal separation of non-core assets, while in fact, continue management of their non-core businesses.

14. THE PREMIER AND IMF MISSION CONSIDERED MACROECONOMIC PARAMETERS AND COOPERATION ISSUES
    (Daily News: November 19, 2015)

    Today, Georgia’s Prime Minister Irakli Garibashvili held a meeting with mission of IMF, discussing structural reforms, planned by the government, macroeconomic and budgetary parameters.

    As press service of the government said, attention was paid to capital expenditures’ volume and issues of Georgia-IMF cooperation.

15. GEORGIAN STOCK EXCHANGE PLANS TRADE WITH ELECTRICITY
    (Daily News: November 18, 2015)

    Georgian Stock Exchange announced about plans to start trade with electricity. At this stage, “a day-ahead” scheme is considered.

16. TBILISI MAYOR PRESENTED CANDIDACIES OF HEADS OF CITY SERVICES
    (Daily News: November 18, 2015)

    Today, Tbilisi Mayor David Narmania has nominated candidacies of heads of urban services and head of administration of Vake district. The candidacies were submitted to Sakrebulo (City Council) for approval already today.

17. “SILKNET”: CREATION OF REGIONAL BROADBAND POP IS PLANNED IN TBILISI
    (Daily News: November 17, 2015)

    SilkNet declared about plan on creation of broadband internet regional point of presence (PoP) in Tbilisi. For that end, the company signed respective memorandum with Telecom Italia Sparkle and Turkcell Superonline in Tbilisi today.

18. Bankebi da Finansebi: ““TWIST” OF “SILKNET” AND “GEOCELL”, UNITED “CAUCASUS ONLINE” AND “BEELINE” AND “MAGTICOM”, WHICH LEFT OFFSIDE”
    (Economic Press Monitor: November 17, 2015)

    The newspaper reports that mobile communication company Mobitel (operating on local market under Beeline brand) plans acquisition of internet provider Caucasus Online and has applied already for approval to National Communication Commission.

    According to existing information, reorganization of Caucasus Online is planned, envisaging separation of transit trunk (wholesale business), on the one hand, and television, internet and telephone services (retail business), on the other hand.

19. LAND PLOT IN TBILISI SOLD TO LLC “DOUBLE-G” FOR 61,000 LARI
    (Daily News: November 16, 2015)

    According to the government’s decree, state-owned land plot in Tbilisi was handed over to LLC Double-G through direct selling. The LLC will pay 61,000 lari for 222 square m, located at Brosset Str. 8.

20. TECHNICAL CHANGES APPLIED TO GEORGIAN COMPOSITION OF BAKU-TBILISI-KARS RAILWAY PROJECT’S COORDINATING COUNCIL
    (Daily News: November 16, 2015)

    According to the government’s decision, changes have been applied to Georgian composition of coordinating council for Baku-Tbilisi-Kars railway project. Accordingly, previous decree, adopted on February 7, 2013, was announced as invalid.

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