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1. GEORGIA DEVELOPS NATIONAL TRANSPORT STRATEGY
   (Daily News: December 10, 2014)

   Ministry of Economy and Sustainable Development reported about start of project, which envisages development of national policy/strategy and action plan in respect of transport.

   Expected duration of the project, which is implemented within technical assistance of Asian Development Bank (ADB), makes up 12 months, after which expiration, support for developed action plan’s introduction is envisaged.

2. Rezonansi: “MAJORITY DOES NOT LIKE CANCELLATION OF NON-TAXABLE MINIMUM”
   (Economic Press Monitor: December 10, 2014)

   Amendments, drafted for the Tax Code, envisage refund in 2015 of income tax, paid by low-income citizens on non-taxable minimal income in 2014, but cancel this rule for taxes, paid already in 2015.

   As the article reports, the Finance Ministry explains this decision with improvement of social welfare system.

3. FIRST DEPUTY FINANCE MINISTER TO HEAD REVENUE SERVICE
   (Daily News: December 8, 2014)

   Finance Minister Nodar Khaduri presented today his first deputy Giorgi Tabuashvili to approval by the Prime Minister on post of head of the Ministry’s Revenue Service.

   Former head of the Service, Irakli Gvaramadze, who had occupied the office since February, will continue work in the Ministry, the Ministry reported, not specifying his new position however.

4. Kviris Palitra: “THE GOVERNMENT MUST BECOME RECONCILED EITHER WITH FAILED BUDGET OR WITH DEVALUATED LARI”
   (Economic Press Monitor: December 8, 2014)

   Lari is devaluating, while the government declares that country’s financial and macroeconomic stability is not in danger, the newspaper says.

   However, the author of the article regards that the government must become reconciled either with the failed budget or with devaluated lari.

5. BUSINESS OMBUDSMAN GIORGI GAKHARIA TO COMBINE OFFICE OF ECONOMIC COUNCIL’S SECRETARY
   (Daily News: December 5, 2014)

   Press office of the government’s administration released a statement today, which reports that business ombudsmen Giorgi Gakharia will combine office of secretary of Economic Council also.

   “Roman Chkhenkeli (…) requested several times resignation from post of Economic Council’s secretary”, and the Prime Minister has satisfied his request, the press office said.

6. NBG PRESIDENT: THERE WILL BE NO INFLATIONARY PRESSURE ABOVE PLANNED LEVEL
   (Daily News: December 5, 2014)

   Giorgi Kadagidze, president of National Bank of Georgia (NBG), declared that “Despite reflection of exchange rate’s fluctuation on some commodity groups, we do not expect inflationary pressure exceeding planned level”.

   At the briefing today, Kadagidze named two factors of that.

7. NBG PRESIDENT: DEVALUATION OF NATIONAL CURRENCY HAS BOTH DOMESTIC AND OUTER REASONS, WHILE WAY OUT IS IN ECONOMIC GROWTH
   (Daily News: December 5, 2014)

   Giorgi Kadagidze, president of National Bank of Georgia (NBG), declared that devaluation of national currency has both domestic and outer reasons.

   “Together with dollar, reaching its historic strenght for last 7 years, we have weakening or decline of major domestic inflows of currency”, Kadagidze pointed at the news briefing today.

8. NBG PRESIDENT: NO DANGER THREATENS FINANCIAL AND MACROECONOMIC STABILITY OF THE COUNTRY
   (Daily News: December 5, 2014)

   Giorgi Kadagidze, president of National Bank of Georgia (NBG), declared that no danger threatens financial and macroeconomic stability of the country.

   “Guarantor of this is National Bank and we have proved this multiple times during much significant shocks”, NBG president pointed at the the briefing today.

9. NBG PRESIDENT: RECENT PROCESSES ARE CONDITIONED BY AGIOTAGE BEHAVIOR
   (Daily News: December 5, 2014)

   Giorgi Kadagidze, president of National Bank of Georgia (NBG), declared that recently developed processes are conditioned by agiotage behavior of market participants, “which are generally characteristic for financial markets in this time”.

   “As a rule, central banks do not comment on short-term currency fluctuations, but significantly deteriorated economic expectations and non-standard fluctuations of national currency are obvious”, Kadagidze pointed at the briefing today.

10. Bankebi da Finansebi: “MASTERING OF GEORGIA’S ENERGY POTENTIAL IS ACTIVELY UNDERWAY”
    (Economic Press Monitor: December 4, 2014)

    Head of Georgian Oil and Gas Agency Giorgi Tatishvili says that investor companies “are engaged in exploration works, as extraction in Georgia is quite small, being implementing on 4 license blocks only”.

    Tatishvili reports that “now, only 2 blocks remain (without investor) – these are 5^th license block in Western Georgia and 14^th licence lock in Samtskhe-Javakheti”.

11. Bankebi da Finansebi: “FOCUS WILL BE PLACED ON DISPLAY OF ENTIRE GEORGIA’ POTENTIAL AS TOURISM DESTINATION”
    (Economic Press Monitor: December 4, 2014)

    As new head of National Tourism Administration Giorgi Chogovadze declares in an interview with the newspaper, “within my tenure, first major task will be to develop together with Ministry of Economy and Sustainable Development a strategy and action plan and start their implementation”.

    “The focus will be placed on display of entire Georgia’s potential, as tourism destination”, says Chogovadze.

12. FINANCE MINISTER: INVESTIGATIVE SERVICE IS NOT USED FOR POLITICAL PURPOSES ANYMORE
    (Daily News: December 3, 2014)

    Finance Minister Nodar Khaduri claimed that the Ministry’s “Investigation Service is not anymore used for political purposes – as a weapon for keeping business in terror”.

    The Minister declared the mentioned today, while presenting report on 2-year activity of the Ministry.

13. Bankebi da Finansebi: “AS THE STATE IS SUCH MOTIVATED TOWARDS US, WE DECIDED TO INVEST MORE THAN IT WAS PLANNED”
    (Economic Press Monitor: December 3, 2014)

    Temur Chkonia, founder of Coca-Cola Bottlers Georgia, says in an interview with the newspaper that export is implemented to Armenia, Azerbaijan and Kazakhstan. Now, we plan to export our production to Cyprus as well, he adds.

14. IDFI: FROM NOVEMBER 2013 THROUGH JUNE 2014, BONUSES OF 1.25M LARI WERE ISSUED TO TBILISI COUNCIL MEMBERS, WHILE OF 3.45M LARI – TO THE STAFF
    (Daily News: December 2, 2014)

    Referring to data, enquired form Tbilisi City Council, Institute for Development of Freedom of Information (IDFI) declared that between November 2013 and June 2014, the Council’s members received bonuses of 1.25 million lari, while the Council’s staff – 3.45 million lari.

    Both these figures exceed 3 times the showings, fixed in 10 months of 2013 (439,275 lari and 1.27 million lari, respectively), IDFI said.

15. AGRICULTURE MINISTER: STATUS OF AGRICULTURAL COOPERATIVES WAS GRANTED TO 376 ENTITIES
    (Daily News: December 1, 2014)

    Agriculture Minister Otar Danelia reported that as of today, status of agricultural cooperatives is applied to 376 entities, uniting 2,956 members.

    Among them, 99 cooperatives are established in mountainous regions, Danelia said, while presenting today 2-year activity report of the Ministry.

16. GEORGIA AND TURKMENISTAN SIGNED A COOPERATION AGREEMENT
    (Daily News: November 28, 2014)

    Ministry of Economy and Sustainable Development reported that Georgia-Turkmenistan intergovernmental commission on economic cooperation signed the protocol of 2^nd session today.

    The Ministry noted that this is first session of the commission after 5-year interval.

17. 5 CANDIDATES NOMINATED ON VACANT POSITION IN NBG BOARD
    (Daily News: November 24, 2014)

    The President’s press office reported that economic experts, after month and a half of working, have offered the President 5 candidates on vacant position of National Bank of Georgia (NBG) board’s member.

    These candidates are Levan Kalandadze, Nikoloz Kavelashvili, Emzar Jgerenaia, Merab Kakulia and Giorgi Bakradze, the press office said.

18. GIORGI CHOGOVADZE TO LEAD NATIONAL TOURISM ADMINISTRATION
    (Daily News: November 24, 2014)

    From today, Giorgi Chogovadze will lead Georgian National Tourism Administration.

    As Deputy Minister of Economy and Sustainable Development Dimitri Kumsishvili said, while presenting new chairman of the Administration, 31 applications were received for this position.

19. PRIME MINISTER: ACCORDING TO TELECOM DEVELOPMENT, GEORGIA’S POSITION IN INTERNATIONAL RATINGS IMPROVED BY FEW STEPS
    (Daily News: November 24, 2014)

    The 12^th World Telecommunication/ICT Indicators Symposium (WTIS-2014) was opened today in Tbilisi. The event will last until November 26.

20. PRIME MINISTER TO MEET INVESTORS AND MANAGEMENT OF RATING AGENCIES IN LONDON
    (Daily News: November 24, 2014)

    Georgia’s Prime Minister Irakli Garibashvili departed for London with a working visit today. Within 2-day visit, the Premier will meet management of rating companies (Moody’s, Fitch Ratings and Standard&Poor’s), the government’s press office reported.

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