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1. NBG TO REGULATE ISSUE OF NON-CORE ASSETS OWNERSHIP BY BANKS
   (Daily News: October 8, 2014)

   President of National Bank of Georgia (NBG) Giorgi Kadagidze declared that adoption of legal act is planned, which should regulate issue of non-core assets ownership by banks.

   “We will declare about this decision in the end of the month”, Kadagidze said at the meeting with developing companies today.

2. Kviris Palitra: “ELECTRICITY TARIFFS IN GEORGIA: THE END OF A LEGEND”
   (Economic Press Monitor: October 6, 2014)

   Doctor of economics Giorgi Tavadze declares in his article that electricity tariffs, approved by Georgian National Energy and Water Supply Regulatory Commission in 2006 (i.e. when Tavadze was head of the Commission) and being effective for past 8 years, have been calculated correctly and fairly.

   Comparing to tariffs in different countries, Tavadze claims that “electricity tariff in Georgia is the cheapest in the whole Europe”.

3. UNDP TO DEVELOP A NEW PLAN FOR COOPERATION WITH GEORGIA
   (Daily News: October 1, 2014)

   UN Development Program (UNDP) will develop a new plan of ongoing activities in Georgia, based on key priorities of the country.

   This was announced at the meeting, held today between Georgia’s Prime Minister Irakli Garibashvili and head of UNDP Helen Clark.

4. PRESIDENT OF NBG: FINANCIAL EDUCATION IS QUITE PROBLEMATIC FOR GEORGIA
   (Daily News: September 30, 2014)

   “Financial education is one of the most serious challenges for the world and for Georgia this issue is highly problematic too”, president of National Bank of Georgia (NBG) Giorgi Kadagidze declared.

   “Studies prove direct link between level of financial education and debt burden of the population”, said Kadagidze at international conference “Financial Education – Challenges and Prospects”, held today by NBG and German Saving Banks Foundation for International Development.

5. GYLA CALLS MAIN PROSECUTOR TO STUDY ISSUE OF EVICTION OF OFFICIAL DISTRIBUTOR OF “SONY”
   (Daily News: September 29, 2014)

   Georgian Young Lawyers Association (GYLA) spread a statement today, calling Main Prosecutor Giorgi Badashvili to study issue of eviction of Laser-2 Tbilisi, official distributor of Sony in Georgia.

   “According to our information, there is no arbitration or court decision on eviction of Laser-2 Tbilisi, so execution police had no legal ground for eviction”, GYLA said in the statement.

6. GEORGIAN PRESIDENT DISCUSSED ECONOMIC RELATIONS’ ENHANCEMENTS WITH SECRETARY GENERAL OF BSEC AND TURKISH PRESIDENT
   (Daily News: September 29, 2014)

   Georgia’s President Giorgi Margvelashvili met secretary general of Organization of the Black Sea Economic Cooperation (BSEC) Victor Tvircun within his visit to Turkey.

   As the President’s press office said, the sides discussed enhancement of economic relations and prospects of cooperation development in fields of transport, energy and trade.

7. “TI GEORGIA”: PAYMENTS OF LOANS, TAKEN BY OFFICIALS, SOMETIMES ACCOUNT FOR HALF OF THEIR SALARIES, WHILE SOMETIMES EVEN EXCEED THEM
   (Daily News: September 25, 2014)

   Based on officials’ property declarations, TI Georgia (Georgian branch of Transparency International) declared that payments of loans, taken by several ministers and their deputies, account in some cases for half of their salaries, while sometimes even exceed them.

   The non-governmental organization points that several officials have taken banking loans shortly after their appointments.

8. GEORGIA AND TURKEY TO SIGN AGREEMENT ON MUTUAL PROTECTION OF INVESTMENTS
   (Daily News: September 25, 2014)

   Georgia’s Vice Prime Minister, Minister of Economy and Sustainable Development Giorgi Kvirikashvili declared that “We will accelerate signing of bilateral investment protection agreement with Turkey by the end of the year”. Preliminary work in this direction has been already done, he noted.

9. Bankebi da Finansebi: “DEVELOPMENT OF STOCK MARKET IN GEORGIA HAVE BEEN STUMBLED BY MAFIA FOR YEARS”
   (Economic Press Monitor: September 23, 2014)

   The newspaper reports that majority of Georgian Stock Exchange’s shareholders has conducted dramatic changes in governing body these days. In particular, shareholders elected new composition of supervisory council.

10. Tabula: “KADAGIDZE: FORTUNATELY, OUR ECONOMY IS NOT DEPENDING ON RUSSIA”
    (Economic Press Monitor: September 23, 2014)

    Based on interview to London bureau of Bloomberg, the magazine brings commentary of president of National Bank of Georgia (NBG) Giorgi Kadagidze regarding current events.

    In particular, interview includes Kadagidze’s explanation whether Georgia will be at risk in case of worsened situation in region, especially in Russia.

11. GEORGIAN DELEGATION TAKES PART IN THE 69^TH SESSION OF UN GENERAL ASSEMBLY
    (Daily News: September 22, 2014)

    Georgian governmental delegation left for New York, where will take part in the 69^th session of UN General Assembly. On September 26, Prime Minister Irakli Garibashvili will address to the Assembly.

12. 4M LARI TO BE INVESTED IN 4 NEW ENTERPRISES WITHIN STATE PROGRAM “PRODUCE IN GEORGIA”
    (Daily News: September 19, 2014)

    Minister of Economy and Sustainable Development Giorgi Kvirikashvili reported that the government approved creation of 4 new enterprises within the state program “Produce in Georgia” at the meeting today.

    As the Minister said, construction of clothes factory, hi-tech plant for used motor oil recycling, construction materials’ manufacturing plant and fodder producing plant will be financed.

13. NEW SPECIAL MANAGER APPOINTED IN “KAZTRANSGAS-TBILISI”
    (Daily News: September 19, 2014)

    Georgian National Energy and Water Supply Regulatory Commission reported that Giorgi Benashvili has been appointed as a new special manager in KazTransGas-Tbilisi (Tbilisi gas distributor), with office term extended until end of the year.

    The Commission adopted respective amendments in own decision of 2009 at the meeting yesterday.

14. ECONOMY MINISTER: “TAV GEORGIA” WILL CONDUCT RUNWAY’S OVERHAUL IN TBILISI AIRPORT WITHOUT EXTENSION OF OPERATION TERMS
    (Daily News: September 16, 2014)

    Economy and Sustainable Development Minister Giorgi Kvirikashvili declared that TAV Georgia, operator of Tbilisi and Batumi airports, will conduct overhaul of runway in Tbilisi airport without extension of operation terms. Current runway is in safe condition, but does not comply with international standards, he noted.

15. GEORGIAN DELEGATION VISITS UAE
    (Daily News: September 16, 2014)

    Today, Georgian delegation arrived to United Arab Emirates with 2-day official visit. The delegation, which is led by the Prime Minister, includes Minister of Economy and Sustainable Development, Minister of Foreign Affairs and executive director of Georgian Co-Investment Fund (GCF).

16. Rezonansi: “NUMBER OF PLANNED OPERATIONS INCREASED BY 250%”
    (Economic Press Monitor: September 16, 2014)

    According to the Ministry of Labor, Healthcare and Social Protection, 13,000 planned operation were carried out from February 28, 2013 (launch of universal healthcare program) until January 2014. While from January 2014 until September 10, number of operations exceeded 44,000.

17. NBG’S PRESIDENT: CONCEPT OF BANKING SECRECY IS ONE OF THE MOST FUNDAMENTAL PRINCIPLES
    (Daily News: September 15, 2014)

    “Concept of banking secrecy is one of the most fundamental principles, when we are talking that we have successful banking sector”, president of National Bank of Georgia (NBG) Giorgi Kadagidze has declared.

    “Any crude interference in the fundamental principle of banking secrecy is very bad”, Kadagidze said in live show of broadcasting company Maestro, while speaking on draft law, applying right to Revenue Service to request confidential information by court’s order.

18. NBG’S PRESIDENT: NON-BANKING FINANCIAL SECTOR IS RAPIDLY GROWING
    (Daily News: September 15, 2014)

    President of National Bank of Georgia (NBG) Giorgi Kadagidze declared that NBG observes very remarkable growth in non-banking financial sector.

    “Pawnshop industry exceeds half a billion lari, various instant credit services account for more than 100 million lari, etc.”, said Kadagidze in live show of broadcasting company Maestro.

19. NBG’S PRESIDENT: ECONOMIC GROWTH IS EXPECTED TO EXCEED 5%
    (Daily News: September 15, 2014)

    President of National Bank of Georgia (NBG) Giorgi Kadagidze declared that “Current data allow us to expect that by the end of 2014, we will jump over economic growth forecast of 5%”.

    “But it doesn’t mean that lots of jobs will be created at once and that large part of population will feel it”, said Kadagidze today in live show of broadcasting company Maestro.

20. Netgazeti.Ge: “GIORGI SIGUA: THE ECONOMY MINISTER AND I WERE SUMMONED TO THE PATRIARCHY DUE TO “KAZANTIP””
    (Economic Press Monitor: September 15, 2014)

    Former head of Tourism Department Giorgi Sigua says that financial failure of electronic music festival KaZantip is a result of resistance coming from the state and the church.

    According to Sigua, Georgian government promised KaZantip’s founder Nikita Marshunok to provide security, advertising support, development of infrastructure, lease of the land for 10 years, but only security was provided in fact, the newspaper says.

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