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1. PARTNERSHIP FUND: “CHINA NUCLEAR INDUSTRY 23^RD CONSTRUCTION CO” INTERESTED IN INVESTING IN RENEWABLE ENERGY PROJECTS
   (Daily News: October 11, 2016)

   Georgian Partnership Fund said that China Nuclear Industry 23^rd Construction Co. Ltd is interested to make investments in renewable energy projects.

   At the meeting, held in the Fund, Chinese company presented concrete investment offers and expressed desire to participate in joint projects, the Fund said.

2. PARTNERSHIP FUND DISCUSSED COOPERATION WITH SACE
   (Daily News: October 11, 2016)

   Georgian Partnership Fund reported about meeting, held with representatives of Italian state-run export credit agency SACE. According to the Fund, the parties discussed development of cooperation, as well as ways of boosting cooperation between private businesses of the two countries.

3. 85% IN “RAKIA GEORGIA FREE INDUSTRIAL ZONE” TO BE HANDED OVER TO THE STATE
   (Daily News: October 11, 2016)

   The government decided to exempt Ras Al Khaimah Investment Authority (RAKIA, UAE) and its Georgian subsidiary LLC RAKIA Georgia Free Industrial Zone from forfeit, imposed after contracts, signed in 2010-2011.

   In exchange, stake of 85% in RAKIA Georgia Free Industrial Zone will be handed over to the state.

4. ESTABLISHMENT OF SPECIAL BOARDS/CHAMBERS FOR COMMERCIAL AND TAX DISPUTES CONSIDERATION IS PLANNED
   (Daily News: October 11, 2016)

   Justice Ministry declared about plans on establishment of special boards/chambers for consideration of commercial and tax disputes. As the Ministry said, this reform targets rapid and effective settlement of business disputes.

5. Netgazeti.Ge: “BURCHULADZE’S BLOCK COULD NOT ENTER THE PARLIAMENT, BUT WILL RECEIVE THE BUDGET FUNDING – PRELIMINARY RESULTS”
   (Economic Press Monitor: October 11, 2016)

   Georgian legislation envisages that in order to get the state funding, political entity should overcome threshold of 3% on the elections. Basic funding amounts to annual 300,000 lari.

6. Rezonansi: “AFTER ELECTIONS, NOTHING COULD STOP PRICE INCREASE”
   (Economic Press Monitor: October 11, 2016)

   Importers say that almost all products’ prices will increase by 10-15% in 2-3 weeks, the newspaper reports. Price growth will apply to local production also, being caused by seasonal changes, the article notes.

7. VALUE OF STOCK-EXCHANGE DEALS IN Q3 INCREASED BY 43.7% Y-O-Y
   (Daily News: October 10, 2016)

   Georgian Stock Exchange reported that value of stock-exchange deals, made in the 3^rd quarter, totaled to 1.07 million lari. If compared with the same period of 2015, the volume has increased by 43.7%.

8. VALUE OF OTC TRANSACTIONS IN Q3 DROPPED 5.4 TIMES Y-O-Y
   (Daily News: October 10, 2016)

   Georgian Stock Exchange reported that total value of OTC deals, made in the 3^rd quarter, amounted to about 1 million lari. This figure is 5.4 times less than the volume, fixed in the same period of 2015 (5.45 million lari).

9. OSCE/ODIHR: THE ELECTIONS WERE COMPETITIVE AND WELL-ADMINISTERED
   (Daily News: October 10, 2016)

   According to the preliminary conclusions of the OSCE/ODIHR Election Observation Mission, October 8 parliamentary elections in Georgia were “competitive, well-administered and fundamental freedoms were generally respected”.

   At that, the Mission indicated that “the calm and open campaign atmosphere was, however, impacted by allegations of unlawful campaigning and some incidents of violence”.

10. PRELIMINARY RESULTS OF ELECTIONS: “GEORGIAN DREAM” – 48.67%, “NATIONAL MOVEMENT” – 27.11%
    (Daily News: October 10, 2016)

    Central Election Commission published results of October 8 preliminary elections, according to which ruling Georgian Dream – Democratic Georgia won 48.65% in proportional (i.e. party) voting, while opposition United National Movement – 27.11%.

    Threshold for entering the Parliament (5%) has been passed also by David Tarkhan-Mouravi, Irma Inashvili – Georgia’s Patriots Alliance, United Opposition, which received 5.01%.

11. The Financial: “COMPETITOR INTELLIGENCE OR PRICES MONITORING THE GEORGIAN WAY”
    (Economic Press Monitor: October 10, 2016)

    It should be stated that right now, the most accurate way of obtaining competition prices in Georgia is applying mystery shopping techniques, says the article’s authors (Experto Consulting). Retail players in Georgia are still far from utilizing the benefits of competitor prices survey to the fullest, they point.

12. Netgazeti.Ge: “INTERNATIONAL MISSION: PARTIES HAD UNFAIR FINANCING IN THE PRE-ELECTION PERIOD”
    (Economic Press Monitor: October 10, 2016)

    Mission of international election observers critically assessed existed huge difference in funding of ruling Georgian Dream and other parties, the newspaper reports.

    In 8 months of this year, Georgian political parties received contributions of over 16 million lari, of which 64% (up to 10.29 million lari) was share of Georgian Dream.

13. DEVELOPER COMPANY “M² REAL ESTATE” PLACED BONDS FOR THE FOURTH TIME
    (Daily News: October 7, 2016)

    Developer company m² Real Estate declared today about placement of 3-year bonds, totaling to $25 million.

    The company stressed that demand has exceeded offer almost 2 times, which led to the placement with unprecedented low yield rate.

14. CHINESE COMPANY TO EXPORT 1M BOTTLES OF WINE AND BRANDY FROM GEORGIA
    (Daily News: October 7, 2016)

    Agriculture Ministry reported that Beijing Charming Grand International Trading Co. will export 1 million bottles of Georgian wine and brandy on Chinese market.

15. ECONOMY MINISTER: LEGISLATIVE AMENDMENTS IN AZERBAIJAN WILL NOT AFFECT EXPORT OF GEORGIAN PRODUCTION
    (Daily News: October 7, 2016)

    Dimitri Kumsishvili, Minister of Economy and Sustainable Development, declared that legislative amendments, being underway in Azerbaijan, “will not affect our trade relations and turnover”.

    The matter concerns Azerbaijan’s decision to increase customs rates on import of some production.

16. Bankebi da Finansebi: “CONSTRUCTION OF REMAINED PART OF TBILISI BYPASS RAILWAY WILL COST ABOUT $70M”
    (Economic Press Monitor: October 7, 2016)

    Mamuka Bakhtadze, director general of Georgian Railway, says that construction of the remained part of Tbilisi bypass railway will cost about $70 million, the newspaper reports, referring to TV program Business-Contract of Pirveli broadcaster.

    Bakhtadze explains that changes, made in design of the project, may cause increase of the budget.

17. Netgazeti.Ge: ““GEORGIAN DREAM” RECEIVED 10M OUT OF 16M CONTRIBUTED TO PARTIES”
    (Economic Press Monitor: October 7, 2016)

    For 9 months of this election year, political parties received contribution of 16.15 million lari, TI Georgia, Georgian branch of Transparency International, reported. Out of this sum, 64% (i.e. up to 10.29 million lari) was contributed to ruling Georgian Dream.

18. NEW RUNWAY OPENED IN AMBROLAURI
    (Daily News: October 6, 2016)

    New runway was opened today in Ambrolauri (Racha region). As Economy and Sustainable Development Ministry said, the new runway, having length of 1,100 m and width of 3 m, will allow Ambrolauri airfield to receive without limitations small planes, such as Czech L-410 aircrafts (19 passengers).

19. REGULATORY COMMISSION LEFT UNCONSIDERED TARIFF APPLICATIONS OF “KHRAMHES”
    (Daily News: October 6, 2016)

    Georgian Energy and Water Supply Regulatory Commission left unconsidered tariff applications of JSC KhramHES-1 and JSC KhramHES-2, submitted in August.

    As the Commission explained, these companies did submit incomplete documentation, causing thus the mentioned decision.

20. CONSTRUCTION OF WIND POWER PLANT BROUGHT TO END
    (Daily News: October 6, 2016)

    Opening ceremony of Georgia’s first wind power plant Kartli was held today in Gori district (Shida Kartli region). The works were started in March.

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