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1. AGRICULTURE MINISTER: FOR THE LAST 4 YEARS, 700 ENTERPRISES EXPANDED/UPGRADED AND 150 NEW ONES ESTABLISHED
   (Daily News: September 5, 2016)

   Agriculture Minister Otar Danelia declared that “for the last 4 years, budget [of agricultural programs] has been increased 10 times, more than 26,000 loans were issued within preferential agrolending, 700 enterprises were expanded/upgraded, while 150 new ones were established”.

   The Minister pointed that “more than 700,000 beneficiaries is receiving assistance within project on small farmers’ spring works promotion, agricultural insurance is implemented and more than 28,000 policies have been issued in total”.

2. SERVICE OF ADF’S CREDITS TO BE ACCELERATED
   (Daily News: September 5, 2016)

   Georgian government decided to accelerate service of credits, allocated by Asian Development Fund (ADF) of Asian Development Bank (ADB).

   In line with the respective decree of the government, acceleration method will be “scheme of accelerated repayment of principle sum”.

3. Kviris Palitra: “FRUIT LOOKS HEALTHY, BUT YOU’LL HAVE ROTTEN CORE, WHEN YOU CRACK THE SHELL”
   (Economic Press Monitor: September 5, 2016)

   Entrepreneurs and exporters say that rottenness is massively observed for Georgian hazelnut this year – a fruit looks healthy, but you will have rotten core, when you crack the shell, the newspaper says.

   Quality of this year’s harvest makes to worry owners of hazelnut plantations also, including those, located in Samegrelo and Guria regions, which account for 60% of Georgia’s total hazelnut production, the article states.

4. THE GOVERNMENT: LATVIAN “FERRUS” INTERESTED IN INVESTMENTS IN GEORGIAN TOURISM SECTOR
   (Daily News: September 2, 2016)

   Georgia’s Prime Minister Giorgi Kvirikashvili met today with representatives of Latvian company Ferrus.

   Ferrus is engaged in manufacturing of tractors, but administration of Georgian government, reporting that Latvian company plans to do business in Georgia, indicated that one of its core activities is construction of tourist infrastructure.

5. “WEG”: PRELIMINARY ANNOUNCEMENT THAT PROCESS OF TARIFF SETTING FOR “ENGURHES” DOES NOT ENVISAGE TARIFF GROWTH, MAY BE A SIGN THAT COST OF HPP REHABILITATION WILL BE PAID FROM THE BUDGET
   (Daily News: September 2, 2016)

   “Preliminary announcement that “process of tariff setting for EngurHES for 2017 does not envisage tariff growth” could be a sign that costs of EngurHES rehabilitation will be allocated by the budget (through other social and development programs)”, analytic center World Experience for Georgia (WEG) declared.

   According to media reports, statement regarding not envisaged tariff growth belongs to Georgian National Energy and Water Supply Regulatory Commission.

6. ECONOMY MINISTRY DISCUSSED GEORGIA’S LATEST SCORE IN LOGISTICS INDEX
   (Daily News: September 2, 2016)

   Deputy Economy and Sustainable Development Minister David Khutsishvili met today with World Bank’s regional director for the South Caucasus, Europe and Central Asia Mercy Tembon.

   As Georgian Ministry said, major scope of the meeting was Georgia’s latest score in the World Bank’s Logistics Performance Index (the country’s position has deteriorated by 14 points since the previous index), cooperation with the WB in order of its improvement and planning of joint actions.

7. COURSE OF TAX REFORM DISCUSSED IN THE FINANCE MINISTRY
   (Daily News: September 2, 2016)

   Georgian Finance Ministry reported about meeting, held yesterday with representatives of Estonian Finance Ministry and audit company PricewaterhouseCoopers (PWC).

   As the Ministry said, considerations scoped technical and administrative issues, related to implementation of profit tax reform.

8. The Financial: “WHY INVEST IN GEORGIAN HOSPITALITY INDUSTRY?”
   (Economic Press Monitor: September 2, 2016)

   Georgian government offers to interested investors extremely appealing terms for the construction of hotels along the seaside that has the best climate conditions, the newspaper states. The offer includes free land for a symbolic price amounting to 1 lari; exemptions from property and profit taxes until 2026; free casino license for hotels with over 80 rooms; pre-packaged hotel projects; and ready infrastructure, the article reports.

9. PARTNERSHIP FUND: GEORGIA TO START PRODUCTION OF JAMON
   (Daily News: September 1, 2016)

   Partnership Fund declared that production of jamon (Spanish ham) will start in Georgia. For implementation of the project, the Fund signed memorandum of understanding with company Native Georgian yesterday.

10. 150 COMPANIES TAKE PART IN BELARUS NATIONAL EXHIBITION IN TBILISI
    (Daily News: September 1, 2016)

    Georgian Ministry of Economy and Sustainable Development reported that 150 companies take part in national exhibition of Belarus, which was opened in Tbilisi exhibition center ExpoGeorgia today. The event will last until September 4.

11. ADB ALLOCATES $100M TO GEORGIA
    (Daily News: September 1, 2016)

    Georgia and Asian Development Bank (ADB) have signed agreement on the 3^rd subprogram within “Improvement of Mobilization of Internal Resources for the Program of Inclusive Growth” in Tbilisi today.

    Within the program, ADB will allocate $100 million to Georgia, Georgian Finance Ministry reported.

12. Rezonansi: “THERE ARE SIGNS OF PRICE GROWTH ON FUEL MARKET”
    (Economic Press Monitor: September 1, 2016)

    Fuel has increased in price by 5 tetri in non-branded filling stations, while price growth in large chains of filling stations is not observed yet, the newspaper reports.

    Union of Oil-Products Importers explains that there is small reserves in the country, which is traditional problem for small stations.

13. Bankebi da Finansebi: “QUALITY OF PETROL STANDS AT CRITICAL POINT IN GEORGIA”
    (Economic Press Monitor: August 16, 2016)

    Ministry of Environment and Natural Resources Protection conducts control of quality of petrol and diesel fuel in Tbilisi since May.

    Special study found that samples, taken from every filling station, comply with the current standards, established by law.

14. THE GOVERNMENT: “CARTU” FUND GRANTED MINIATURE PARK TO THE STATE
    (Daily News: August 15, 2016)

    The government declared that Cartu fund has granted recently a park with miniature models of Georgian architectural treasury to the state.

    Construction of the park was launched in summer 2014 and investment of more than 10 million lari was made in this project, the government pointed.

15. THE GOVERNMENT SET DEADLINE FOR TBILISI BYPASS RAILWAY PROJECT
    (Daily News: August 15, 2016)

    The government has issued the decree, which describes arrangements, to be made for completion of Tbilisi bypass railway project.

    To remind, the project was started (and accomplished in big part) by the previous government, but was suspended as wrongly designed after came to power of Georgian Dream coalition (2012).

16. Kviris Palitra: “DON’T GAMBLE, LEAVE! LEGALIZED NATIONAL DISASTER! WHO LOBBIES ONLINE CASINOS?”
    (Economic Press Monitor: August 15, 2016)

    “It would be a very soft estimation, if we call addiction of a big part of our citizens to online gambling a problem”, the newspaper states. As the article states, it could have been called a problem 10-15 years ago, while now, in the light of a number of “hostages” of online casinos or bets, we are facing national disaster.

17. Liberali: “IN WHAT CONDITIONS WORKERS OPERATE IN KHARAGAULI”
    (Economic Press Monitor: August 15, 2016)

    It’s already the fifth day that up to 100 workers are protesting hard working conditions o construction of railway tunnel in village Zvare (Kharagauli municipality of Imereti region), the magazine reports.

    23^rd Bureau of China Railway, sub-contractor of Georgian Railway, employs about 100 Georgian and (as workers say) almost the same number of Chinese workers, the article says.

18. HOLDER OF 95.9% IN “GEORGIAN GEOLOGY AND MINING NATIONAL COMPANY” PLANS TO BUY OUT MINORITY STAKES
    (Daily News: August 12, 2016)

    LLC Assets Management and Development Company, which holds 95.9% of voting shares in JSC Georgian geology and Mining National Company, plans to buy out minority stakes.

    According to respective statement, the company is going to demand mandatory selling of shares, which right is granted by Georgian legislation.

19. ENERGY MINISTRY: ENERGY ARREARS TO TURKEY WERE RESTRUCTURED ACCORDING TO AGREEMENT, SIGNED IN 2015
    (Daily News: August 12, 2016)

    Georgian Energy Ministry declared that among other issues, agreement on cooperation in energy sphere, signed with Turkey in April 2015, envisaged restructuring of energy arrears too.

    Not returned volume of electricity, delivered from Turkey to Georgia in 1990-1997, had totaled to 1.7 billion KWh, while in line with the mentioned agreement, it was reduced to 1 billion KWh, the Ministry noted.

20. OECD ANNUAL PLENARY SESSION TO TAKE PLACE IN TBILISI IN NOVEMBER
    (Daily News: August 12, 2016)

    Annual plenary session of OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes will be held in Tbilisi on November 1-3, Georgian Finance Ministry declared.

    Almost 300 delegates from member states of the Global Forum and officials of 10 international organizations will take part in the Plenary Session.

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