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1. Tabula: “PREMIER: WE WORK ON PROGRAM OF PENSIONERS’ EMPLOYMENT”
   (Economic Press Monitor: August 8, 2016)

   Prime Minister Giorgi Kvirikashvili declared that ruling Georgian Dream works on the new program, which envisages employment of pensioners and tax benefits for their employer companies, the magazine reports.

   “This means on no account removal of pension or other social benefits”, the Premier stressed.

2. ECONOMY MINISTER: 726 APPLICATIONS SUBMITTED WITHIN “STARTUP GEORGIA”
   (Daily News: August 5, 2016)

   Dimitri Kumsishvili, Minister of Economy and Sustainable Development, reported that 726 applications have been submitted for now within startup promotion program (“Startup Georgia”).

   Out of total, 580 applications were submitted within innovations’ component of the program, while 146 ones – within hi-tech component, the Minister noted.

3. “KARTLI WIND ELECTRIC STATION” GOT PRELIMINARY LICENSE FOR ELECTRICITY GENERATION
   (Daily News: August 5, 2016)

   Georgian National Energy and Water Supply Regulatory Commission declared that preliminary license for power generation was issued to Kartli Wind Electric Station. At that, the company has to meet several demands still, the Commission pointed.

4. GEORGIAN OIL AND GAS CORPORATION: SECOND PHASE OF PROJECT ON UNDERGROUND GAS STORAGE DEVELOPMENT STARTED
   (Daily News: August 5, 2016)

   Georgian Oil and Gas Corporation announced about start of the second phase of project on underground gas storage development.

   Feasibility study, conducted within the first phase, definitely proved possibility to build gas storage of up to 300 million cubic m on Samgori South Dome field, the Corporation noted.

5. Liberali: “STATE “APPANAGES” OF THE PATRIARCHATE”
   (Economic Press Monitor: August 5, 2016)

   Out of total 873 ha land, given in management to this or that agency, 99.98% accounts for Georgian Orthodox Patriarchate, the magazine reports, referring to non-governmental organization Green Alternative.

   Study, conducted by this NGO, revealed a whole row of violations in forestry management, the article states.

6. “GWP”: CONSTRUCTION OF “SAGURAMOHES” FINISHED
   (Daily News: August 4, 2016)

   Georgian Water&Power (GWP, Tbilisi water supply and sewerage company) reported about completion of new hydroelectric station SaguramoHES. According to the company, 10.5 million lari was invested in the construction.

7. Iveria.Biz: “POLICY OF “DE-DOLLARIZATION” AS ABSURD PANACEA FOR ECONOMIC RECOVERY”
   (Economic Press Monitor: August 4, 2016)

   Immediately after coming of Georgian Dream to power, the ratio has changed radically of two fundamental macroeconomic parameters – GDP growth and inflation, the newspaper stated. In recent years, GDP growth significantly lags behind of consumer price growth.

8. ECONOMY MINISTRY: GEORGIA’S GDP IN INTERNATIONAL DOLLARS HAS GROWING TREND IN RECENT YEARS
   (Daily News: August 3, 2016)

   Ministry of Economy and Sustainable Development declared that taking purchasing power parity into account, Georgia’s GDP, expressed in international dollars, has growing trend in recent years.

   If Georgia’s GDP in international dollars made up Intl.$30.7 billion in 2012, today this showing makes up already Intl.$35.6 billion, i.e. has increased by about 16%, the Ministry pointed.

9. AGRICULTURE MINISTRY: EXPANSION OF FODDER AND DAIRY PRODUCTION IN GEORGIA DISCUSSED WITH BELARUS COMPANY
   (Daily News: August 2, 2016)

   Agriculture Ministry reported that representatives of Belarus innovation company Biokom Technology are paying visit to Georgia.

   At the meeting, the sides discussed opportunities of fodder and dairy production expansion in Georgia, the Ministry said.

10. PARTNERSHIP FUND: JACKETS’ FACTORY TO OPEN IN GEORGIA
    (Daily News: August 2, 2016)

    Partnership Fund reported about agreement, signed with jackets manufacturing factory of Jiangxi province of China.

    Jiangxi factory “meets demand of 60% of Chinese population alone”, head of the Fund David Saganelidze stated, pointing that “the matter concerns opening of Georgian representation of this very factory”.

11. PARTNERSHIP FUND: CENTER OF GEORGIAN CULTURE AND WINE OPENED IN NANCHANG
    (Daily News: August 2, 2016)

    Georgian Partnership Fund reported that Center of Georgian Culture and Wine was opened in Nanchang, the capital of Jiangxi province of China. The Center, opened by initiative of Jiangxi Silk Road Investment Company and organization of the Fund and Georgia’s National Wine Agency, has area of 4,000 square m.

12. JORDAN TO SHARE GEORGIA’S EXPERIENCE IN EDUCATION REFORM
    (Daily News: August 2, 2016)

    Georgian government declared that Jordan will share Georgia’s experience in reform of education system.

    The mentioned was pointed at the meeting of the Georgia’s Prime Minister Giorgi Kvirikashvili and Jordan’s Vice Premier and Education Minister Muhammad Thneibat.

13. The Financial: “SPA BUSINESS: GEORGIAN HUB OF MEDICAL AND WELLNESS TOURISM”
    (Economic Press Monitor: August 2, 2016)

    Undiscovered tourism potential of Georgia can be unveiled through promotion of spa resorts across the country, rich in mud and mineral springs, the newspaper says.

    The most interesting perspectives for investments are to be found in development of tourist infrastructure of such spa resorts, as Tskaltubo, Utsera, Borjomi, Likani, Sairme, Abastumani and Akhtala.

14. Tabula: “WHY OFFERS “TRIMEDIA” TO COMMUNICATION COMMISSION 28 TIMES LESS PRICE THAN TENDER ONE”
    (Economic Press Monitor: August 2, 2016)

    The magazine supposes that winner of the tender, announced by National Communication Commission on research of television audience, will became TriMedia Intelligence.

    The reason of this is price, offered by the company, which is 28-time less than expected one, set by the Commission, and makes up 1,000 lari only.

15. SOLAR SYSTEM INSTALLED AT TBILISI INTERNATIONAL AIRPORT BY JAPANESE SUPPORT
    (Daily News: August 1, 2016)

    Solar energy system, which mounting was started in November 2015, has been launched recently its operation at Tbilisi International Airport.

    Ministry of Economy and Sustainable Development reported that Japanese International Cooperation Agency (JICA) has issued grant of 480 million JPY (about $4.5 million) to Georgian government for the project “Clean Energy Generation by Solar Energy System”.

16. “BILTMORE HOTEL TBILISI” OPENED
    (Daily News: August 1, 2016)

    Arabian Dhabi Group opened 216-room Biltmore Hotel Tbilisi yesterday. According to the company, $140 million was invested in the project.

17. ECONOMY MINISTRY: LARGE INVESTMENT PROJECT IS PLANNED TO BE IMPLEMENTED IN GONIO
    (Daily News: August 1, 2016)

    Georgian Ministry of Economy and Sustainable Development reported that the Minister Dimitri Kumsishvili and UAE Sheikh Nahayan Mabarak Al Nahayan have visited former military range in Gonio (Ajara), where “large investment project is planned to be implemented”. Area of the mentioned territory makes up 314 ha.

18. BSTDB PLANS TO ISSUE BONDS DENOMINATED IN LARI AGAIN
    (Daily News: August 1, 2016)

    Georgian government reported that Black Sea Trade and Development Bank (BSTDB) plans to issue again bonds, denominated in lari.

    Recently released regulation of the government has stated that in line with the bank foundation agreement, Finance Ministry will give BSTDB written consent of the government on the mentioned emission.

19. DEFENSE MINISTER – LEVAN IZORIA, STATE MINISTER FOR RECONCILIATION AND CIVIL EQUALITY – KETEVAN TSIKHELASHVILI
    (Daily News: August 1, 2016)

    The government announced that Levan Izoria became new Defense Minister, while Ketevan Tsikhelashvili – State Minister for Reconciliation and Civil Equality.

    Prime Minister Giorgi Kvirikashvili has presented new ministers at the briefing in the government’s administration today.

20. Eugeorgia.Info: “ABSENCE OF INTERNET HAMPERS FARMERS TO TRADE ONLINE WITH PRODUCTS”
    (Economic Press Monitor: August 1, 2016)

    Nino Chikovani, head of Georgian Chamber of Commerce and Industry, says that Georgia is the first country, where World SME Forum will implement its pilot project.

    The project combines 3 components – access to finances, international market participation and platform for online trade.

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