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1. “BGEO” PLACED EUROBONDS OF $350M
   (Daily News: July 29, 2016)

   BGEO investment group declared about placement of Eurobonds of $350 million on Irish Stock Exchange.

   Maturity of bonds makes up 7 years (until 2023), while annual yield – 6%.

2. AGRICULTURE MINISTRY: FIRST STAGE OF REHABILITATION OF IAKUBLO RESERVOIR IS FINISHED
   (Daily News: July 29, 2016)

   Agriculture Ministry reported that LLC Georgian Amelioration has completed the first stage of rehabilitation of Iakublo reservoir. Works worth 600,000 lari ensured safe operation of the reservoir, the Ministry said.

3. Tabula: “GEORGIA BECAME RUSSIA’S KEY SUPPLIER OF BRANDY, IT ACCOUNTS FOR 48% OF THE MARKET”
   (Economic Press Monitor: July 29, 2016)

   Referring to Russia’s Center for Federal and Regional Alcohol Markets’ Research, the magazine reports that in 6 months of this year, 1.1 million l of brandy was exported from Georgia to Russia, accounting for 48% of Russian market.

   According to Georgian Wine Agency, 3.7 million bottles (0.5 l) of brandy was exported from Georgia in the first half of the year, increasing by 47% year-on-year, two-third of this export fell on Russia.

4. “EUROMONITOR INTERNATIONAL”: REDUCTION OF TRADITIONAL RETAIL SHOPS AND GROWTH OF MODERN DEALERS IS EXPECTED IN GEORGIA
   (Daily News: July 28, 2016)

   Euromonitor International considers that reduction of number of traditional retail food shops is expected in Georgia. Whereas, number of retailers of modern format, such as supermarkets, hypermarkets and chain shops, will increase and capture bigger share of the market, the consulting company forecasts.

5. Liberali: “HOW TO PR-PROVE 29 MILLION”
   (Economic Press Monitor: July 28, 2016)

   Culture Ministry’s project “Check in Georgia” envisages concerts of Georgian and foreign entertainers in 19 cities, for which end the government allocated 29 million lari from the reserve fund.

   However, “When the government undertakes function of business (the Culture Minster noted himself that “Check in Georgia” is a business project), of course, it is clear that it becomes rival of those private companies, which are engaged in the same sphere”, the magazine states.

6. ECONOMY MINISTRY: CHINESE “ER SHANG GROUP” BECAME INTERESTED IN GEORGIAN AGROINDUSTRIAL PRODUCTION
   (Daily News: July 27, 2016)

   Georgian Ministry of Economy and Sustainable Development declared that Chinese Er Shang Group (food producer and distributor) became interested in Georgian agroindustrial production.

   The Minister Dimitri Kumsishvili discussed possibilities of this production’s distribution in China at the meeting with management of Er Shang Group, which was held within Georgian-Chinese business forum in Shanghai.

7. ECONOMY MINISTRY: GEORGIAN WINE WILL BE PROMOTED WITHIN CHINESE GOVERNMENTAL PROJECT FOR THE FIRST TIME
   (Daily News: July 27, 2016)

   Georgian Ministry of Economy and Sustainable Development declared that within the Chinese project of government level, Georgian wine will be promoted for the first time.

   In this connection, Georgia’s Economy Minister Dimitri Kumsishvili signed a cooperation memorandum with Chinese party within working visit to China, the Ministry reported.

8. THE GOVERNMENT PLANS TO REVEAL ENTITY, TO BE AUTHORIZED FOR ORGANIZATION OF LOTTERIES
   (Daily News: July 27, 2016)

   According to the government’s order, holding of tender on reveal of entity, which will be authorized for organization of lotteries, is planned in “limited time frame”.

   For that end, the Finance Ministry will conduct simplified procurement of consulting and expert service on the draft of tender documentation.

9. JORDANIAN AIRLINE PLANS TO ENTER GEORGIAN MARKET IN AUGUST
   (Daily News: July 26, 2016)

   Georgian Civil Aviation Agency reported that Jordanian air carrier Royal Falcon Airlines considers possibility of launch of operations on Amman-Tbilisi-Amman route in August. The airline has held negotiations with the Agency on the subject.

10. AGRICULTURE MINISTRY: IN 3 MUNICIPALITIES OF KAKHETI, CLOSED IRRIGATING NETWORK IS BUILT
    (Daily News: July 26, 2016)

    Agriculture Ministry reported that in terms of water supply to 7 villages of municipalities of Dedoplistskaro, Sagarejo and Signagi (Kakheti region), LLC Georgian Amelioration has built closed irrigating network. Cost of the project made up 350,000 lari, the Ministry said.

11. ECONOMY MINISTRY: IN SHANGHAI, MEETING WITH CHAIRMAN OF “CEFC CHINA” TOOK PLACE
    (Daily News: July 26, 2016)

    Georgian Ministry of Economy and Sustainable Development reported about meeting of the Minister Dimitri Kumsishvili and chairman of board of CEFC China Ye Jianming. The meeting at Shanghai headquarter of the company was held within working visit of Georgian minister to China.

12. ECONOMY MINISTER: WE WILL BRING INVESTMENT PROJECTS OF $7B AT SHANGHAI FORUM
    (Daily News: July 26, 2016)

    Georgian-Chinese business forum took place for the first time in Shanghai, being attended by heads of large Chinese corporations, reported Georgian Ministry of Economy and Sustainable Development.

    Before the forum, Georgia’s Minister of Economy Dimitri Kumsishvili declared: “At the forum, we will present investment projects of $7 billion”.

13. GEORGIAN PREMIER: DECISION ON VISA LIBERALIZATION WILL BE A TURNING POINT IN PROCESS OF GEORGIA’S RETURN TO EUROPEAN FAMILY
    (Daily News: July 26, 2016)

    The EU’s decision on visa liberalization with Georgia “will be a definite turning point in the process of Georgia’s return to European family”, Georgia’s Prime Minister Giorgi Kvirikashvili declared.

    “We do hope that decision on visa-free travel of Georgian citizens to EU countries is only a matter of time and it will be made soon”, Kvirikashvili said at ambassadorial, held today.

14. GEORGIAN PRESIDENT: UNUSED OPPORTUNITIES IN MODERN REALITY MEAN RETREAT BACK
    (Daily News: July 26, 2016)

    “In modern reality, unused opportunities mean retreat back”, Georgia’s President Giorgi Margvelashvili declared. “We have to know and understand that in the most difficult geopolitical situation, we must use all those opportunities, which are opened by geopolitical position of our country, foreign policy opportunities of our country”, he said at ambassadorial, held today.

15. Eugeorgia.Info: “REASONS, HAMPERING EXPORT OF INDUSTRIAL PRODUCTION TO EU, AND MARKET TRENDS”
    (Economic Press Monitor: July 26, 2016)

    Association agreement served as an impulse for AG Microelectronics to launch production of LED bulbs and TV sets in line with EU standards, the article says. The company is engaged in manufacturing of TV sets form May, while LED bulbs – for the past 10 months.

16. Tabula: “PRESIDENT OF NATIONAL BANK HAS PLACED OVER 96% OF HIS SAVINGS IN FOREIGN CURRENCY”
    (Economic Press Monitor: July 25, 2016)

    Koba Gvenetadze, president of National Bank of Georgia (NBG), declared recently that “the population itself has to get used to live without dollars and Georgian currency has to be a priority for it”.

    However, NBG president himself prefers foreign currency for placement of own savings, the magazine writes.

17. Kviris Palitra: “HOW EVENTS IN TURKEY WILL AFFECT ECONOMY OF GEORGIA”
    (Economic Press Monitor: July 25, 2016)

    Irina Guruli, program manager at Economic Policy Research Center, states that Turkey is opportunity for Georgia to reduce its energy dependence from Russia.

    While considering instability in the region, factors of oil and gas pipelines should be taken into account, Guruli points, noting that such (instable) situation will put in danger future initiatives and deepening of relationship of our countries.

18. GEORGIAN BUSINESSMEN FEDERATION DEMANDS RETURN OF THEIR FORMER BUILDING
    (Daily News: July 22, 2016)

    Georgian Businessmen Federation declared that court litigation is underway, being launched because of the building at Gergeti Str. 3 in Tbilisi, where the organization was located until 2008. Now, this building is in ownership of businessman Vano Chkhartishvili.

19. “G4G” RESEARCH: MOST PART OF GEORGIAN COMPANIES PERCEIVES TAX BURDEN AS AVERAGE
    (Daily News: July 22, 2016)

    Research, conducted by order of Governing for Growth (G4G, USAID-funded project), showed that 55% of Georgian companies perceived tax burden in the country as average.

    However, those companies, which are subjected to value added tax (VAT), profit and import taxes, perceive taxes as heavy burden, the G4G report stated.

20. “G4G” RESEARCH: BY LATE 2015, ONLY 6% OF SURVEYED COMPANIES USED TRADE REGIME, PROVIDED BY DCFTA
    (Daily News: July 22, 2016)

    Research, conducted by order of Governing for Growth (G4G, USAID-funded project), showed that only 6% of surveyed companies had used trade regime, envisaged by DCFTA (Deep and Comprehensive Free Trade Area Agreement with EU, enacted on September 1, 2014). 60% of these enterprises are large-sized LLCs.

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