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1. Eugeorgia.Info: “FORWARDER COMPANIES FOLLOW FREIGHTS, OUTFLOWED THROUGH COMPETITIVE CORRIDORS”
   (Economic Press Monitor: July 22, 2016)

   The article reviews situation in freight transportation sphere. As mentioned, Georgian Railway and APM Terminals Poti have answered questions in written.

2. COMMUNICATION COMMISSION: FILES OF ADMINISTRATIVE PROCEEDINGS ON “AKHALI KSELEBI” AND “GEORGIAN CENTRAL COMMUNICATION CORPORATION” PASSED TO THE FINANCE MINISTRY
   (Daily News: July 21, 2016)

   National Communication Commission declared that files of administrative proceedings on LLC Akhali Kselebi and LLC Georgian Central Communication Corporation have been passed to the Finance Ministry’s Investigative Service.

   The Commission specified that international calls’ monitoring, conducted in March and April, revealed violations in international calls’ termination, made through numeration resources of the mentioned companies.

3. “GEORGIAN RAILWAY” PAID DIVIDENDS OF 21.85M LARI IN 2015
   (Daily News: July 20, 2016)

   JSC Georgian Railway reported that dividends of 25.54 million lari were declared in 2015. At that, volume of paid dividends made up 21.85 million lari (0.02 lari per share).

4. “GEORGIAN RAILWAY” HAD LOSS OF 65.5M LARI IN 2015
   (Daily News: July 20, 2016)

   JSC Georgian Railway reported loss of 65.5 million lari for 2015. In 2014, the JSC had net profit of 34.29 million lari.

5. PARTNERSHIP FUND DISCUSSED PROSPECTS OF COOPERATION WITH “CHINA-EURASIAN ECONOMIC COOPERATION FUND”
   (Daily News: July 20, 2016)

   Georgian Partnership Fund reported about consideration of cooperation prospects, held at the meeting with representatives of China-Eurasian Economic Cooperation Fund.

   Representatives of this Chinese investment fund expressed desire of financial participation and strategic partnership, Georgian Fund said.

6. OPPOSITION MP: THE GOVERNMENT DOES NOTHING TO RISE GEORGIA’S PRODUCTIVITY AND SUPPORT TRADE GROWTH
   (Daily News: July 20, 2016)

   Mikheil Machavariani, MP from opposition United National Movement (UNM), pointed that export declines already for the second year and import continues decline too.

   “This once more indicates that the government does nothing in order to rise Georgia’s productivity and support trade growth”, opposition MP declared.

7. ECONOMY MINISTER: AGREEMENT ON DIAGONAL CUMULATION REACHED WITH TURKEY
   (Daily News: July 20, 2016)

   Dimitri Kumsishvili, Minister of Economy and Sustainable Development, declared that Georgian side reached agreement with Turkey, according to which production, manufactured in Georgia under special scheme from Turkish raw materials, will enter EU market without taxation. That scheme, so-called “diagonal cumulation”, will allow Georgia to create new jobs and develop new branches, he pointed.

8. The Financial: “GEORGIA AS A TOP TOURIST DESTINATION: BEHIND THE SCENES”
   (Economic Press Monitor: July 20, 2016)

   Data, published recently by Georgia’s National Tourism Administration, shows that Georgia has experienced significant growth of number of international arrivals: growth rate since 2014 makes up 14%, while global rate does not surpass 3.4%, the newspaper states.

   However, some experts of the industry declare that the potential is still to be exploited better.

9. LABOR MARKET ANALYSTS: GEORGIAN EMPLOYERS NEED MID-LEVEL TECHNICIANS AND MANAGERS TO GROW THEIR BUSINESSES
   (Daily News: July 19, 2016)

   Labor market analysts have established that employers in Georgia need mid-level technicians and managers to grow their businesses. However, they are finding difficulty in seeking of skilled staff.

10. ECONOMY MINISTRY: CHINESE “JAC INTERNATIONAL COMPANY” INTERESTED IN PRODUCTION IN GEORGIA
    (Daily News: July 19, 2016)

    Ministry of Economy and Sustainable Development reported that Chinese car manufacturer JAC International Company expressed interest for manufacturing development in Georgia. In these terms, the company holds negotiations with Georgian government and private structures, the Ministry noted.

11. CO-INVESTMENT FUND’S MANAGING DIRECTOR ON ENERGY AND INFRASTRUCTURE: OUR GOAL IS TO OFFER FOREIGN INSTITUTIONAL INVESTORS THE STRONG INVESTMENT PLATFORM
    (Daily News: July 19, 2016)

    Irakli Menabde, Georgian Co-Investment Fund’s managing director on energy and infrastructure, declared that “Our main goal is to offer large foreign institutional investors a strong investment platform, represented by the Fund”. He said this in recent interview to the US business channel CNBC.

12. BUSINESS DELEGATION OF SLOVENIA TO VISIT GEORGIA IN SEPTEMBER
    (Daily News: July 19, 2016)

    Georgian Chamber of Commerce and Industry reported that business delegation of Slovenia will visit Georgia in September. The Slovenian companies are interested in investment in Georgia, the Chamber said.

13. ECONOMY MINISTRY: GEORGIA AND TURKEY SIGNED SEVERAL IMPORTANT AGREEMENTS WITHIN STRATEGIC PARTNERSHIP
    (Daily News: July 19, 2016)

    Several important agreements have been signed within Georgia-Turkey strategic partnership during visit of Georgia’s governmental delegation to Turkey, Georgian Ministry of Economy and Sustainable Development reported.

    As the Ministry said, among these documents are updated agreement on investments’ protection and promotion, additional agreement on international combined freight shipment and agreement on railway cargo shipment and passengers’ transportation.

14. THE GOVERNMENT: STRATEGIC COOPERATION BETWEEN GEORGIA AND TURKEY IS DEEPENING EVEN MORE
    (Daily News: July 19, 2016)

    Georgian government reported that high-level council on Georgia-Turkey strategic cooperation held its first meeting in Ankara today, in which prime ministers of the two countries had took part. As administration of Georgian government declared, strategic cooperation between Georgia and Turkey is deepening even more.

15. COPPER LED IN GEORGIAN EXPORT AGAIN
    (Daily News: July 19, 2016)

    Sakstat reported that in Georgia’s export for January-June, copper ore and concentrates occupied top position again.

    In the reporting period, export of the mentioned article amounted to $147.87 million (15.6% of Georgia’s total export), increasing by 14.1% year-on-year.

16. IN JANUARY-JUNE, GEORGIAN EXPORT TO EU DECLINED BY 22% Y-O-Y, WHILE GEORGIA’S IMPORT FROM EUROPE GREW BY 4%
    (Daily News: July 19, 2016)

    Sakstat reported that Georgia’s trade turnover with EU countries amounted for January-June to $1.39 billion. If compared with the same period of 2015, the volume has decreased by 2%.

17. VOCATIONAL EDUCATION’S ROLE IN ECONOMIC DEVELOPMENT DISCUSSED IN TBILISI
    (Daily News: July 18, 2016)

    First annual international conference “Role of Vocational Education in Economic Development” was held in Tbilisi, being supported by Millennium Challenge Account – Georgia.

    About 200 foreign and Georgian delegates, representing the state structures, business sector, as well as civil organizations and international institutions, took part in the event.

18. Eugeorgia.Info: “THE “THIRD WAVE” OF JUDICIAL REFORM AND LIABILITIES, UNDERTAKEN BY ASSOCIATION AGREEMENT”
    (Economic Press Monitor: July 18, 2016)

    Pack of amendments, drafted by the Justice Ministry within “third wave” of judicial reform, was submitted to the Parliament for approval in September 2015, Eugeorgia.Info notes. However, draft bills, which passed already two hearings, are still in expectation of voting, the article states.

19. REPRESENTATIVE OF “FITCH RATINGS”: STABILITY OF MONEY INFLUX, THEIR GOOD PREDICTABILITY AND TRANSPARENCY ARE IMPORTANT FOR CREDIT INVESTORS
    (Daily News: July 15, 2016)

    International rating agency Fitch Ratings held an annual conference in Tbilisi last week, one of which topics was challenges and prospects of corporate bonds’ emission in Georgia. Head of Fitch Ratings’ corporate department for Russia-CIS Nikolay Lukashevich spoke on the subject with Sarke.

20. OIL AND GAS CORPORATION: OVERHEAD PASS TO BE BUILT ON NORTH CAUCASUS – SOUTH CAUCASUS GAS PIPELINE’S RIVER SECTION
    (Daily News: July 15, 2016)

    Georgian Oil and Gas Corporation reported that overhead pass will be built on river Kuros Khevi section (Kazbegi municipality of Mtskheta-Mtianeti region) of North Caucasus-South Caucasus gas main (1,200 mm). Cost of the works makes up 1.48 million lari, the Corporation said.

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