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1. GEORGIAN PREMIER: GEORGIA-GREECE RELATIONS ADVANCE TO STRATEGIC PARTNERSHIP LEVEL
   (Daily News: March 7, 2017)

   Georgia’s Prime Minister Giorgi Kvirikashvili declared that Georgia-Greece relations are progressing to the level of strategic partnership.

   The Premier said the mentioned at the meeting with Greek Foreign Minister Nikos Kotzias, held in Tbilisi today.

2. PREMIER OFFERS ESTABLISHMENT OF MEDIA OMBUDSMAN INSTITUTION
   (Daily News: March 6, 2017)

   “Not a single question mark should exist” about issue of Rustavi-2 broadcasting company, Georgia’s Prime Minister Giorgi Kvirikashvili declared.

   “Exactly because of this, I offer establishment of Media Ombudsman institution, where most reputable international media rights observers will be invited”, the Premier said in his statement, released today.

3. IMF TO CONSIDER APPROVAL OF NEW PROGRAM FOR GEORGIA IN APRIL
   (Daily News: March 2, 2017)

   Executive board of IMF will consider approval of new program for Georgia in April.

   To remind, Georgian Finance Ministry declared yesterday about achievement of agreement with the IMF mission concerning start of 3-year program in Georgia, which envisages allocation of $285 million (201.4 million SDR, Extended Fund Facility) to the country.

4. ECONOMY MINISTRY: GEORGIA AND BELARUS SIGNED AGREEMENTS ON INVESTMENT SUPPORT AND AIR TRAFFIC
   (Daily News: March 1, 2017)

   Georgian Ministry of Economy and Sustainable Development reported that agreements on support and protection of investments, as well as air traffic were signed between Georgia and Belarus within visit of the Minister Giorgi Gakharia to Minsk.

   Gakharia pointed that signing of investment supporting and protection agreements “usually, are followed by jump in companies’ activity and inter-investment interest”.

5. Rezonansi: “SOON, TENS OF ONLINE CREDIT COMPANIES WILL SHOOT DOWN”
   (Economic Press Monitor: March 1, 2017)

   Giorgi Kepuladze, head of Society and Banks, forecasts that big part of online and microfinance organizations will not be capable to withstand new regulations.

   “Intensive closure of microfinance companies is connected to those changes, which follow introduction of upper limit for effective interest rate”, Kepuladze specifies.

6. Kviris Palitra: “EFFECT OF LARIZATION”
   (Economic Press Monitor: February 27, 2017)

   During last week, lari has strengthened against the US dollar by 5 tetri. The newspaper brings comments on the mentioned trend, made by executive director of Georgian Banks Association Giorgi Tsutskiridze and doctor of economics David Aslanishvili.

7. Bankebi da Finansebi: “OUT OF TOTAL 27,000 LOANS, 1,525 ONES ARE CONVERTED TO LARI”
   (Economic Press Monitor: February 24, 2017)

   Out of 27,000 mortgage loans, taken by private individuals before 2015, 1,525 ones have been converted to lari by now.

   Total portfolio of loans, eligible for larization, amounts to $18.5 million, of which 5.6% are converted within the governmental program, subsidized with 65 million lari, the newspaper reports.

8. GEORGIAN PREMIER: ARMENIA’S PRIME MINISTER HAD INTERESTING OFFERS ON UTILIZATION OF COMMON MARKET’S POTENTIAL AND COOPERATION IN VARIOUS SPHERES
   (Daily News: February 23, 2017)

   Today, Prime Minister of Armenia Karen Karapetyan arrived to Georgia with 2-day official visit.

   After meeting with Armenian counterpart, Georgia’s Prime Minister Giorgi Kvirikashvili declared that Karapetyan “had interesting offers on utilization of common market’s potential and cooperation between two countries in various spheres”.

9. ECONOMY MINISTER: IN REMAINED 10 YEARS, “TAV GEORGIA” CAN RAISE PRICE ONLY TWICE
   (Daily News: February 22, 2017)

   Minister of Economy and Sustainable Development Giorgi Gakharia declared that growth of airport dues, agreed with TAV Georgia (operator of Tbilisi and Batumi airports), is “optimal new variant, which we reached as a result of revision of the contract with them”.

   Old version of the contract had allowed TAV Georgia to increase the dues every year by $2, while new contract allows growth of dues by $2 only 2 times, the Minister explained.

10. ECONOMY MINISTER: CURRENT RULE OF THE PATRIARCHY’S FINANCING SHOULD NOT BE CHANGED
    (Daily News: February 22, 2017)

    Minister of Economy and Sustainable Development Giorgi Gakharia considers that current rule of budgetary financing of Georgian Patriarchy should not be changed.

    “I consider that it is that question which should not be solved at the party level, and we have to make the decision by nationwide consideration”, the Minister declared to journalists.

11. ECONOMY MINISTER: PUBLIC CONSIDERATIONS ON THE PENSION REFORM WILL BEGIN IN MARCH
    (Daily News: February 22, 2017)

    Minister of Economy and Sustainable Development Giorgi Gakharia declared that work on pension reform is actively underway and public considerations will begin in March.

    “The main thing is to finish drafting of the law, in which the World Bank, ADB and other international financial organizations are involved”, the Minister noted.

12. ECONOMY MINISTER: THE MAIN THING IS BANKING SUPERVISION BE OBJECTIVELY STRONG
    (Daily News: February 22, 2017)

    Minister of Economy and Sustainable Development Giorgi Gakharia said that banking supervision could be function of the National Bank of Georgia (NBG), as well as be out of its competence, pointing that “this will not be reflected on its nature”. “The main thing is that be objectively strong, especially in such banking system as our”, he declared.

13. ECONOMY MINISTER: LARIZATION COMPONENT WAS ABSOLUTELY THOUGHT OVER SOCIAL STEP
    (Daily News: February 22, 2017)

    “All of us well understand that dollarization level poses serious risk for our economy”, Minister of Economy and Sustainable Development Giorgi Gakharia said.

    The larization component, offered by the government (conversion of mortgage loans, taken in the US dollars before 2015, to lari), “was absolutely thought over social step”, the Minister declared and added: it was “the good will of the state, offered to population as a result of realization of social responsibility”.

14. THE GOVERNMENT: GOVERNMENTAL GROUP WORKS ON WINTER SPORTS’ DEVELOPMENT
    (Daily News: February 21, 2017)

    Prime Minister Giorgi Kvirikashvili declared that Georgia aims to host in near future championships of International Ski Federation.

    As administration of the government said, special governmental group was set up by the Premier’s initiative for winter sports’ development, as well as implementation of concrete programs and projects.

15. EDUCATION AND SCIENCE MINISTER APPOINTED VICE-PREMIER
    (Daily News: February 21, 2017)

    Education and Science Minister Aleksandre Jejelava has been appointed as the Vice-Premier. As administration of the government announced, he will be the third Vice-Premier and will be in charge of public relations and youth policy.

16. GEORGIAN PREMIER: THE DYNAMICS, WHICH WE HAVE IN OUR RELATIONS WITH THE US, ARE VERY POSITIVE
    (Daily News: February 21, 2017)

    “The dynamics, which we have in our relations with the US, are very positive”, Georgia’s Prime Minister Giorgi Kvirikashvili declared. He said the mentioned at the government meeting today, while summarizing his meeting with US Vice President Mike Pence.

17. Tabula: “THE COURT DECLARED NOT GUILTY MEN, CONVICTED OF “TELASI” MANAGER’S KILLING”
    (Economic Press Monitor: February 20, 2017)

    Giorgi Gvichiani and Nika Chemia, convicted of TELASI financial manager’s killing, were declared not guilty by the Court of Appeal and freed from the hall, Tabula reports.

    Gvichiani and Chemia were sentenced life imprisonment, but this sentence was changed with 15-year imprisonment in July 2014, while in the end of 2016, Prosecutor’s Office decided to re-investigate the case.

18. ECONOMY MINISTER: FOR THE GOVERNMENT, IT IS IMPORTANT THAT AS MANY TURKISH AND AZERI COMPANIES AS POSSIBLE WILL USE ADVANTAGE, OFFERED BY GEORGIA
    (Daily News: February 17, 2017)

    Giorgi Gakharia, Minister of Economy and Sustainable Development, declared that for Georgian government, it is important that “as many Turkish and Azeri companies as possible will use all those advantages, which Georgia offers to interested investors”.

    The Minister said the mentioned at trilateral Georgian-Turkish-Azerbaijan business forum in Istanbul, which is held already for the fifth time.

19. GEORGIAN ECONOMY MINISTER AND TURKISH INDUSTRY MINISTER CONSIDERED DEEPENING OF ECONOMIC COOPERATION
    (Daily News: February 17, 2017)

    Georgian Ministry for Economy and Sustainable Development reported that the Minister Giorgi Gakharia, who took part in trilateral business forum in Istanbul, met with Turkish Minister of Science, Technology and Industry Faruk Ozlu. The parties discussed deepening of economic cooperation between two countries, the Ministry said.

20. ITALIAN-GEORGIAN BUSINESS FORUM TO BE HELD IN ROME
    (Daily News: February 17, 2017)

    On March 8, Italian Ministry of Foreign Affairs and International Cooperation will host Italian-Georgian business forum in Rome, Italian embassy to Georgia announced.

    Georgian delegation, which will took part in the forum, will be headed by the Prime Minister Giorgi Kvirikashvili.

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