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1. AJARA GOVERNMENT: MORE THAN 15M LARI INVESTED IN FURNITURE ENTERPRISE “GLORIA”, WHILE 20M LARI – IN LLC “BTM TEXTILE”
   (Daily News: February 16, 2017)

   Ajara government reported that furniture enterprise Gloria, which operates since 2013, has invested already been more than 15 million lari. The enterprise employs over 130 people.

2. Rezonansi: “WHO AND WHY PLANNED TO POISON THE PATRIARCH”
   (Economic Press Monitor: February 14, 2017)

   The guard of the Patriarch Ilia II in Berlin hospital is strengthened, the newspaper reports, noting that part of clerics do not believe to the statement of the Prosecutor’s Office concerning attempt of the priest Giorgi Mamaladze to poison the Patriarch and have questions in this regard, while part of them completely trust to the Prosecutor’s Office.

   Part of those, familiar with situation in the Patriarchate, says that fight for legacy of the Patriarch Ilia II has started already in his life and the scandal, raised on poisoning, takes its roots exactly in this fight, the article says.

3. CONSTITUTIONAL COURT REJECTED SUIT OF GEORGIAN BANKS ASSOCIATION AND GEORGIAN BUSINESS ASSOCIATION
   (Daily News: February 13, 2017)

   Constitutional Court decided to reject the suit of Giorgi Nodia, Georgian Banks Association and Georgian Business Association. The decision is final and is not subjected to appeal or revision.

4. THE GOVERNMENT: WB TO COOPERATE WITH GEORGIA IN EDUCATION REFORM
   (Daily News: February 10, 2017)

   Georgian government declared that the World Bank will cooperate with Georgia in terms of education reform. Georgia’s Prime Minister Giorgi Kvirikashvili and the World Bank’s global education practice manager Christian Aedo discussed the mentioned issue at the meeting yesterday.

5. Eugeorgia.Info: “DIRECT EFFECTS OF DCFTA ARE REFLECTED IN GROWTH OF GEORGIAN WINE EXPORT TO EU COUNTRIES”
   (Economic Press Monitor: February 10, 2017)

   Already more than 2 years have passed after enactment of Deep and Comprehensive Free Trade Area Agreement between Georgia and the EU.

   DCFTA did not had direct financial effects on exporters of those products, which had enjoyed GSP+ preferential tariffs, the article states.

6. Netgazeti.Ge: “FAILED MEMORANDUM, WHICH ENVISAGED CONSTRUCTION OF NEW BUILDING FOR “PUBLIC BROADCASTER””
   (Economic Press Monitor: February 8, 2017)

   In 2015, there was plan, envisaging construction of new building for Public Broadcaster and its equipment with modern technologies, the newspaper reports. The investor, Economy Ministry and Public Broadcaster even signed the memorandum for that end, but the idea failed then, the article states.

7. Tabula: “MINISTERS HAVE HIGHER REMUNERATION THAN THE PRIME MINISTER”
   (Economic Press Monitor: February 8, 2017)

   According to income declaration of the Prime Minister Giorgi Kvirikashvili, his wage in 2016 amounted to 51,369 lari. As the article states, the Cabinet members were paid higher remuneration than the head of the Government.

8. Rezonansi: “LOANS’ CONVERSION PROGRAM FAILED!”
   (Economic Press Monitor: February 7, 2017)

   Population, burdened with credits’ do not trust to loan conversion project, the newspaper states.

   Irakli Berdzenadze, head of company Private Banker, declares that since the loan conversion program has been launched and people applied to banks, borrowers realized that this would only raise cost of their loan liability.

9. ECONOMY MINISTRY: “MATERIEL” OPENED SEWING ENTERPRISE IN TBILISI
   (Daily News: February 3, 2017)

   The company Materiel has built in Tbilisi a sewing factory of European standards, which employs currently about 250 people, Economy and Sustainable Development Ministry announced. In future, the staff will be “sufficiently increased”, the Ministry said, indicating that plans scope launch of shoes line as well.

10. THE GOVERNMENT: IFC IS INTERESTED TO EXPAND ACTIVITY IN GEORGIA
    (Daily News: February 2, 2017)

    International Financial Corporation (IFC, member of the World Bank group) is interested to expand activity in Georgia, administration of the government announced.

    That was declared at today’s meeting of Georgia’s Premier Giorgi Kvirikashvili and IFC regional director for Europe and Central Asia Tomasz Telma.

11. EUROPEAN PARLIAMENT APPROVED VISA-FREE REGIME FOR GEORGIA
    (Daily News: February 2, 2017)

    Under a new law passed by European Parliament today, Georgian citizens will be able to enter the Schengen area without a visa for short stays, EU representation in Georgia announced.

    The law was approved by 553 votes against of 66, with 28 abstentions.

12. “LOPOTA TOUR SERVICE” TO GET STATE-OWNED PROPERTY
    (Daily News: January 31, 2017)

    According to the government’s decree, state-owned property will be handed over to LLC Lopota Tour Service in lease.

    Namely, the company will hold non-agricultural land plot of 54,984 square m in Napareuli village of Telavi municipality (Kakheti region) under 49-year lease.

13. GEORGIAN PREMIER CONSIDERED PROSPECTS OF GEORGIA-EU COOPERATION WITH REPRESENTATIVES OF EUROPEAN COMMISSION
    (Daily News: January 31, 2017)

    Georgia’s Prime Minister Giorgi Kvirikashvili held a meeting today with high-rank officials of European Commission – Director General for Neighborhood and Enlargement Negotiations Christian Danielsson and Managing Director for Europe and Central Asia at European External Action Service Thomas Mayr-Harting.

    As administration of Georgian government said, the parties discussed prospects of Georgia-EU cooperation, in particular, the new 2017-2020 Association Agenda and preparations for the upcoming 5^th Eastern Partnership Summit.

14. Netgazeti.Ge: “WHO WILL REIMBURSE LOSS TO TRADERS OF BURNT “CHILDREN’S WORLD” MALL”
    (Economic Press Monitor: January 31, 2017)

    Tbilisi Mayor David Narmania said that full responsibility of fire, which has burnt trade mall Children’s World on January 30, is on administration of the mall.

    However, lawyer of the mall Vazha Maisuradze says that the center’s lessees and sub-lessees are independent entities and it was their responsibility to protect the burnt property.

15. Rezonansi: “START OF LOANS’ LARIZATION PROGRAM IS VERY BAD”
    (Economic Press Monitor: January 31, 2017)

    President of Georgian Banks Association Zurab Gvasalia reports that by the moment, 400 loans have been converted in the national currency. “I am sure, this statistics will be higher by end of the month, as there is still a process of expectation and decision-making”, he declares.

16. THE PREMIER: WE MUST HELP AS FAR AS POSSIBLE TO TRADERS, SUFFERED BECAUSE OF FIRE AT “CHILDREN’S WORLD”
    (Daily News: January 30, 2017)

    “We must help as far as possible” to traders, who suffered losses because of last night’s fire at Tbilisi trade center Children’s World, Prime Minister Giorgi Kvirikashvili declared.

    The Premier declared the mentioned at today’s meeting with economic team of the Cabinet and president of National Bank of Georgia (NBG).

17. THE GOVERNMENT: CONSTRUCTION OF “SHUAKHEVIHES” IS NEAR TO END
    (Daily News: January 30, 2017)

    Prime Minister Giorgi Kvirikashvili held recently a meeting with representatives of company Acharistskali Georgia, administration of the government reported.

    As the administration said, it was announced at the meeting that construction of Shuakhevi hydroelectric station in Ajara is near to completion.

18. Eugeorgia.Info: “HOW TO GROW RASPBERRY – SCARCE FRUIT IN GEORGIA AND EUROPE”
    (Economic Press Monitor: January 30, 2017)

    Entrepreneur Giorgi Koreli says that “Raspberry is scarce product; our production does not meet the market demand”.

    Sakstat reported that in 2013, Georgia imported 460 t of frozen and fresh raspberry from Turkey, Russia and Germany.

19. ECONOMY MINISTER: THERE IS A LOSS IN ECONOMIC PART OF AGREEMENT WITH “GAZPROM”, BUT POLITICAL RISKS DECREASED
    (Daily News: January 27, 2017)

    Giorgi Gakharia, Minister of Economy and Sustainable Development, declared that “There are losses in the economic part of agreement [signed with Russian Gazprom], but political risks have decreased”. Under this agreement, “our dependence on Russian gas is zero”, he assured.

20. Tabula: “GAKHARIA: AGREEMENT WITH “GAZPROM” IS NOT A VICTORY IN ECONOMIC PART”
    (Economic Press Monitor: January 27, 2017)

    Giorgi Gakharia, Minister of Economy and Sustainable Development, states that “Agreement [with Russian gas giant Gazprom] is not a victory in economic part”.

    “Most attacks on this agreement claim growth of political risks, while this in not true”, the Minister says.

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