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1. DEPUTY AGRICULTURE MINISTER: PERFECTION OF EXISTING AGROINSURANCE IS ESSENTIAL FOR AGRARIAN SECTOR’S DEVELOPMENT
   (Daily News: November 25, 2016)

   Deputy Agriculture Minister Giorgi Chkheidze declared that perfection of existing system of agricultural insurance is essential for development of agrarian sector.

   “I am sure that we will achieve success through public-private partnership”, Chkheidze declared at the meeting, held within project “Promoting Access to Finance and Agri-Insurance for Agricultural Value Chain Actors” (PAFAI).

2. Eugeorgia.Info: “GIORGI GAKHARIA PRESENTED PLANNED LEGAL INITIATIVES TO THE PARLIAMENT”
   (Economic Press Monitor: November 25, 2016)

   Giorgi Gakharia, candidate for Economy Minister’s post, stated that 3-4 legal initiatives have been already drafted in order to facilitate operation of stock exchange.

   These initiatives include are amendments in terms of insolvency and taxation, which the government will submit in 3-4 months to the Parliament for consideration, Gakharia declared at committee hearing in the Parliament.

3. “UNITED WATER SUPPLY COMPANY”: FRENCH “SUEZ” TO INVEST IN GEORGIA
   (Daily News: November 22, 2016)

   United Water Supply Company under Ministry of Regional Development and Infrastructure declared that French company Suez plans investment in development of water supply and sewerage infrastructure in 7 cities of Georgia.

   Director of United Water Supply Company Giorgi Koberidze discussed the mentioned at the meeting with representatives of Suez.

4. ACTING PRIME MINISTER: GEORGIA’S EUROPEAN AND EURO-ATLANTIC INTEGRATION PROCESS IS IRREVERSIBLE
   (Daily News: November 22, 2016)

   “Process of Georgia’s European and Euro-Atlantic integration is irreversible”, Georgia’s acting Prime Minister Giorgi Kvirikashvili declared. “Coordination mechanism will be even more strengthened in future, for effective implementation of association agreement and association agenda”, he assured.

5. MINISTERS OF ECONOMIC BLOCK CHANGED IN NEW CABINET
   (Daily News: November 22, 2016)

   Georgia’s acting Prime Minister Giorgi Kvirikashvili has presented members of new Cabinet today.

   New composition of the government and the governmental program for 2016-2020, named “Freedom, Rapid Development and Prosperity”, have been submitted to the Parliament, administration of the government announced.

6. Rezonansi: “NETWORK MARKETING – UNKNOWN TRAP FOR GEORGIANS”
   (Economic Press Monitor: November 22, 2016)

   Companies, operating according to network marketing principle, have become very active recently, the newspaper states. Experts compare such organizations with financial pyramids and suggest people to be careful.

7. “SILK ROAD BANK” FIXED LOSS IN Q3 AGAIN
   (Daily News: November 21, 2016)

   Silk Road Bank reported loss of 1.32 million lari as of September 30. In the same period of 2015, the bank had net profit of 1.76 million lari.

8. Forbes Georgia: “GEORGIAN AVIATION”
   (Economic Press Monitor: November 21, 2016)

   As the Prime Minister Giorgi Kvirikashvili declared short time ago, “We want to arrange as much small airfields in Georgia as possible, in order to make them available for our population and tourists”.

   “One part of the ambitious plan is at the stage of realization – this is Ambrolauri airport”, the magazine says.

9. THE PARLIAMENT OF 9^TH CONVOCATION STARTED WORK
   (Daily News: November 18, 2016)

   Today, the Parliament of 9^th convocation held in Kutaisi its first plenary session, which was opened by the President Giorgi Margvelashvili. As he noted, “Political process never ends with elections, but on the contrary, it just begins”.

10. PREMIER: A HUMAN BEING HAS ALWAYS BEEN THE PRIME AND SUPREME VALUE FOR OUR GOVERNMENT
    (Daily News: November 17, 2016)

    At the last meeting of the government today, before approval of new Cabinet, Georgia’s Prime Minister Giorgi Kvirikashvili summarized results of 4 years, passed since won of parliamentary elections in 2012 by ruling Georgian Dream.

    “What makes me most proud is that the prime and supreme value for our government has always been a human being and every step, we took together, was aimed towards, about, around and for humans”, declared the Premier.

11. Tabula: ““SILK ROAD GROUP” DECIDED TO RESUME “TRUMP TOWER” PROJECT”
    (Economic Press Monitor: November 17, 2016)

    Silk Road Group decided to resume Trump Tower project, which stands idle in Batumi so far, the magazine reports, referring to the company’s realty department chief Giorgi Marr. Cost of 47-storey Trump Tower makes up $250 million.

12. AGRICULTURE MINISTRY: GEORGIA STARTS WINE EXPORT TO CHINA’S HUNAN PROVINCE
    (Daily News: November 15, 2016)

    Agriculture Ministry announced about start of Georgian wine export to Hunan province of China. The mentioned was declared by head of National Wine Agency Giorgi Samanishvili after his working visit to China.

13. Rezonansi: “PEOPLE PAY BY 900M LARI MORE IN ORDER TO REPAY LOANS”
    (Economic Press Monitor: November 15, 2016)

    Soso Archvadze, former vice-chairman of Statistics Department, explains increased cost of loans with double problem – devaluation of lari and inflation, caused by the fact that 70% of Georgia’s consumer market depends on import.

    “As large part of credits is issued in foreign currency (particularly in the US dollar), of course, drop of lari rate directly affects that rate of interest, which people pay upon covering debts”, he says, pointing that major part of Georgian employees’ revenues is issued in lari.

14. Tabula: “NAMCHAVADZE: REGULATION, ADOPTED IN TERMS OF LARI STRENGTHENING, WILL SLOW ECONOMIC GROWTH”
    (Economic Press Monitor: November 15, 2016)

    Prime Minister Giorgi Kvirikashvili declared that the government, jointly with National Bank of Georgia, works on regulation, which aims to maintain lari rate stability.

    Beso Namchavadze, lecturer at Free University, considers that “the Premier is talking about some kind of banking regulations; maybe, extra regulations will be established on volume of loans to be issued in dollars”.

15. Liberali: “PRIME MINISTER: LARI DEVALUATION IS CAUSED BY POSITIVE PROCESS – CONSUMPTION IS INCREASED”
    (Economic Press Monitor: November 14, 2016)

    While commenting on lari devaluation, Prime Minister Giorgi Kvirikashvili pointed that “Consumption in the country is significantly increased”, besides, “Prices on export, key markets have dropped drastically, export failed to overtake import and the mentioned led to the situation what we have now”. “Import correction has been already started and the rate will be definitely stabilized”, he assured.

16. ECONOMY MINISTRY: REAL ESTATE AT POLITKOVSKAYA STREET IN TBILISI IS HANDED OVER TO “EDUCATION DEVELOPMENT GROUP”
    (Daily News: November 11, 2016)

    Ministry of Economy and Sustainable Development declared that one more Newton School will be opened in Tbilisi.

    For this purpose, State Property Agency has handed over real estate, located at Politkovskaya St., 30, to LLC Education Development Group, owner of Newton Free School, for 500,000 lari.

17. THE GOVERNMENT: “BASF” ENTERS GEORGIA
    (Daily News: November 11, 2016)

    The government declared that German chemical producer BASF has opened its regional office in Georgia.

    As Georgia’s Prime Minister Giorgi Kvirikashvili declared yesterday at reception, dedicated to the office opening, presence of this company “provides a quality stamp to Georgia’s economic and regulatory environment”.

18. Forbes Georgia: “WHAT’S WRONG WITH LARI?”
    (Economic Press Monitor: November 10, 2016)

    The article reviews factors, affecting lari rate.

    “Executive power assures that recent devaluation of lari is not caused by fiscal pressure, as it was observed in 2013 because of uneven budget spending [Georgian] Dream’s government”, the magazine reports.

19. GEORGIAN PREMIER: GEORGIA IS GRADUALLY SHAPING INTO AN INTERNATIONAL EDUCATION HUB OF THE REGION
    (Daily News: November 7, 2016)

    “Georgia is gradually shaping into an international education hub, a center – of the region and not only of the region”, Prime Minister Giorgi Kvirikashvili declared.

    In Georgia, there are up to 10,000 foreign students now and more than half of them study medicine, the Premier said.

20. GEORGIA AND ITALY DISCUSSED BILATERAL RELATIONS
    (Daily News: November 7, 2016)

    Italy’s Foreign Affairs and International Cooperation Minister Paolo Gentiloni arrived to Georgia with official visit.

    At the meeting between Gentiloni and Georgia’s Prime Minister Giorgi Kvirikashvili, the parties discussed Georgian-Italian bilateral relations and Georgia’s European and Euro Atlantic integration process, administration of Georgian government said.

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