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1. PRIME MINISTER: DATE OF ELECTIONS WILL NOT CHANGE
   (Daily News: April 8, 2016)

   Prime Minister Giorgi Kvirikashvili declared that parliamentary elections will take place on October 8 of this year and “this is the political decision”.

   The Premier stated the mentioned before the government meeting today and noted that the country “will not be able to live 7 months in the pre-election mode”.

2. SILK ROAD CHAMBER OF INTERNATIONAL COMMERCE SIGNED MEMORANDUMS WITH GEORGIAN SIDE
   (Daily News: April 6, 2016)

   Within its visit to Georgia, delegation of Silk Road Chamber of International Commerce (SRCIC) signed memorandums with Georgian Chamber of Commerce and Industry and Partnership Fund.

   According to memorandum, signed with Partnership Fund, the sides agree on general principles of cooperation, including opportunities of joint projects’ implementation in Georgia.

3. Rezonansi: “MINISTER WILL NOT BE FIRED UNTIL JULY, THEN “REPUBLICANS” MAY LEAVE”
   (Economic Press Monitor: April 6, 2016)

   Referring to own source at the Parliament, the newspaper states that no reshuffle is expected in the government until summer.

   The Prime Minister Giorgi Kvirikashvili plans first phase of governmental changes (replacement of Republican ministers) in July, after ending of summer session of the Parliament, while the second phase is scheduled 40 days prior to elections, in late August, the newspaper reports.

4. Rezonansi: “TERROR OF “COLLECTION COMPANIES” IS ILLEGAL!”
   (Economic Press Monitor: April 5, 2016)

   There are about 30 “debt-collecting” agencies operating in Georgia, which have access to debtors’ personal data.

   Among the largest companies, engaged in collection of bad debts, are Triba, Credit Bureau, Reliable Auction, Capto Realty, Assets Management Group, IM Group.

5. Tabula: ““PANAMA PAPERS”: THE COMPANY, WHICH IVANISHVILI HAD “MISSED” IN DECLARATION”
   (Economic Press Monitor: April 4, 2016)

   While studying documentation of Panama intermediary company Mossack Fonseca within journalistic investigation, Panama Papers obtained information on that property of former or acting leaders of 72 countries, which was classified until now.

   Among such properties is Lynden Management Ltd, registered in Virgin Islands, which owner is Georgia’s ex-premier, billionaire Bidzina Ivanishvili.

6. THE GOVERNMENT: WB POSITIVELY EVALUATES COURSE OF IMPLEMENTATION OF PROGRAM FOR 2014-2017
   (Daily News: April 1, 2016)

   World Bank positively estimates course of implementation of program for 2014-2017. Respective statement was made by WB’s regional director for the South Caucasus Mercy Tembon, after her meeting with Georgia’s Prime Minister Giorgi Kvirikashvili, administration of Georgian government reported.

7. Eugeorgia.Info: “EXPORTERS DEMAND TO SHIP CARGO VIA KUTAISI AIRPORT”
   (Economic Press Monitor: April 1, 2016)

   Iago Bitarishvili, founder of company Chardakhi, declares that there is no effective logistics in Georgia, which causes problems especially for small exporters.

   “Frequently, we have to apply for air transportation, which is quite expensive”, Bitarishvili says, adding: “It should be taken into account that there is single terminal, operating in this field – Lasare, so uncompetitive environment is created”.

8. THE GOVERNMENT: “GEORGIAN DREAM” – “DEMOCRATIC GEORGIA” WILL PARTICIPATE IN ELECTIONS INDEPENDENTLY
   (Daily News: March 31, 2016)

   Parties, united in block before elections of 2012, will not take part in elections of this year together with Georgian Dream, administration of the government declared. The administration stressed that political party Georgian Dream – Democratic Georgia (established by billionaire Bidzina Ivanishvili) will take part in elections independently.

9. THE GOVERNMENT: “LGM INVESTMENTS” PLANS INCREASE OF INVESTMENT PORTFOLIO IN GEORGIA
   (Daily News: March 30, 2016)

   Georgian government reported that British investment fund LGM Investments (one of shareholders of Bank of Georgia) plans increase of investment portfolio in Georgia.

   As administration of the government said, the fund placed focus on financial and healthcare sectors.

10. “BLAUENSTEIN GEORGIA” INVESTED 18M LARI
    (Daily News: March 30, 2016)

    Blauenstein Georgia, established with Georgian-Swiss investments, declared that it has invested 18 million lari in Georgian agriculture. This meat producer company has several enterprises in Racha region, which employ up to 60 people.

11. GEORGIAN PREMIER: DEEPENING ECONOMIC PARTNERSHIP IS THE NEXT STEP IN OUR RELATIONS WITH GREAT BRITAIN
    (Daily News: March 30, 2016)

    Georgia’s Prime Minister Giorgi Kvirikashvili declared that “deepening economic relations is the next action in our relations” with Great Britain. “We can expect an interesting development of cooperation with Great Britain in terms of investments”, he pointed.

12. THE GOVERNMENT: “CALIK HOLDING” AND “GE POWER” PLAN IMPLEMENTATION OF NEW LARGE INVESTMENT PROJECTS IN GEORGIA
    (Daily News: March 29, 2016)

    GE Power and Turkish Calik Holding plan to implement new large investment projects in Georgia, administration of Georgian government reported.

    Heads of these companies discussed projects of new thermal power plant of combined cycle, wind and hydro power plants and construction of gas storage at the meeting with Prime Minister Giorgi Kvirikashvili today.

13. ISET POLICY INSTITUTE: BUSINESS CONFIDENCE INDEX IMPROVED IN Q1
    (Daily News: March 29, 2016)

    Georgian Business Confidence Index (BCI) gained 3 points in the current quarter (from 11 to 14), Policy Institute of International School of Economics at Tbilisi State University (ISET Policy Institute) declared.

    The Institute explains this improvement with dramatic strengthening of business expectations from 16 points in the 4^th quarter of 2015 to 38 index points in the 1^st quarter of 2016.

14. PREMIER’S FORECAST: GDP GROWTH TO MAKE UP 3-3.5% IN 2016, WHILE 5.5-6% – IN 2017
    (Daily News: March 29, 2016)

    In 2016, “We expect growth of 3-3.5%, while in 2017 – 5.5-6%”, Prime Minister Giorgi Kvirikashvili declared in his interview with CNN.

    To compare, according to key parameters of the budget, GDP is expected to growth in 2016 by 3%, while in 2017-2019 – by 5.5% annually.

15. OLIVE PROCESSING PLANT OPENED IN SIGNAGI MUNICIPALITY
    (Daily News: March 28, 2016)

    Olive processing factory has been recently opened in village Sakobo (Signagi municipality of Kakheti region). As administration of the government said, total investment cost of the project, implemented by Georgian Olive company, makes up about 5 million lari.

16. DEPUTY CHAIR OF FISCAL COMMITTEE: REGULATIONS FOR MICRO-FINANCIAL ORGANIZATIONS HAVE TO BE IMPROVED
    (Daily News: March 28, 2016)

    Nodar Ebanoidze, Deputy Chair of Fiscal Committee of the Parliament, considers that regulations for micro-financial organizations should be improved.

    In this regard, Ebanoidze indicates three key issues: regulation and oversight of customer protection, financial education and standards and norms of the sphere.

17. STATE PROGRAM APPROVED ON SUPPORT TO MILK-PRODUCING AGRICULTURAL COOPERATIVES
    (Daily News: March 25, 2016)

    At the meeting today, the government approved new state program, aiming support for milk-producing agricultural cooperatives. Cost of the program makes up 360,000 lari.

18. THE GOVERNMENT: GERMANY ALLOCATES CREDIT OF 135M EUR AND GRANT OF 5M EUR TO GEORGIA FOR INVESTMENT PROJECTS’ IMPLEMENTATION
    (Daily News: March 25, 2016)

    Georgian government will get Germany’s credit of 135 million EUR and grant of 5 million EUR, intended for implementation of investment projects. The funds will be allocated for investment projects in energy, municipal infrastructure and agriculture.

19. FUNDING INSTITUTION TO BE ESTABLISHED FOR STUDENTS’ START-UP IDEAS
    (Daily News: March 24, 2016)

    The Prime Minister Giorgi Kvirikashvili declared that institution for financing of students’ start-up ideas is expected to start operation in a month. That will be special foundation, established under the Partnership Fund and oriented specifically on the young people’s business initiatives, the Premier said.

20. PRIME MINISTER: DONOR-FUNDED PROJECTS OF 6B LARI ARE IMPLEMENTED IN GEORGIA
    (Daily News: March 24, 2016)

    Prime Minister Giorgi Kvirikashvili declared that currently more than 400 projects with total cost of 6 billion lari are implemented in Georgia, being funded by donor countries, international organizations and financial institutions.

    Kvirikashvili said the mentioned at the annual coordination forum of donors, held in Tbilisi today.

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