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1. 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.

2. 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.

3. 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.

4. 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.

5. Bankebi da Finansebi: “WE ENTERED QUITE REMOTE REGIONS OF THE COUNTRY, WHERE SERIOUS DEFICIT OF INTERNET IS OBSERVED”
   (Economic Press Monitor: March 24, 2016)

   Giorgi Tkeshelashvili, director general of Mobitel (mobile operator under Beeline trademark), says that the company has already covered more than 50% of the country. “We want this showing to grow constantly, so we make quite serious investments”, he declares in his interview to radio Fortuna.

6. PRIME MINISTER: THE GOVERNMENT WORKS ON PERFECTION OF INVESTMENT LEGISLATION
   (Daily News: March 23, 2016)

   Prime Minister Giorgi Kvirikashvili declared that the government, aiming improvement of business environment, is working on perfection of investment legislation. This would boost investment climate and facilitate development in Georgia, he pointed.

7. GEORGIAN PREMIER: GEORGIA AND BELARUS RUN BIG POTENTIAL TO ENHANCE ECONOMIC LINKS EVEN MORE
   (Daily News: March 22, 2016)

   Georgia’s Prime Minister Giorgi Kvirikashvili declared that Georgia and Belarus “run big potential to enhance economic links even more”. The Premier said the mentioned upon arrival with 2-day visit to Belarus today.

8. Forbes Georgia: “NATIONAL BANKER”
   (Economic Press Monitor: March 22, 2016)

   In his interview to the magazine, already former president of National Bank of Georgia (NBG) Giorgi Kadagidze declares: “With probability of 90%, we are at the “bottom” due to irrelevant regulations and decisions”. “But the risk that new thoughtless decisions will be made is very small”, he thinks.

9. PREMIER: THE GOVERNMENT IS READY TO MAKE MORE EFFORTS FOR SUCCESSFUL IMPLEMENTATION OF REFORMS, ENVISAGED BY EUROPEAN INTEGRATION
   (Daily News: March 21, 2016)

   “The government of Georgia is ready to make more efforts for successful implementation of reforms, envisaged by agenda of European integration”, Prime Minister Giorgi Kvirikashvili declared.

   At that, “Support to Georgia, provided by EU both from political point of view and in terms of financial or technical assistance, has crucial importance” in this process, the Premier pointed after meeting with European Commissioner for Trade Cecilia Malmstrom, held in Tbilisi today.

10. Kviris Palitra: “LARI WILL STRENGTHEN FURTHER”
    (Economic Press Monitor: March 21, 2016)

    Economic expert Demur Giorkhelidze points that lari has to be “not hard, but stable currency”.

    When National Bank of Georgia (NBG) and specifically Giorgi Kadagidze (ex-president of NBG) “are accused of allegedly inability to hold the rate, they were unable to do this with monetary and credit tools only, but they appeared in scapegoat’s position”, Giorkhelidze notes.

11. GOVERNMENT: FRENCH BILLIONAIRE ACQUAINTS WITH GEORGIA’S BUSINESS ENVIRONMENT
    (Daily News: March 17, 2016)

    French billionaire Mohed Altrad, founder of construction company Altrad Group and president of rugby club Montpellier, acquaints with Georgia’s business environment, administration of Georgian government reported.

    As the administration pointed, the businessman arrived to Georgia by invitation of Entrepreneurship Development Agency and Georgian office of Ernst&Young.

12. LIMITS EXPANDED TO HOTELS’ FUNDING WITHIN “PRODUCE IN GEORGIA” PROGRAM
    (Daily News: March 17, 2016)

    “Because of practical needs, being revealed in support to hotel industry, “Produce in Georgia” state program will be amended”, administration of the government declared.

    The amendments concern to support of hotels without international bran and envisage decrease of lower limit of loan from 500,000 lari to 200,000 lari with simultaneous increase of upper limit from 1 million lari to 2 million lari.

13. DEPARTMENT OF STRATEGIC PROJECTS’ COORDINATION TO BE ESTABLISHED IN THE GOVERNMENT’S ADMINISTRATION
    (Daily News: March 17, 2016)

    Monitoring and analysis department of the government’s administration will be rearranged into department of strategic projects coordination. This structure should provide coordination between public institutions in case of large infrastructure projects.

14. THE GOVERNMENT: PROVISION OF BASIC PENSIONS WILL BE ADJUSTING TO INFLATION
    (Daily News: March 17, 2016)

    Basic welfare payment to pensioners will be indexed according to inflation and will be added with new accumulation component, administration of the government declared.

    Today, Economic and Sustainable Development Ministry has reported action plan on pension system’s reform at the government meeting.

15. NBG’S BOARD NOMINATED KOBA GVENETADZE AS CANDIDACY ON THE POST OF NBG’S PRESIDENT
    (Daily News: March 16, 2016)

    Board of National Bank of Georgia (NBG) has decided today to nominate Koba Gvenetadze as candidacy on the post of NBG’s president.

    To remind, the Parliament has approved Gvenetadze, being presented by the President Giorgi Margvelashvili, as NBG board member on March 2.

16. Rezonansi: “GEORGIAN AUTOGAS IS DIRECTLY SOLD FROM BORING WELLS”
    (Economic Press Monitor: March 15, 2016)

    Tank trucks with local compressed natural gas (CNG) became very frequent in Georgia, especially in its eastern regions; besides, drivers are able to fill their vehicles with CNG near oil boring well, the newspaper reports. As the article notes, 1 cubic m costs 1.13 lari in this case.

17. Eugeorgia.Info: “OFFICE OF “EUGEORGIA.INFO” HOSTED NEXT MEETING OF ENTREPRENEUR WOMEN AND REPRESENTATIVES OF THE GOVERNMENT”
    (Economic Press Monitor: March 14, 2016)

    Eugeorgia.Info held next informational meeting for women, engaged in various businesses in Dusheti, Chkhorotsku, Gori municipalities and Samtskhe-Javakheti region. They met with chair of Agricultural Cooperatives Development Agency Giorgi Misheladze and head of department at Entrepreneurship Development Agency Otar Antia.

18. Kviris Palitra: ““NATIONALS” WANTED TO BUY “MAESTRO” FOR $10-12M!”
    (Economic Press Monitor: March 14, 2016)

    The article brings comments of number of persons concerning situation, which arose around Maestro broadcasting company.

    Levan Chikvaidze, one of Maestro’s founders (he sold his stake to singer Gia Gachechiladze), asserts that National Movement was interested to buy share in the company.

19. THE PREMIER: PROCESS OF VISA LIBERALIZATION WITH EU WILL BE SUCCESSFULLY COMPLETED WITHIN SEVERAL MONTHS
    (Daily News: March 10, 2016)

    European Commission officially filed legislative initiative to impose visa-free regime for Georgian citizens.

    This initiative will be followed by simultaneous considerations in both supreme institutions of EU (European Council and European Parliament) and “the process will be successfully brought to end within several months”, Georgia’s Premier Giorgi Kvirikashvili declared today before the government meeting.

20. Forbes Georgia: “IN THE NAME OF MINORITY”
    (Economic Press Monitor: March 10, 2016)

    Georgia’s law “On Entrepreneurs” clearly and sufficiently protects rights of minority partners in the companies and introduction of any new, artificial, groundless regulation is absolutely inadmissible, the editor’s column of the magazine stated. The magazine’s editor-in-chief Giorgi Isakadze considers that this regulation must be annulled.

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