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1. “GEORGIAN RAILWAY”: FREIGHT TURNOVER DECREASED IN THE WHOLE REGION, INFLUENCING “GEORGIAN RAILWAY” AS WELL
   (Daily News: October 12, 2015)

   Deputy director general of JSC Georgian Railway Giorgi Gagnidze declared that “Freight turnover is reduced throughout the whole region, served by the railway, and consequently certain reduction reflected in Georgian Railway’s cargo turnover as well”.

   On the one hand, this reduction is connected to readdressing of crude oil to oil pipelines, one of which, Baku-Tbilisi-Ceyhan, passes Georgia, Gagnidze says in the statement, spread today.

2. CONSTITUTIONAL COURT ENTERTAINED CLAIM ON FINANCIAL SUPERVISORY AGENCY
   (Daily News: October 12, 2015)

   Plenum of Constitutional Court has accepted today for administrative hearing a lawsuit on Financial Supervision Agency. The claim against the Parliament was submitted by group of MPs (Zurab Abashidze, Giorgi Baramidze, David Bakradze and others, 39 MPs in total).

3. BANKRUPTCY PROCEEDINGS ON “STUDIO MAESTRO” LAUNCHED
   (Daily News: October 9, 2015)

   Tbilisi city court reported about launch of proceedings on bankruptcy of LLC Studio Maestro (broadcasting company). Director of the LLC Eter Gadabadze applied to the court with respective request in September.

4. TBILISI FASHION WEEK TO BE HELD ALREADY FOR THE 12^TH TIMES
   (Daily News: October 8, 2015)

   The 12^th Tbilisi Fashion Week will take place in entertainment center Metro on Rose Square on October 8-11.

   Up to 20 shows and presentations are planned within the event.

5. Rezonansi: “FREE TRADE WITH EU HAS NO RESULTS”
   (Economic Press Monitor: October 6, 2015)

   More than a year passed after Georgian export got access to EU. So far, only nuts, greens and bay leaf have managed to enter the EU, the newspaper points.

6. Kviris Palitra: “CITY OF UNFINISHED CONSTRUCTIONS, OR TENDER-LESS “GAMES” – SCANDALOUS CONCLUSION OF JOURNALIST INVESTIGATION”
   (Economic Press Monitor: October 5, 2015)

   The journalist investigation concerns unfinished constructions in Tbilisi, including crossover bridge in ZaHES settlement.

   As it is noted, the bridge has been closed due to maintenance works already for 7 months, of which during 2 months works were suspended there.

7. CREDITORS OF “SKY GEORGIA” TO MEET IN OCTOBER
   (Daily News: September 28, 2015)

   Tbilisi city court reported that representative of National Agency of Enforcement requested to invite meeting of creditors of Sky Georgia (air carrier). The Agency explained the request with need of consideration of done acts and check of requirements, submitted with delay.

8. NBG’S PRESIDENT: THE RATE IS ON ITS HIGHEST POINT
   (Daily News: September 28, 2015)

   President of National Bank of Georgia (NBG) Giorgi Kadagidze declared that lari exchange rate is on its highest point. Today, NBG announced rate of 2.3827 GEL/USD, effective for tomorrow.

9. Kviris Palitra: “WORKING WITHOUT WORRIES”
   (Economic Press Monitor: September 28, 2015)

   Besides road jams, traffic in Tbilisi is hampered by construction-rehabilitation of several key roads, the newspaper points. The article reviews situation with rehabilitation of bridge over river Dighmula on Marshal Gelovani Avenue and Baratashvili Bridge.

10. Tabula: “KADAGIDZE: WE DO NOT EXPECT DEVALUATION OF LARI ANYMORE”
    (Economic Press Monitor: September 23, 2015)

    “We do not expect devaluation of lari anymore”, president of National Bank of Georgia (NBG) Giorgi Kadagidze assured. He declared this on the air of Rustavi-2 broadcasting company, while commenting reasons of lari devaluation.

11. PROSECUTOR’S OFFICE CONTINUES ACTIONS AGAINST FORMER MAYOR OF TBILISI, WHILE HIS SUPPORTERS COLLECT SIGNATURES REQUIRING PARDON
    (Daily News: September 22, 2015)

    Prosecutor’s Office spread the statement today, saying that it “continues support of accusation” on 3 criminal cases in Tbilisi city court, being connected to former mayor of Tbilisi Giorgi Ugulava.

    The Office indicates that the matter concerns “unlawful disposal” of property of broadcasting company Imedi and Mtatsminda Park, “abuse of office in favor of” CT Park (parking operator of Tbilisi); embezzlement of finances of Tbilisi Development Fund.

12. Liberali: “KADAGIDZE: IF PRESSURE BECOMES TOUGHER, WE ARE READY FOR MORE AGGRESSIVE MONETARY POLICY”
    (Economic Press Monitor: September 22, 2015)

    President of National Bank of Georgia (NBG) Giorgi Kadagidze notes that lari rate is on its lowest point today. However, “If pressure becomes tougher, we are ready to carry out more aggressive monetary policy”, he says.

13. PRESIDENT’S ADVISER: THE GOVERNMENT, NBG AND NEWLY FOUNDED FINANCIAL SUPERVISION AGENCY SHOULD WORK COORDINATELY
    (Daily News: September 21, 2015)

    The President’s adviser in economic issues Giorgi Abashishvili declared that “Georgian President, international financial institutes had did their best in order to avoid weakening and separation of constitutional institute – National Bank”.

    “As the mentioned wrong decision has been already made, there is necessity now of coordinated work of the government, National Bank of Georgia (NBG) and newly created Financial Supervision Agency, in order to get rid of further losses, caused by currency exchange rate”, Abashishvili said at the briefing today.

14. GEORGIA AND AZERBAIJAN TO IMPLEMENT JOINT PROJECTS IN TOURISM
    (Daily News: September 18, 2015)

    Georgia and Azerbaijan will implement joint projects in tourism sphere, Georgian National Tourism Administration informs. Details are not specified at this stage.

15. NBG PRESIDENT’S ADVISER: TODAY, MAIN IMPACT ON LARI RATE’S DYNAMIC COMES FROM NEGATIVE EXPECTATION OF POPULATION
    (Daily News: September 17, 2015)

    Giorgi Bakradze, advisor to president of National Bank of Georgia (NBG), considers that “today, major impact on lari rate’s dynamic is caused by negative expectation of population”. “First of all, these negative expectations should be mitigated”, he pointed.

16. Tabula: “LARI HAS ITS 20^TH ANNIVERSARY”
    (Economic Press Monitor: September 16, 2015)

    President of National Bank of Georgia Giorgi Kadagidze considers that “there is the only way out from lari devaluation and it is full economic and political integration with West”.

    The magazine points that depreciation of lari was caused by reduction of export and incoming remittances, which lowered inflow of foreign currency to the country.

17. Tabula: ““UNM” TO THE GOVERNMENT: LAY OFF STRUGGLE WITH POLITICAL OPPONENTS AND PAY ATTENTION TO PEOPLE”
    (Economic Press Monitor: September 15, 2015)

    Lieder of the Parliament minority David Bakradze says that United National Movement (UNM) does not have “desire and motivation of vintage politicization”.

    Rallies in Kakheti are held by families, cheated by the government, Bakradze says, adding: “Those families, who were promised that minimal price of grape would be 1 lari, are now offered 60 tetri”.

18. Rezonansi: “BY LATE 2016, LARI RATE WILL STAND AT 2.6!”
    (Economic Press Monitor: September 15, 2015)

    The newspaper reports that few days ago, president of National Bank of Georgia (NBG) Giorgi Kadagidze “privately confirmed” that lari rate in January will exceed 2.6 GEL/USD. Part of economists considers this threat quite real, the newspaper notes.

19. Tabula: “DEPUTY FINANCE MINISTER: DOLLAR MIGHT STRENGTHEN EVEN MORE”
    (Economic Press Monitor: September 11, 2015)

    “Behind the world trend, there are expectations that the US dollar might strengthen even more”, Deputy Finance Minister Giorgi Kakauridze declares. “At that, there is possibility that Federal Reserve Bank of the US will raise interest rate”, he points.

20. Tabula: “CHIABERASHVILI ABOUT NATIONAL BANK: GACHECHILADZE’S STATEMENT IS CONFESSION”
    (Economic Press Monitor: September 10, 2015)

    United National Movement’s secretary for relations with civil society Zurab Chiaberashvili insists that aim of ex-premier Bidzina Ivanishvili is to control all state institutes “during informal governance”. “While through newly established supervisory service (he intends) to fumble in all commercial banks”, member of the opposition party says regarding separation of banking supervision from National Bank of Georgia (NBG).

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