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1. THE PARLIAMENT CONSIDERS APPROVAL OF UPDATED CABINET
   (Daily News: May 8, 2015)

   The Parliament discusses at the extraordinary session today approval of the updated composition of the Cabinet (at the time of the news preparation, debates were not completed yet).

   To remind, the Prime Minister Irakli Garibashvili named updated composition of the government on May 1, while the President Giorgi Margvelashvili presented it to the Parliament on May 6.

2. ECONOMY MINISTER: ZONING AND STUDY OF TSKALTUBO RESORT ARE ALREADY COMPLETED, CERTIFICATION IS UNDERWAY
   (Daily News: May 7, 2015)

   Minister of Economy and Sustainable Development Giorgi Kvirikashvili declared that Austrian company Kohl&Partners has already completed zoning and study of Tskaltubo spa resort (Imereti region).

   “Now, together with Partnership Fund, we conduct international certification of the resort, of its water, in cooperation with French company Vichy”, Kvirikashvili pointed.

3. ECONOMY MINISTER: IN RESPECT OF LARI RATE, THERE IS VERY SMALL COMPONENT OF THAT COULD BE IS MADE, BUT WAS NOT MADE
   (Daily News: May 7, 2015)

   In connection with drop of lari rate, “there is very small component, really very small, of that could be made, but was not succeeded to make”, Minister of Economy and Sustainable Development Giorgi Kvirikashvili declared. “Such things happen always”, he noted.

4. NBG: AUSTRIAN CENTRAL BANK BECAME INTERESTED IN OUR PROJECTS
   (Daily News: May 6, 2015)

   National Bank of Georgia (NBG) reported about visit of representatives of Central Bank of Austria today. The delegation is going to visit cash center of NBG and share experience, NBG noted.

5. Tabula: “NATIONAL BANK URGES DEPUTIES TO STUDY THE REPORT ATTENTIVELY”
   (Economic Press Monitor: May 6, 2015)

   National Bank of Georgia (NBG) has submitted already to the Parliament the activity report for 2014 and urges deputies to study this document in due time.

   According to statement of the parliamentary minority member Giorgi Kandelaki, ex-prime minister Bidzina Ivanishvili tries to dump all problems on NBG.

6. ECONOMY MINISTER: CODE OF SPATIAL ARRANGEMENT AND CONSTRUCTION IS ALREADY DEVELOPED, WHILE WORK ON SCHEME OF SPATIAL ARRANGEMENT IS UNDERWAY
   (Daily News: May 5, 2015)

   Minister of Economy and Sustainable Development Giorgi Kvirikashvili declared that development of Code of Spatial Arrangement and Construction is already completed, while work on scheme of spatial arrangement is being conducted.

   The interagency group is created, which works on plan of spatial development of the country, and the first phase of bidding in this direction is completed, Kvirikashvili noted.

7. ECONOMY MINISTER: THE GOVERNMENT DOES NOT EXPECT FURTHER DEVALUATION OF LARI
   (Daily News: May 4, 2015)

   Minister of Economy and Sustainable Development Giorgi Kvirikashvili declared that the government does not expect further devaluation of lari.

   As the Minister specified, very important works are conducted in terms of privatization, there are sound results, which will be even bigger along with growth of tourism and inflow of visitors.

8. FORMER DEPUTY MINISTER OF REGIONAL DEVELOPMENT TO HEAD DEPARTMENT ON RELATIONS WITH REGIONS AT THE GOVERNMENT’S ADMINISTRATION
   (Daily News: May 4, 2015)

   Department on relations with regions and local governments at the government’s administration will be headed by Giorgi Amashukeli. Until now, he held post of Deputy Minister of Regional Development and Infrastructure.

9. THE PRIME MINISTER PRESENTED UPDATED CABINET, THE PRESIDENT POSTPONED THE DECISION FOR A WEEK
   (Daily News: May 1, 2015)

   Today, Prime Minister Irakli Garibashvili named the updated composition of the government, which contained three changes, instead of earlier declared two ones.

   In particular, MP Tina Khidasheli was presented on a post of the Defense Minister, MP Gigla Agulashvili – on a post of the Minister of Environment and Natural Resources Protection, while Tariel Khechikashvili, president of car distributor Iberia Business Group – of the Minister of Sports and Youth Affairs.

10. Bankebi da Finansebi: “WHO OWNS LEADING GEORGIAN TELEVISIONS”
    (Economic Press Monitor: April 30, 2015)

    In respect of freedom of press, Georgia occupies the 69^th place among 180 countries and is on the leading position in the region, the newspaper reports.

    One of starting points of transparency of press is publicity of owners and managers, the article states and brings list of owners of Georgia’s leading broadcasting companies.

11. Bankebi da Finansebi: “UNDER “NATIONAL MOVEMENT”, THE BIGGEST BONUS WAS GOT BY NIKA GILAURI, WHILE UNDER “GEORGIAN DREAM” – BY IRAKLI ALASANIA”
    (Economic Press Monitor: April 23, 2015)

    Non-governmental organization Position claims that ministers in the government of National Movement often got higher bonuses and salary markups, than members of the current cabinet.

    The organization points that during Georgia-Russia war of 2008, bonus of then Finance Minister Nika Gilauri reached 71,320 lari, while his annual income made up 113,800 lari.

12. BUSINESS OMBUDSMAN: INTERVENTION OF OFFICIALS IN PRIVATE COMPANIES’ ACTIVITIES IS CATEGORICALLY EXCLUDED
    (Daily News: April 21, 2015)

    Business ombudsman Giorgi Gakharia declared that intervention of high-rank officials in activities of private companies is categorically excluded.

    “Free business environment and inviolability of business is one of the biggest achievements of the new government and putting it in doubt is absolutely inadmissible for us”, Gakharia pointed in the statement, released today in response to charges of owners of company MN Georgia.

13. REGIONAL DEVELOPMENT AND INFRASTRUCTURE MINISTRY: REPAIR WORKS IN RESIDENCE ON ATONELI STREET ARE COMPLETED
    (Daily News: April 20, 2015)

    Minister of Regional Development and Infrastructure David Shavliashvili declared that repair works in residence on Atoneli Street in Tbilisi are completed.

    The building is put in operation and will be transferred to the Ministry of Economy and Sustainable Development, Shavliashvili said at the government meeting today.

14. Kviris Palitra: “LARI STARTED DEPRECIATING AGAIN – ECONOMIC “SPRING” DELAYS”
    (Economic Press Monitor: April 20, 2015)

    The government awaits for strengthening of national currency since spring, but after several weeks of stability, lari started depreciating again, the newspaper says.

    As professor of Tbilisi State University Giorgi Gaganidze points, all parameters, which had to increase dollar supply, decreased considerably.

15. Tabula: “ACCORDING TO THE DEPUTY PRIME MINISTER, ECONOMIC GROWTH RATE MUST BE REVIEWED”
    (Economic Press Monitor: April 17, 2015)

    Vice-Premier, Minister of Economy and Sustainable Development Giorgi Kvirikashvili declares that forecast of economic growth should be reduced to 2%. “However, I repeat once more that correction of the budget’s parameters will be more preferable in the 2^nd quarter”, he adds.

16. THE 11^TH SEASON OF TBILISI FASHION WEEK OPENED
    (Daily News: April 16, 2015)

    The 11^th season of Tbilisi Fashion Week was started today, which will last until April 19.

    According to organizers of the event, they plan up to 20 shows, exhibitions and presentations of Georgian designers for this season.

17. CONSTRUCTION OF “HOTEL&PREFERENCE HUALING TBILISI” IS ALMOST COMPLETED
    (Daily News: April 16, 2015)

    Construction of 5-star hotel in Tbilisi (247 rooms) is almost completed, sales manager of Hotel&Preference Hualing Tbilisi Giorgi Gutsayev declared. There remain only insignificant interior finishing work, he told Sarke.

18. Tabula: “FOR RELATIONS WITH RUSSIA, ABASHIDZE AND HIS CONSULTANT RECEIVED 251,681 LARI”
    (Economic Press Monitor: April 16, 2015)

    According to TI Georgia, Georgian branch of Transparency International, special representative of Georgian Prime Minister in relationships with Russia and his consultant received since November 2012 to the present the payment of 251,681 lari.

    In particular, 187,681 lari was paid to special representative Zurab Abashidze, and 64,000 lari – to his consultant Giorgi Kajaia.

19. Rezonansi: “LOST IN CONSTRUCTION”
    (Economic Press Monitor: April 16, 2015)

    Disordered and unsystematic constructions are one of the most painful problems of the capital, the newspaper states.

    As representative of majority in Tbilisi Sakrebulo (City Council) Guliko Zumbadze says, permissions for many such constructions were issued under the former authorities, especially – shortly before local elections.

20. EXECUTIVE DIRECTOR OF CO-INVESTMENT FUND: THE FUND INVESTED $70M IN TOURISM AND REAL ESTATE
    (Daily News: April 8, 2015)

    While speaking today in live show Business Contact of broadcasting company Maestro, executive director of Co-investment Fund Giorgi Bachiashvili declared that investments of up to $70 million were made in tourism and real estate.

    In particular, the Fund purchased building of former department store Tbilisi, located on Rustaveli Avenue in the very center of the capital, from Dutch investment company Doryphore Investment, Bachiashvili specified.

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