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1. DUTCH BUSINESS DELEGATION VISITED GEORGIA
   (Daily News: April 8, 2015)

   Georgian-Dutch business forum was held in Tbilisi today, being attended by representatives of 10 Dutch and 63 Georgian companies.

   According to Georgian Chamber of Commerce and Industry, the companies represented such agricultural activities as horticulture, greenhouse faming, additives for pig and poultry feeding, etc., as well as international consulting, water management, infrastructure, security systems and equipment for driving schools.

2. ASSOCIATION OF YOUNG FINANCIERS AND BUSINESSMEN: PRICE GROWTH ON INTERNET MARKET IS UNJUSTIFIED
   (Daily News: April 7, 2015)

   Giorgi Kapanadze, vice-president of Association of Young Financiers and Businessmen, declared that price growth on local Internet market was “absolutely unjustified”.

   Currently, several tens of companies operate on the market, but 60% of it is divided between Caucasus Online and SilkNet, respectively, “they are establishing rules of the game”, Kapanadze pointed.

3. “UNM”: “GEORGIAN GREENHOUSE CORPORATION” GOT PREFERENTIAL LOAN OF $2M FOR ARRANGEMENT OF GREENHOUSE FARMING IN GARDABANI
   (Daily News: April 6, 2015)

   United National Movement (UNM) declared that JSC Georgian Greenhouse Corporation, which single owner is LLC GCF Partners, got preferential loan of $2 million for arrangement of greenhouse farming in Gardabani (Kvemo Kartli region).

   As the opposition party noted, GCF Partners was founded on May 25, 2013 and its shares are equally distributed among Ucha Mamatsashvili, cousin of ex-premier and billionaire Bidzina Ivanishvili, and Giorgi Bachiashvili, director general of Georgian Co-Investment Fund.

4. LAW ON PAYMENT SYSTEM AND AGREEMENT WITH EIB TO BE AMENDED
   (Daily News: April 6, 2015)

   Giorgi Melashvili, executive director of National Bank of Georgia, presented draft amendments to law “On Payment System and Payment Service” in Fiscal Committee of the Parliament today. The Committee supported the document in the 1^st hearing.

5. Sakartvelos Ekonomika: “HOW MUCH ADVERTISING OF YOUR COUNTRY COSTS?”
   (Economic Press Monitor: April 6, 2015)

   The article points that Georgia refused in 2013 to place advertisement of the country’s tourist capacity on CNN and BBC.

   Previous government had spent $27 million for advertising on CNN alone.

6. Kviris Palitra: “HARDSHIPS OF GEORGIAN CAR BUSINESS AND EXPECTATION OF CHANGES”
   (Economic Press Monitor: April 6, 2015)

   According to planned amendments to Tax Code, owners of cars, which were brought in the country until April 1, will be exempted from penalties if the car will be registered before September 1.

   Car importers positively estimate these amendments, but note that they had initiated amnesty, applying to cars, already fined by April 1, but not those, which were brought to the country by that date, the article reports.

7. ADVISER OF NBG’S PRESIDENT: WE EXPECT STABILIZATION OF LARI EXCHANGE RATE BY SUMMER
   (Daily News: April 3, 2015)

   Giorgi Bakradze, adviser of president of National Bank of Georgia (NBG), declared that current lari exchange rate is conditioned by short-term problems, so its stabilization has to be expected by summer, noting that it is still difficult to predict at what mark fluctuations will stop.

   Import has decreasing since February, which means that currency outflow also decreases, Bakradze specified at lecture-seminar, organized by International School of Economy at Tbilisi State University (ISET) on April 2.

8. Netgazeti.Ge: “IN THE EVE OF SUMMER TOURIST SEASON, GEORGIA’S ADVERTISING ON “EURONEWS” IS PLANNED”
   (Economic Press Monitor: April 2, 2015)

   National Tourism Administration declared to the newspaper that “within summer marketing campaign, advertising of Georgia is planned in the following markets: Azerbaijan, Turkey, Russia, Ukraine, Belarus, Israel, Kazakhstan, Latvia and Hungary”. “At the same time, campaign will be carried out on Euronews.

9. TAX CODE TO BE AMENDED, AIMING SUPPORT TO CAR IMPORT
   (Daily News: April 1, 2015)

   Revenue Service of the Finance Ministry plans amendment and simplification of a number of procedures of Tax Code in order to encourage car business.

   First Deputy Finance Minister and chief of Revenue Service Giorgi Tabuashvili has presented the relevant initiative to car importers today.

10. NEW AVIATION FACTORY TO BE CONSTRUCTED IN TBILISI
    (Daily News: March 31, 2015)

    Plant, manufacturing parts for civil aircrafts, will be constructed in Tbilisi (near the airport), Ministry of Economy and Sustainable Development declared. According to the Ministry, the project worth $85 million will be implemented jointly by Georgian Partnership Fund and Israeli defense electronics manufacturer Elbit.

11. MINISTER OF ECONOMY: GEORGIA JOINS ASIAN INFRASTRUCTURE INVESTMENT BANK
    (Daily News: March 31, 2015)

    Minister of Economy and Sustainable Development Giorgi Kvirikashvili said that Georgia joins as founder country to Asian Infrastructure Investment Bank (AIIB), which will be led by China.

    The Minister declared this in live show Business Contact of broadcasting company Maestro today and noted that representatives of his agency as well as of the Finance Ministry are already working with future partners.

12. Bankebi da Finansebi: “GEORGIA MAY “LOSE” 35 THOUSANDS UKRAINIAN TOURISTS”
    (Economic Press Monitor: March 27, 2015)

    Hungarian low-cost airline Wizz Air will abolish since April 20 its Ukrainian subsidiary Wizz Air Ukraine.

    Former head of Georgian Tourism Administration and current vice-chairman of Protected Territories Agency Giorgi Sigua says that “for us, it means, first of all, cancellation of Kutaisi-Kiev flight that in numbers is loss of 30,000-35,000 Ukrainian tourists”.

13. Bankebi da Finansebi: “KADAGIDZE RECOGNIZED IN FACT THAT LARI WAS DEVALUATED FOR ACHIEVEMENT OF TARGET INFLATION”
    (Economic Press Monitor: March 27, 2015)

    President of National Bank of Georgia Giorgi Kadagidze said at the meeting with Georgian Business Association that lari devaluation already reached a margin, which fixes new mark of payments’ balance. In line with these processes and seasonal factors, fluctuations declined and rather more stable situation is observed, he specified.

14. ECONOMY MINISTRY WILL CONFIRM EXECUTION OF INVESTMENT OBLIGATIONS BY AGRICULTURAL UNIVERSITY
    (Daily News: March 26, 2015)

    Minister of Economy and Sustainable Development Giorgi Kvirikashvili declared that his ministry will confirm execution of investment obligations by Agricultural University.

    “In spite of the fact that we have the right to appeal against the court decision, we do not intend to appeal and, certainly, we will confirm execution of investment obligations by them”, Kvirikashvili declared to journalists today.

15. Netgazeti.Ge: “THE PREMIER’S ORDER, WHICH PUTS IN DANGER INVESTMENT OF ISRAELI BUSINESSMAN”
    (Economic Press Monitor: March 26, 2015)

    Elgad Investment&Development company objects the order of Georgian Prime Minister of March 10 of this year and declares that this document creates risk of loss of investments, which are made from Israel in Georgia.

    Lawyer of the company David Ebralidze declares that the order allows company TAV Management to obtain license, to take in usufruct the territory of aviation plant and, respectively, allows it to manufacture and to sell planes.

16. PRESIDENT OF NBG: IN OTHER CONDITIONS BEING EQUAL, NATIONAL CURRENCY WILL NOT DEVALUATE FURTHER
    (Daily News: March 25, 2015)

    As president of National Bank of Georgia (NBG) Giorgi Kadagidze declared, he does not think that in other conditions being equal, national currency will devaluate further. There are no signs of it today, he assured.

17. Tabula: “KVIRIKASHVILI: WE EXPECT THAT FOREIGN CURRENCY INFLOW TO GROW SINCE APRIL”
    (Economic Press Monitor: March 25, 2015)

    Minister of Economy and Sustainable Development Giorgi Kvirikashvili considers that “strengthening of lari is possible”.

    “We really expect quite big inflow of foreign currency in summer period”, the Minister notes and adds: “Inflow of foreign currency will increase since April”.

18. ECONOMY MINISTER: “GEORGIAN GREENHOUSE CORPORATION” TO INVEST $45M IN PROPERTY, BEING HANDED OVER
    (Daily News: March 24, 2015)

    Minister of Economy and Sustainable Development Giorgi Kvirikashvili declared that JSC Georgian Greenhouse Corporation, which got land sites in Gardabani (Kvemo Kartli region) within state program “Produce in Georgia”, will invest $45 million in this property.

    Kvirikashvili made this statement in response to blames of oppositional National Movement, which claimed that ex-prime minister Bidzina Ivanishvili “got hold of property worth 2.5 million for 1 lari”.

19. PREMIER ASSIGNED BUSINESS OMBUDSMAN TO STUDY PROBLEMS OF ISRAELI INVESTORS
    (Daily News: March 24, 2015)

    Following request of the Prime Minister, business ombudsman Giorgi Gakharia met president of Georgian-Israeli Business Chamber Itsik Moshe today.

    As the Prime Minister’s press office reported, “At the meeting, the sides discussed issues, related to notorious case of Israeli investors – Meir Schavit and his companies”.

20. TAX PRIVILEGES TO BE ESTABLISHED FOR CAR IMPORTERS
    (Daily News: March 24, 2015)

    Chief of Revenue Service and First Deputy Finance Minister Giorgi Tabukashvili declared that it is planned to introduce tax privileges for car importers. This information is not specified so far.

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