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1. Rezonansi: “TALKS STARTED ABOUT LOAN PRICE INCREASE IN GEORGIA”
   (Economic Press Monitor: November 19, 2013)

   Currently, banks’ interest rate on loans is within 13.5%, which is rather low for Georgian banking sector, the newspaper reports.

   Zurab Gvasalia, chairman of Georgian Banks Association, and expert Lia Eliava make comments regarding change of interest rate.

2. INTERPOL ISSUED RED NOTICE AGAINST DAVID KEZERASHVILI AND ZURAB ADEISHVILI, WANTED BY GEORGIA
   (Daily News: November 15, 2013)

   Georgian Interior Ministry declared that Interpol has issued today Red Notices, aiming arrest and subsequent extradition of David Kezerashvili and Zurab Adeishvili, being wanted by Georgian law enforcement agencies.

   The Ministry said that Kezerashvili (former chief of Finance Police and former defense minister) is accused of extremely large bribes, participation in group money laundering and multiple misappropriations/embezzlements, committed within organized group.

3. Bankebi da Finansebi: “ECONOMIC GROWTH OF THE NEXT YEAR COULD BE MUCH MORE OPTIMISTIC THAN MONETARY FUND FORECASTS”
   (Economic Press Monitor: November 14, 2013)

   Zurab Gvasalia, president of Georgian Banks Association, comments on current year’s performance of banking sector.

   As Gvasalia notes, profit growth is conditioned by several factors, and first of all – by calculation methodology.

4. Tabula: “WHAT DOES NOT FIT FOR THE PREMIER’S ANALYSIS?”
   (Economic Press Monitor: November 6, 2013)

   The author of the article analyzes recently arisen public stereotypes and their influence on the prime minister Bidzina Ivanishvili and his team. Among them, consideration touches situation, created in the economy, which is estimated as stagnation.

5. MP ZURAB MELIKISHVILI: WE CAN ASSUME THAT AVERAGE REAL GROWTH RATE NOT TO EXCEED 2.2%
   (Daily News: November 5, 2013)

   Member of the parliamentary minority Zurab Melikishvili declared “We can assume that the average rate of real (GDP) growth not to exceed 2.2%”.

   As of 9 months, real GDP growth made up 1.7%, at that 1.3% was fixed in the 3^rd quarter, which “is catastrophically, by 6%, less than in the same period of 2012” (when the rate made up 7.3%), MP pointed at the press conference today.

6. “BASISBANK” INCREASED NET PROFIT 21.3 TIMES
   (Daily News: October 22, 2013)

   Basisbank reported net profit of 6.5 million lari for 9 months of the year. This volume increased 21.3 times, if compared with same period of last year.

7. Versia: “AGAINST WHO COULD NOT SAY A WORD THE THREE PREMIERS”
   (Economic Press Monitor: October 18, 2013)

   The article reviews a case of property seizure of Savane – Wine Plant, locating in Tbilisi. The company’s real estate was handed over to LLC Katri “illegally, or to be more precise, with a robbery”, the newspaper says.

8. Versia: “COMPANY “TBILGVINO” HAS PURCHASED MORE THAN 6,000 T OF GRAPE FROM FARMERS OF KAKHETI”
   (Economic Press Monitor: October 11, 2013)

   Company Tbilgvino has purchased more than 6,000 t of grape this year, processing it in own enterprise in Kvareli (Kakheti region).

   Zurab Margvelashvili, executive director of the company, regards that rtveli (vintage) “was unprecedented well-organized this year”, but notes as well that “difficult situation is created” in connection with Saperavi, as cost of this red grape variety has increased up to 1.80 tetri (1 kg).

9. RUSSIAN MARKET TO OPEN FOR GEORGIAN VEGETABLES FROM NEXT WEEK
   (Daily News: October 10, 2013)

   Georgia’s Agriculture Minister Shalva Pipia reported that Russia will abolish last restrictions on import of Georgian phytogenous production on October 14. The matter concerns phytogenous production of high-risk, subjected to phytosanitary control, such as hazelnuts, citruses, grapes, apples, pears, quince, etc.

10. ZERO TAXATION TO APPLY TO TOBACCO IMPORT UNTIL 2015
    (Daily News: October 2, 2013)

    The Parliament declared that according to draft amendments to Tax Code, tobacco manufacturers will be able to enjoy zero taxation on import of both raw material and ready production until January 1, 2015. The draft was discussed today in the fiscal committee.

11. Tabula: “JAPARIDZE TO THE PARLIAMENT MAJORITY: ARE YOU DECEIVED THEMSELVES OR YOU TRY TO DECEIVE THE PEOPLE?”
    (Economic Press Monitor: October 2, 2013)

    Zurab Japaridze, member of the Parliament minority, declares that most part of success, which the new government takes the credit for, is the previous government’s heritage, the magazine reports.

    The minority MP advises the majority not to impute old successes and to talk about own success after the real achievements, the magazine says, bringing in details Japaridze’s statement, made during the Parliament debates on October 1.

12. 24 Saati: “ECONOMIC – THE KEY TOPIC OF POLITICAL DEBATES”
    (Economic Press Monitor: October 2, 2013)

    The article notes that debates on economical situation, held in the Parliament on October 1, “took place exactly on first anniversary of the government change and so, the speakers were focused on comparison of activity of the former and current governments”.

    The parliament majority reminded to the members of National Movement 9 years of their ruling and pointed that business had been under the state terror for years, the newspaper reports.

13. Tabula: “UTOPIA OF UNIVERSAL INSURANCE”
    (Economic Press Monitor: September 5, 2013)

    The author of the article regards that healthcare model, created under United National Movement, is exactly the one, to which the modern and 10-time richer countries are moving because of need for optimization of increased costs in the healthcare.

    Coalition Georgian Dream has inculcated in the public a myth that “vertical integration” of insurer and hospital is bad, the author of the article says, pointing that trend of modern world proves opposite.

14. IDFI: MONTHLY INCOME OF REGULATORY COMMISSIONS’ MEMBERS RANGES WITHIN 18,000-24,000 LARI
    (Daily News: September 2, 2013)

    Institute for Development of Freedom of Information (IDFI) reported that monthly incomes of members of both regulatory commissions (National Communication Commission and National Energy and Water Supply Regulatory Commission) ranged in 2012 within 18,000-24,000 lari.

    In particular, annual income of Guram Chalagashvili, chairman of National Energy and Water Supply Regulatory Commission, exceeded by 9% the showing of 2011 and amounted to 288,000 lari.

15. Rezonansi: “DUE TO BAD WEATHER, DEMAND ON VACATIONS ABROAD IS INCREASED”
    (Economic Press Monitor: August 16, 2013)

    Despite dangerous situation in Egypt, number of visitors is not reduced for this country yet, the newspaper reports.

    Nino Tsiklauri, head of tour operator company Go Tour, declares that all tickets to Egypt for period of August 17-21 are sold out.

16. Kviris Palitra: “GEORGIAN BUSINESS OF “PROPERTY SEIZURE””
    (Economic Press Monitor: August 5, 2013)

    The Parliament scheduled consideration of amendments to bill “On Enforcement Proceedings”, which postpone compulsory sell of bad borrowers’ mortgaged property for 6 months.

    Representatives of financial institutions and numerous business associations extremely negatively estimate the mentioned amendments, the newspaper reports.

17. MINORITY MP ZURAB JAPARIDZE: THE MAIN PROBLEM IS A FEELING OF INSTABILITY
    (Daily News: July 31, 2013)

    In his open letter, member of the parliamentary minority Zurab Japaridze points that Georgian economics is in a difficult condition and that the main problem, which the government does not want or can not to admit, is a feeling of instability.

    “As our or foreign citizens find it difficult to foresee what will be Georgia’s economic or political environment, they are reluctant to make investments here, take loans, start/expand business, etc.”, Japaridze declares.

18. Rezonansi: “NEITHER THE NEW GOVERNMENT HAS MANAGED TO ARRANGE INDUSTRIAL ZONES”
    (Economic Press Monitor: July 23, 2013)

    The article notes that the Prime Minister demanded preparation of a conclusion regarding industrial and tourist zones. However, “Ministry of Economy has no information about the conclusion and they even do not know whether a development strategy exists on these zones”, the newspaper reports.

19. Versia: “AFTER “SABA”, AQUA PARK FELL A PREY TO CRIMINAL SHOWDOWN TOO?”
    (Economic Press Monitor: July 19, 2013)

    Recent fire burnt down 3 buildings in Tbilisi Aqua Park, while a bit earlier, the fire destroyed trade house Saba, located in Didube district.

    The article considers three versions of Aqua Park burning.

20. Versia: “SPECIAL REPORT FROM ABASTUMANI”
    (Economic Press Monitor: July 17, 2013)

    Underway is “the intentional destruction plan” of Abastumani Astrophysical Observatory, founded in 1932, the newspaper reports.

    As the article notes, in 2007, according to decree of than Premier Zurab Nogaideli, the Observatory was handed over to Ilia State University “without any kind of motivation”.

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