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1. Versia: “AVTANDIL SAKVARELIDZE, EX-CHAIRMAN OF CAR-REPAIR PLANT’S SUPERVISORY BOARD, RESPONDS THE ACCUSATIONS”
   (Economic Press Monitor: June 28, 2013)

   The newspaper reviews again a dispute, arisen around the car-building holding (which unites electric car-repair and car-building plants). The subtitle of the article says: “Sakvarelidze was protected by Saakashvili-Nogaideli-Bezhuashvili, while Badri Tsilosani – by Kezerashvili-Ezugbaia?”

   Initially, the newspaper has reported position of Badri Tsilosani, head of the holding, who accused former partner Avtandil Sakvarelidze of misappropriation of the factory and collecting of debt of 73 million lari.

2. Rezonansi: “LAND SALE TO FOREIGNERS IS TEMPORARY BANNED”
   (Economic Press Monitor: June 28, 2013)

   According to amendments, drafted for bill “On Agricultural Land Ownership”, obtaining of land ownership right is suspended to the foreigners and foreign legal entities until January 1, 2015. Authors of this legislative initiative are MPs Zurab Tkemaladze and Gigla Agulashvili.

3. Versia: “DID SAAKASHVILI, NOGAIDELI AND BEZHUASHVILI FORCED THE BUSINESSMAN TO ALIENATE A SHARE IN THE CAR-REPAIR PLANT?”
   (Economic Press Monitor: June 26, 2013)

   The article’s subtitle says: “How Avtandil Sakvarelidze has brought the enterprise on the verge of bankruptcy”. The matter concerns car-repair holding, which includes electric car repair and car repair plants.

4. Versia: “PARLIAMENT BUILDING WAS CONSTRUCTED ILLEGALLY… AND THERE IS NOT A CONCLUSION THAT THE BUILDING IS STEADY!”
   (Economic Press Monitor: June 14, 2013)

   Institute for Development of Freedom of Information (IDFI) concludes that building of the Parliament in Kutaisi has unbearable working conditions – there is hot, while water leaks during rain.

   About 347.19 million lari was allotted for construction of the Parliament building and government house in Kutaisi.

5. Versia: “GOGI TOPADZE CREATED FRACTION OF ECONOMIC DIRECTION IN THE PARLIAMENT”
   (Economic Press Monitor: May 31, 2013)

   Gogi Topadze, leader of the Industrialists, has created a new fraction of economic direction – Georgian Dream – Industrials. The fraction unites 6 MPs, including Topadze himself, Zurab Tkemaladze, Giorgi Kakhiani, Paata Kiknavelidze.

6. Bankebi da Finansebi: “SOVIET DEPOSITS AND PUBLIC INTERNAL DEBT”
   (Economic Press Monitor: May 30, 2013)

   Pointing at example of Lithuania, doctor of economics Lia Eliava regards that “sums, which were gained from state property alienation and accumulated on currency accounts in National Bank of Georgia (NBG), might be easily used for compensation of Soviet-time deposits”.

   As the expert notes, NBG’s currency reserves total to $3 billion for today, so “spending part of these reserves for the country’s economy will be absolutely advisable”.

7. Rezonansi: “THE PARLIAMENT ASSERTS THAT A LOT OF INVESTMENT PROJECTS ARE SUBMITTED”
   (Economic Press Monitor: May 28, 2013)

   In connection with so-investment fund, Georgia’s Prime-Minister Bidzina Ivanishvili declares that “so many interested persons have appeared that amount might exceed 5 billion”. Initially, the matter concerned 3 billion lari.

8. FORMER HEAD OF OIL AND GAS CORPORATION DETAINED
   (Daily News: May 24, 2013)

   Investigation Service of the Finance Ministry detained former head of Georgian Oil and Gas Corporation Zurab Janjgava. Together with him, former head of administration of Mtskheta Vakhtang Kipshidze is detained as well.

9. EC VICE-PRESIDENT AND EUROCOMISSIONER FOR ENP REACT ON DETENTION OF EX-PREMIER AND EX-MINISTER IN GEORGIA
   (Daily News: May 22, 2013)

   Catherine Ashton, EU Vice-President and High Representative for Foreign Affairs and Security Policy, and Stefan Fule, European Commissioner for Enlargement and European Neighbourhood Policy (ENP), have taken careful note of detention yesterday of Georgia’s former Prime Minister and former Health Minister, official statement of EU politicians says.

   In a joint statement, issued by their spokespersons today, Aston and Fule voiced hope that the Georgian authorities would “pursue justice in these cases, as in all other cases, impartially and free from political motivation”.

10. FORMER PREMIER AND EX-MINISTER OF INTERIOR DETAINED
    (Daily News: May 21, 2013)

    Prosecutor’s Office detained today former premier, ex-minister of interior and current secretary general of oppositional National Movement Vano Merabishvili.

    Together with Merabishvili, former ambassador to Council of Europe, ex-minister of labor, healthcare and social protection and current plenipotentiary of the President in Kakheti region Zurab Chiaberashvili was detained also.

11. Kviris Palitra: “WHY DOES THE ECONOMY GROW SLOWLY?”
    (Economic Press Monitor: May 20, 2013)

    Irakli Lekvinadze, director of Georgian Business & Political Insight, and Zurab Tkemaladze, chairman of the Parliament Committee of Branch Economy and Economic Policy, make a comment about the slowing trend of Georgia’s economic growth.

    According to Lekvinadze, “main reason of slowing is lack of investment, as Georgia’s economy greatly depends in the first instance on investments”.

12. 24 Saati: “KHADURI WITH A REPORT ON PREDECESSORS’ BUDGET”
    (Economic Press Monitor: May 17, 2013)

    Yesterday, Finance Minister Nodar Khaduri presented to the Parliament a report on budget-2012, which was adopted and fulfilled by the previous government.

    Members of the Parliament majority criticized budget-2012, while members of the minority placed interest on the current budget, instead of 2012.

13. NBG WARNS BANKS TO CONDUCT AD CAMPAIGNS PROPERLY
    (Daily News: April 30, 2013)

    Giorgi Kadagidze, president of National Bank of Georgia (NBG) declared that conducting of ad campaign, which misguides customer through provision of wrong information or leading to baseless expectation, is inadmissible.

    NBG watches up the process and I do not exclude toughening of legislation in this direction, Kadagidze said after discussion with representatives of commercial banks, held behind closed doors in NBG today.

14. Bankebi da Finansebi: “TODAY, THERE IS NO PRESSURE ON BUSINESS, INCLUDING THE BANKING SECTOR”
    (Economic Press Monitor: April 25, 2013)

    Zurab Gvasalia, president of Georgian Banking Association, comments to the newspaper on processes in financial sector.

    Namely, Gvasalia indicates to profitability rate of the banking sector in the 1^st quarter, which is much higher comparing to the same period of the previous year.

15. Versia: “ARE COMMERCIAL BANKS REDUCING INTEREST RATE ON CREDITS?”
    (Economic Press Monitor: April 22, 2013)

    In his interview with the newspaper, president of Georgian Banking Association Zurab Gvasalia considers factors, causing interest rate reduction on the credits.

    In the first instance, he points at strong influence of monetary policy (of National Bank of Georgia, NBG) and notes that NBG’s rate of monetary policy tends to decline for a long time.

16. Versia: “LIST OF THE BUSINESSMEN, WHO HAD FUNDED “NATIONAL MOVEMENT” BY 13 MILLION, WHILE “GEORGIAN DREAM” – BY 4.5 MILLION”
    (Economic Press Monitor: April 19, 2013)

    The article is based on materials of Transparency International – Georgia (TI Georgia) concerning to funding of political parties, according to which, Georgian Dream has received revenue of 4.6 million lari in 2012 (excluding August-September), while National Movement – 13.4 million.

    The newspaper notes that 397 contributors of National Movement, while 33 of Georgian Dream have definite connections with business.

17. Versia: “WHY APPLIES THE CITY’S CHIEF ARCHITECT TO SABOTAGE?”
    (Economic Press Monitor: April 17, 2013)

    The article reports about disagreement between Municipal Development Fund and Tbilisi chief architect Giorgi Gogolashvili, because of which, builders have not receiving their salaries for several months.

    The salaries should be issued by the Fund, but they cannot do it until Gogolashvili submits a complete version of the project.

18. Rezonansi: “BANKS BEGAN TO FULFILL PROMISE OF “GEORGIAN DREAM””
    (Economic Press Monitor: April 12, 2013)

    The article notes that banks have begun to decrease interest rate on credits. For instance, rate for consumer loan makes up 13.95% in Republic, while 10.75% – in TBC Bank and 8% – in VTB Bank Georgia.

19. NATIONAL FOOD AGENCY: RUSSIAN MARKET IS OPEN FOR GEORGIAN AGRICULTURE PRODUCTION EXPORT
    (Daily News: April 3, 2013)

    Georgian National Food Agency declared that Russian market is open for Georgian agriculture production export. Georgian and Russian sides reached the mentioned agreement at the meeting, held in Supervisory Service of Russian Agriculture Ministry.

20. 24 Saati: “THE MINORITY CRITICIZES AMENDMENTS DRAFTED FOR LABOR CODE”
    (Economic Press Monitor: April 3, 2013)

    Amendments, which should be made to the Labor Code, have become an arguing issue in the Parliament, the newspaper reports.

    Minority member Zurab Japaridze declares that in case of these amendments’ adoption, fewer investments will enter Georgia and jobs number will decrease instead of growth.

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