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1. Tabula: “THE GOVERNMENT MAKES UNEMPLOYMENT INSURANCE MANDATORY”
   (Economic Press Monitor: June 25, 2021)

   Draft of new Georgian Social Code envisages launch of mechanism of compulsory unemployment insurance in the country, Tabula reports.

   The work on the Code, in which Georgia will be assisted by the EU, development agencies of France and Czech Republic, should be completed in 2023.

2. Forbes Georgia: “LONG-TERM BUSINESS PARTNER – INTERVIEW WITH ZURAB KOKOSADZE”
   (Economic Press Monitor: June 23, 2021)

   As of the 1^st quarter, 34% of portfolio of Sakartvelos Banki (Bank of Georgia) account for corporate direction, the magazine reports.

   In interview with the magazine, Zurab Kokosadze, the bank’s deputy director general for corporate service, points: “Now, we focus on assistance to businesses during the pandemic and post-pandemic period”.

3. Bankebi da Finansebi: “ZURAB NOGAIDELI: GEORGIA SHOULD BECOME SELF-SUFFICIENT COUNTRY IN TERMS OF ENERGY”
   (Economic Press Monitor: June 11, 2021)

   “Georgia should become self-sufficient country in terms of energy”, says Zurab Nogaideli, supervisory board member of El Green energy company (he was finance minister and prime minister during the rule of the National Movement).

   “Small and medium-sized energy projects will not be enough for this”, Nogaideli points.

4. Rezonansi: “BUSINESSMEN NAMED TIME AND MARK OF THE RATE, WHEN PRODUCTS WILL START TO DECLINE IN PRICE”
   (Economic Press Monitor: May 20, 2021)

   The article indicates that lari has been strengthening in recent days and, supposedly, exchange rate of Georgian national currency will be soon within the range of 3.3-3.35 GEL/USD.

   Regarding prices on the local market, economist Givi Momtselidze points: “Business is quite cautious, at least 2-3 months will be required for prices to start decline”.

5. ECONOMY MINISTER: WITH ASSISTANCE “PRODUCE IN GEORGIA” PROGRAM, “FACTORY-1900” PLANS TO INCREASE PRODUCTION 5 TIMES
   (Daily News: April 23, 2021)

   Natia Turnava, Georgia’s Minister of Economy and Sustainable Development, visited today one of the beneficiaries of the state program “Produce in Georgia” – Factory-1900. Enterprise of the company, producing packaging materials, is located in Mtskheta municipality.

6. CUSTOMS DEPARTMENT HAS A NEW HEAD
   (Daily News: April 13, 2021)

   Georgian Finance Ministry’s Revenue Service reported about appointment of Zurab Sichinava as the new head of Georgian Customs Department.

   Until now, Sichinava worked in the Protection Police Department of the Interior Ministry.

7. Rezonansi: “NEW STRAIN, 10 CLUSTERS AND ONE NEW RESTRICTION – WHAT AWAITS GEORGIA IN THE COMING DAYS”
   (Economic Press Monitor: April 7, 2021)

   On April 6, Georgia’s daily rate of new COVID-19 cases abruptly increased, while rate of positive tests exceeded the critical mark of 3%, the newspaper reports. In particular, COVID-19 was confirmed to Prime Minister Irakli Garibashvili, while President Salome Zurabishvili went into self-isolation.

8. Kviris Palitra: “FROM A RIFT WITH THE EU TO AN ECONOMIC SPLIT”
   (Economic Press Monitor: April 5, 2021)

   If political parties in Georgia fail to reach an agreement, members of the European Parliament threaten Georgia with financial sanctions, the newspaper writes. The article brings comments of 4 specialists on this topic.

9. Rezonansi: “ODDITY: NATIONAL BANK BROUGHT DOLLARS FOR SALE DURING THE SHORTAGE, BUT FAILED TO MASTER THEM”
   (Economic Press Monitor: April 2, 2021)

   In recent days, Georgian national currency, lari, is distinguished with depreciation and instability, the newspaper notes. However, only $27.5 million were sold out of the $40 million, brought by National Bank of Georgia (NBG) on auction.

10. Bankebi da Finansebi: “FROM POSITION OF ACCOUNT MANAGER TO DEPUTY DIRECTOR OF “SAKARTVELOS BANKI” – ETHER IREMADZE AND ZURAB KOKOSADZE WERE PROMOTED”
    (Economic Press Monitor: March 18, 2021)

    Director general of Sakartvelos Banki (Bank of Georgia) Archil Gachechiladze has two new deputies, the newspaper reports. Namely, Zurab Kokosadze and Ether Iremadze became deputy director generals in this Georgia’s second largest bank.

11. “KTW” BONDS ADMITTED TO TRADING SYSTEM OF GEORGIAN STOCK EXCHANGE
    (Daily News: February 15, 2021)

    Georgian Stock Exchange reported that bonds of LLC Kakheti Traditional Winemaking (KTW Group) have been admitted to the listing of category B since this month. The matter concerns 10,000 bonds worth $10 million.

12. Rezonansi: “THE STATE STARTED PREPARATION FOR BIG PRIVATIZATION?”
    (Economic Press Monitor: January 29, 2021)

    While commenting on plans of Georgian government to reform state-owned enterprises, academician Auto Silagadze points that “Reforming implies both restructuring and commercialization, in order to hand over [the state-owned enterprises] to private investors through privatization”.

    Silagadze considers that “Only separate enterprises could be retained in state ownership.

13. Netgazeti.Ge: “ZURAB POLOLIKASHVILI WAS ELECTED AS SECRETARY GENERAL OF THE UN TOURISM ORGANIZATION FOR THE 2^ND TERM”
    (Economic Press Monitor: January 20, 2021)

    Zurab Pololikashvili is elected as Secretary General of the UN World Tourism Organization (UNWTO) for the second term (2022-2025), Netgazeti.Ge reports. Pololikashvili was elected to his first term in 2017.

14. Netgazeti.Ge: “WHY SO-CALLED CRYPTO-MINING CANNOT BE STOPPED IN ABKHAZIA – EXPLANATION OF DE-FACTO MINISTER”
    (Economic Press Monitor: January 14, 2021)

    For years, due to cheapness and availability of electricity, mining of crypto-currency has been a profitable business in Abkhazia, the article notes.

    The article reports that crypto-currency mining was officially not banned for those who had a permission, but against the background of growing electricity cost and the current crisis, activity of legally operating enterprises was suspended until May 2021.

15. IN 2019, PROFIT OF “AKHALI NATEBA” DECREASED BY 16.2%
    (Daily News: January 13, 2021)

    LLC Akhali Nateba (New Light, chain of lighting, furniture and accessories stores) reported profit of 1.1 million lari for 2019. According to audited report of the company, the volume has decreased by 16.2% year-on-year.

16. IN 2019, PROFIT OF “KAKHETIAN TRADITIONAL WINEMAKING” DECREASED BY 5.4%
    (Daily News: December 8, 2020)

    Group of LLC Kakheti Traditional Winemaking (KTW) reported profit of 22.6 million lari for 2019. According to audited report of this Georgian winemaking company, the volume has decreased by 5.4% year-on-year.

17. WITHIN PRAGUE FORMAT, GEORGIAN AND RUSSIAN SIDES DISCUSSED, ALONG WITH OTHER ISSUES, POSSIBILITY OF RENEWAL OF AIR COMMUNICATION
    (Daily News: November 30, 2020)

    Within the Prague format (informal Russian-Georgian negotiations), online meeting between Georgian Prime Minister’s special envoy in relations with Russia Zurab Abashidze and member of Federation Council of Federal Assembly of Russian Federation Grigory Karasin was held on November 29.

    While commenting on the meeting, Abashidze said that “Russian side mentioned subject of air communication’s renewal”.

18. US STATE SECRETARY CONFIRMED THE US SUPPORT TO GEORGIA
    (Daily News: November 18, 2020)

    Within his visit to Georgia (November 17-18), the US Secretary of State Mike Pompeo met Georgia’s Prime Minister Giorgi Gakharia today.

    The US embassy in Georgia reported that the parties discussed the US support to Georgia’s Euro-Atlantic aspirations and strengthening of democratic institutes in the country.

19. Rezonansi: “WHO WILL MAKE CONCESSIONS, THE OPPOSITION OR THE AUTHORITIES – ABOUT WHAT THEY SPOKE IN RESIDENCE OF THE US AMBASSADOR”
    (Economic Press Monitor: November 13, 2020)

    Georgian authorities (speaker of the Parliament Archil Talakvadze) and opposition held a meeting during 3 hours in the residence of the US ambassador in Georgia, though no comments were made about details of conversation, the newspaper says.

    According to Talakvadze, “it was the positive beginning of political consultations”.

20. IN H1, NET PROFIT OF JSC “SARAJISHVILI” REDUCED 3 TIMES Y-O-Y
    (Daily News: September 23, 2020)

    JSC Sarajishvili (production of alcoholic drinks) reported net profit of 1.4 million lari for the first half of this year. According to report of the company, the volume has reduced 3 times year-on-year.

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