AJARA BUSINESS WEEK #4

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August 3, 2015 #4

August 3, 2015, Issue 4

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BE INFORMED, DO BUSINESS IN AJARA

Snoop Dogg Steals the Show at Black Sea Jazz Festival

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INFOGRAPHICS

BK Batumi – Majestic Bar, Amazing Prices, Delicious Menu, Refined Style

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satires, bricked walls and wooden furniture tastefully comply with the common décor.

The restaurant offers a wide assortment of traditional Georgian and classic European dishes.

Pizza, Italia Caesar and Brown are restaurant’s visiting card. Caesar of Italian branded salad leaves is a visiting card of the restaurant. The bar will also host you with high-quality alcoholic and soft drinks.

A two-floor interior of the restaurant provides

maximum comfort and amenity. This is the best place for business meetings, presentations of books, literary evenings and festival events.

Guests are also able to enjoy the best Chillum smokes available in Batumi.

The main formula of the popularity of this food asset consists in delicious dishes, reasonably arranged environment and maximal comfort, the restaurant director Paata Bezhanidze said.

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T MEHMET AYAG

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Georgia Provides Business Friendly Environment

TOM DAY

Cushman & Wakefield | Veritas Brown take on Ajara region as a Favorable Business Destination

For the First Time in Batumi: Taste Romaine Lettuce his is rather a museum-restaurant with its ethnographic interior and retro content than a typical restaurant. As a Batumi’s visiting card BK Batumi restaurant harmoniously fits the Batumi historical zone. The magnificent environment is waiting for our guests.

The restaurant’s stylized interior with Georgian urban motives and the artistic harmony of refined colors draw your attention at once. The white

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DAVID KUCHUKHIDZE

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Foreign Citizens are Interested in Gonio Apartments

The Fastest Way to Get to Batumi is by Plane. Duration of the Flight is 45 Minutes and the Price Constitutes 150 GEL Pg. 7

Georgia should Receive Visa-Free Travel by 2016

he Foreign Affairs Committee of the European Parliament (EP) believes Georgia should be granted a visa free regime in 2016, once the country fulfils its obligations and commitments. An eight-member delegation of the Foreign Affairs Committee, led by Chairman Elmar Brok, visited Georgia last week and were introduced to the current situation and the recent changes implemented in the country.

The delegation welcomed the country’s efforts to carry out vast and varied reforms, as well as its implementation of the Association Agreement (AA) and the Visa Liberalisation Action Plan (VLAP).

A special statement released after the officials’ visit noted the European Parliament supported Georgia as it moved towards Europe. “The [European] Parliament fully supports Georgia in this process, convinced that visa free travel is the tangible short-term example of what the EU can offer to the population. They consider that a visa free regime should be granted in 2016, once the relevant criteria are fulfilled,” read the special statement.

While in Georgia the EP Foreign Affairs Committee delegation met Georgia’s President Giorgi Margvelashvili, Prime Minister Irakli Garibashvili, Parliament Speaker David Usupashvili and other members of Parliament.

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International Network “Aesthetic Medical Clinics Group” – Prague, St.Peterburg, Tbilisi

CLINIC

MEDI

Full span of State of Art Dentistry . . .

23 Vazha-Pshavela str. Batumi Tel: (422) 27 77 88

GOVERNMENT

2 MAIN EVENTS GEORGIAN GOV’T REINSTATES ALLOWANCES FOR SINGLE PENSIONERS

ajara business week

Chairman of Ajara visits the Fish Industry

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hairman of Ajara AR Government Archil Khabadze, Minister of Agriculture of Georgia Otar Danelia and Minister of Agriculture of Ajara Zaur Putkaradze visited the Sturgeon Breeding Industry in the village Makho, Khelvachauri Municipality. ‘Unifishji Company’ breeds different species of sturgeon and sturgeon caviar.

The company owns sturgeon caviar processing plant and 1077 square meters area. The company representatives are planning to export produced goods in the European Union and other countries.

Products will be sold in the local market as well.

Archil Khabadze together with Otar Danelia

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he Government of Georgia is looking to reinstate allowances for single pensioners who are not covered by the program covering the socially vulnerable population. This issue is being discussed at today’s Governmental meeting.

REGULATOR TO PASS DECISION ON TELASI’S TARIFF GROWTH REQUEST UNTIL DECEMBER 18

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ecember 18, 2015 was set as the deadline for making a decision regarding the Telasi tariff application. This decision was made at the session of the Georgian National Energy and Water Supply Regulatory Commission (GNERC).

ENERGY MINISTER AVOIDS NAMING DEADLINE FOR RETURNING KAZTRANSGAS TBILISI TO KAZAKH MANAGEMENT

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ccording to Energy Minister Kakha Kaladze, the Ministries of Finance of Georgia and Kazakhstan are negotiating over the return of the Tbilisi gas distribution company “KazTransGas - Tbilisi” to the Kazakh management.

“As far as I know, currently the parties are being negotiated regarding the company’s debt. This is the only problem, there are no other complications, “- the Minister says.

PM NEGOTIATES TRADEECONOMIC ISSUES WITH CHINESE DELEGATION

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rime Minister of Georgia Irakli Garibashvili hosted a delegation from Public Republic of China today with the aim of strengthening bilateral trade.

COST OF GEORGIAN VISA DROPS SIGNIFICANTLY

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oreigners who need a visa to come to Georgia are needing to fork out less cash to obtain a visa to enter the country. The cost of obtaining a Georgian visa has dropped more than 50 percent, officials announced today. Since September 1, 2014 it cost $50 USD (113 GEL) to obtain a Georgian visa (Georgia’s Consular fee) however this has been amended to $20 USD (45 GEL).

PRESIDENT VETOES BILL ON NATIONAL BANK

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resident George Margvelashvili has vetoed the bill on the National Bank of Georgia at today’s briefing. The bill, which envisages separation of the supervisory service from the National Bank, was submitted to the Presidential Administration on July 22. The President was given ten days to present his observations and carrying out consultations.

GEORGIA’S EFFORTS TO RETURN MTSKHETA TO UNESCO WORLD HERITAGE LIST

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he Georgian Government has declared a freeze on any type of construction and privatisation in Mtskheta, one of the oldest towns of Georgia, until the end of next year so the town can return to the UNESCO World Heritage List.

Country officials said if the organsation’s recommendations were taken into account Mtskheta would “definitely” return to the important list in 2016.

GEORGIA USES GERMAN EXPERTS TO CREATE COUNTRY PLAN

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eorgia is using international experts to help create a general development plan for the country.

The country’s Prime Minister announced Germany would be a leading force in terms of spatial arrangement within the general plan for the country.

August 3, 2015 #4

and Zaur Phutkaradze introduced activities of agricultural cooperative ‘Goderdzi’ in the village Medzibna, Keda Municipality. The cooperative unites 4 partners. They sold 20 tons of trout last year. The cooperative owns the incubator fry, live fish transport tank, refrigerator, 8 trout and 2 fry pools. ,,Opening new enterprises has the great importance for the region’s development. Ajara is distinguished with fish breeding as the mountainous Ajara has the special conditions for such activities. Developing such farms contributes to locals’ employment rate and investments. Products produced here have potential to enter the European market,” – Archil Khabadze says.

Rehabilitation Works of Gyms and Interior Renovation at Batumi Public Schools

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hairman of Ajara AR Government Archil Khabadze observed rehabilitation works of schools together with the Minister of Education, Culture and Sport George Tava-

maishvili.

The Public School #26 is being rehabilitated in the framework of Construction and Rehabilitation Target Program of the Ministry of Education, Culture and Sport. The first floor is being re-

paired in order to improve teaching conditions of people with disabilities. Speech therapist, nurse, psychotherapist and coordinators Rooms will be arranged. Two bathrooms will be also constructed in accordance with the modern standards on the first floor. School rehabilitation worth of 150 096 GEL was started in May 2015 by the company ‘Bachi’. The process should be completed by October. The Chairman also visited and observed sports halls and facades rehabilitation works at

schools #20 and #27.

According to the project schools will be packed with colorful facade of iron sheets. Gym floor, roof and sewage systems will be changed and repaired. 343 412 GEL was allocated from the budget for both schools.

The works will be finished by October 15.

Sports halls rehabilitation process is going on at 7 public schools in the frames of Sports Development Supporting Target Program this year.

New Kindergartens being built in Kobuleti

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everal new kindergartens will be opened in Kobuleti this year. So far preschool institutions did not exist in some villages at all. Chairman of Ajara AR Government Archil Khabadze visited construction works together with the members of municipal council.

Works are actively underway in the village Khutsubani. Preschool of modern standards is designed for 90 kids. According to the project, bedrooms, entertainment rooms, bathrooms and halls will be constructed, central heating system

installed and yard with children attractions will be arranged. GEL 434 000 will be spent for the construction works.

New kindergarten is under construction in the village of Kobuleti as well. Modern, two-storey building designed for 90 kids is almost finished.

It will receive the first group of preschool children in winter, 2016. GEL 397 000 is allocated from the local budget for these works.

Kindergartens of Khutsubani and Kobuleti villages will be adopted for persons with disabilities. Ramps and wide doorways will be made.

GEORGIA SHOULD RECEIVE VISA-FREE TRAVEL BY 2016

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he Foreign Affairs Committee of the European Parliament (EP) believes Georgia should be granted a visa free regime in 2016, once the country fulfils its obligations and commitments. An eight-member delegation of the Foreign Affairs Committee, led by Chairman Elmar Brok, visited Georgia last week and were introduced to the current situation and the recent changes implemented in the country.

The delegation welcomed the country’s efforts to carry out vast and varied reforms, as well as its implementation of the Association Agreement (AA) and the Visa Liberalisation Action Plan (VLAP).

A special statement released after the officials’ visit noted the European Parliament supported Georgia as it moved towards Europe.

“The [European] Parliament fully supports Georgia in this process, convinced that visa free travel is the tangible short-term example of what the EU can offer to the population. They consider that a visa free regime should be granted in 2016, once the relevant criteria are fulfilled,” read the special statement.

While in Georgia the EP Foreign Affairs Committee delegation met Georgia’s President Giorgi Margvelashvili, Prime Minister Irakli Garibashvili, Parliament Speaker David Usupashvili and other members of Parliament, opposition and representatives of civil society.

The international delegation also visited the Administrative Border Line (ABL) that divides

BUSINESS WEEK

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Georgia’s breakaway Tskhinvali (South Ossetia) region and the rest of the country. This experience had a lasting effect on the delegation.

“The [Foreign Affairs Committee] members expressed concern about the recent developments along the ABL with South Ossetia. They visited the ABL in the area where the signposts were moved and saw the dramatic impact borderisation has on the livelihoods of people.

“The members stressed the importance of fostering people to people contacts to overcome divisions. They reminded the Georgian authorities that democratic developments and strengthening of democratic institutions is the best defence,” the statement read.

Furthermore, the delegation reaffirmed its support for the territorial integrity of Georgia and reiterated that the international community will not recognise the recent so-called treaties on alliance and integration signed between Russia and Georgia’s two breakaway regions Abkhazia and Tskhinvali.

Condolences were also offered by the delegation to the victims and the affected families of the recent flood in Tbilisi, noting that prompt assistance provided by the European Union (EU) was a sign of the friendship the EU had with Georgia and its people.

EUROPEAN PARLIAMENT COMMENDS GEORGIA’S EU-INTEGRATION PROGRESS Members of European Parliament (MEPs) have

recognised Georgia’s reform progress and commended the country’s efforts to move closer to Europe.

A MEP delegation, led by chairman of the European Parliament Committee on Foreign Affairs Elmar Brok, is paying a visit to Georgia to appraise the counntry’s reform efforts.

“We support Georgia’s territorial integrity and we do not recognise Russia’s occupational policy,” Brok said after a meeting at Georgia’s Foreign Ministry today.

The delegation also met Georgia’s President Giorgi Margvelashvili and Prime Minister Irakli Garibashvili. The sides talked about the current tense situation at Georgia’s occupied regions and nearby villages.

Brok said his delegation would go to Khurvaleti village this afternoon, which bordered the Russian occupied Georgian region of Tskhinvali (South Ossetia) to learn more about the situation on the ground.

Meanwhile, the Prime Minister’s press office said the MEPs welcomed Georgia’s reform progress, especially the Interior Ministry, Prosecutor’s Office and justice reforms.

“They also said Georgia had shown great progress in its Euro-integration process,” the press office said.

The sides reconfirmed the implementation of Georgia’s Association Agreement with the European Union (EU) was the key priority in GeorgiaEU relations.

The English-language weekly is distributed to over 1000 assets in Ajara, including, major companies, commercial banks, international organizations, state offices, high-class hotels, shopping malls, Batumi airport, Kobuleti, Sarpi. Businessmen and Managers Read ABW.

Source: www.commersant.ge, www.bpi.ge, www.gbc.ge, www.agenda.ge, www.civil.ge

August 3, 2015 #4

HEAT BATUMI ajara business week

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Snoop Dogg Steals the Show at Black Sea Jazz Festival 23-24 of July Batumi saw the biggest jazz event in the region the 9th Black Sea Jazz Festival. The Festival ended with the American rapper Snoop Dogg’s concert on July 26, making Batumi the first city in which he played within his Eastern European tournament.

An American R&B singer Liv Warfield opened the “Heat Batumi” days with her energetic performance on July 24 that left the crowd very pleased.

Liv Warfield is known for her powerful voice and impressive performances. Her musical taste has been shaped by such singers as Nina Simone, Etta James, Tina Turnder, Sade and Mary J. Blige.

On July 25, an English singer and songwriter Lisa Stansfield performed at the Batumi tennis courts. Stansfield is famous for her inviting vocals and dance pop music. She has recorded duets with renowned artists like George Michael and Queen. Four of Lisa’s albums have become hit records and sold more than 15 million copies.

George Clinton is one of the pioneers of Funk music, whose art has become inspiration for bands like Parliament and Funkadelic. The band is known for its colorful costumes and memorable shows on stage.

The actor and rap performer Snoop Dogg has been awarded with numerous musical awards, including multiple GRAMMY’s.

Since 1993, he has released 12 musical albums and has collaborated with various artists from many musical genres. Snoop Dogg has sold more than 30 million albums all over the world.

Within the framework of the Festival, the club “Take Five” the Georgian orgian jazz pianist Giorgi Mikadze performed with the band. A renowned American DJ, Hip-Hop artist, Berkley Professor and member of Okayplayer Brian Raydar is also o the member of the band. Mikadze presented to the public a totally novel multi-genre project titled “Giorgi Mikadze and NYC Groove Aliens Feat. DJ Raydar and Ellis.” lis.”

The project is a mix of jazz, funk, soul, fusion and hip-hop.

4 TURKEY TURKEY’S FOREIGN TRADE VOLUME DECREASES BY 10 PCT IN H1

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urkey’s foreign trade volume shrank by 10 percent in the first half of 2015, compared to the same period a year ago, official data revealed on Friday.

According to the data jointly prepared by the Turkish Statistics Institute (TurkStat) and Ministry of Customs and Trade, Turkey’s foreign trade volume dropped from $200 billion in the first half of 2014 to $180 billion in the first six months of this year.

While exports recorded an 8.2 percent decrease and amounted $73.5 billion, imports contracted by 10.9 percent and stood at $106.7 billion in the same period. The foreign trade deficit therefore narrowed year-on-year by 16.3 percent to $33.2 billion.

Exports in June declined by 6.9 percent to $12 billion, compared to June last year and imports slumped by 12.5 percent, standing at $18.2 billion. Friday’s data also showed that the exportimport coverage ratio rose from 61.9 percent to 65.9 percent in the same period.

BUSINESS ajara business week

Georgia Provides Business Friendly Environment Government should Develop New Regulations to Oblige Developers to Finish Construction Projects Metro Atlas Georgia company is building a top-class hotel in the settlement of Kakhaberi, Batumi, the Autonomous Republic of Ajara. The company has bought a 25 000 square meter nonagricultural land plot by auction at 1.530 million USD. Under the agreement, the investor will build an at least 200-suite hotel in the new Boulevard. Metro Atlas Georgia Ltd will place conference halls, apartments, casinos and other assets on the territory. The company will also invest additional 2.250 million GEL in arranging the channel near the real estate. Metro Atlas Georgia plans to invest 90 million USD in Batumi. The complex will hold at least 203 suites.

Three buildings on the territory will hold 594 apartments. Metro City hotel will include a 1500seat conference hall, a shopping mall, VIP residence, a casino and other assets. The project will employ 600-1500 individuals.

In his interview to ABW, Metro Atlas Georgia director MEHMET AYAG talks about the future plans, the reasons he has launched business in Georgia and he also appraises Georgia’s business environment and overviews several other interesting issues.

TURKEY’S REVENUES FROM TOURISM FALL SHARPLY

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n the second quarter of 2015, Turkey’s revenues from tourism fell sharply compared to the same period last year, said the message of the Turkish Statistical Institute July 31.

In the second quarter of this year, Turkey’s tourism revenues decreased by 13.8 percent and amounted to $7.733 billion.

The message said that of the total income received by Turkey from tourism in the second quarter, $5.95 billion fell on foreign tourists, $1.77 billion - on Turkish citizens living abroad.

The country’s incomes from tourism rose in 2014 by 6.2 percent compared with the same figures for 2013 standing at $34.305 billion, according to the Turkish Statistical Institute.

RUSSIA SAYS TURKSTREAM PIPELINE COULD BE DELAYED

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ussian Energy Minister Alexander Novak said on Wednesday there was a risk construction of an underwater pipeline to Turkey could be delayed if a related intergovernmental agreement was not signed soon, the Interfax news agency reported.

Russia’s Gazprom is yet to start laying pipes beneath the Black Sea for the first line of theTurkStream pipeline, which was expected to start operations by 2017 and bring 15.75 billion cubic meters (bcm) to Turkey annually. “If construction does not start, it is obvious that the schedule is moving,” Novak was quoted as saying.

TurkStream is supposed to bring a total of 63 bcm of gas per year to Turkey and to southern Europe via Greece by 2020 -- a project aimed at bypassing Ukraine as a key transit country for Russian gas flowing to Europe. Earlier in July, Gazprom cancelled a contract with Italy’s Saipem to build a link to Turkey but Russian officials have said Moscow was continuing to work on the project.

TURKEY MAY LOWER GROWTH FORECAST AMID POLITICAL CHAOS

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mid rapidly widening political chaos throughout Turkey, Finance Minister Mehmet Şimşek recommended that the country’s growth forecast be revised to express a lowered estimate in televised remarks on Monday.

Turkey’s forecasted growth is already less than 3 percent this year, slow in comparison to the rapid growth the country enjoyed in recent years.

While growth hit 9 percent in 2010 and 2011, it plummeted to less than 3 percent last year, a figure that is likely to stay roughly the same by the end of 2015.

“The latest developments will most likely not affect the growth forecast positively, but I want to emphasize that while they may affect the economy and markets negatively, we will not allow terrorist organizations to carry out operations in Turkey,” Şimşek said.

August 3, 2015 #4

- We had never seen in Georgia when taking decision to make investments in this country. We have invested in Georgia’s first top-class international bus station that was unveiled in Batumi.

Initially, we abstained from making investments here, but we were persuaded Georgia had changed.

We took a decision and chose the bus station territory. We had seen this territory on only a map.

Then we arrived and built European-standard bus station. The founder of this company has been operating in Georgia for 11 months and I would like to stress Georgia is a democratic, free and reliable country. Having arrived here we launched implementing our projects. This project was to be finished in 2019, but it will end ahead of schedule in 2016. The founder of the company is a patriot person. His patriotism and national sense are expressed in his readiness to pay legal taxes in the country, where he is doing business, and promote the economic development in the Region. We do not pay regard to the color and race of persons. We appreciate the sour and human values in peoples.

We are part of this city and country.

- How much has your company invested?

How many persons does your company employ and what new projects do you plan to implement in Ajara?

- The Metro City project is being implemented at high paces. We also plan to implement a

new project in the vicinity of this territory. We have bought a part of the Intourist hotel and we are conducting negotiations with one of the hotels. In whole, we represent 15 companies with about 1000 employees. A total amount of the investments is 300 million USD. Indeed, Along with doing business and making money, we also care for improving the economic conditions of our employees. We pay higher salaries to our staff compared to other companies in the Region. We want to advance educated young people in Georgia. For the first time in Georgia, we have introduced European level transportation standard.

I love Georgia and I back this country on the international level too. We protect the interests of Georgia in the social, culture and athletics directions.

We hope to bring much benefit to Georgia and make much contribution to the development of Georgia. We will always demonstrate our love to Georgia.

- How would you characterize Georgia’s business environment?

- Georgia is a very important and leading country. We have seen a very good environment and we have carried out many projects. This signifies Georgia provides business-friendly environment, where the state sector promotes and supports businessmen. They have opened all roads to us and we are striving for our goals. We have met no obstacles and barriers.

We are delighted by this situation and plan to increase our investments. Capital of 50 million USD will create output of 0.5-1 billion USD. We have always received answers to our questions and there was no exception in this respect.

- What further steps should the state sector take to draw more investments to the Region?

-The major challenge is the fact the civil sec-

tor is very weak. The business expansion and settlement of our own affairs do not signify all barriers have been overcome. We know many investments have been made in various regions of Georgia, but many of them have been suspended.

The government should introduce new regulations to oblige the project owners to finish the construction of the assets. This step would form a good business sector. As to Batumi, this city will become a center of tourism and I do believe this consideration will come true. I believe the suspended construction projects should be renewed and finished. To discharge the city from traffic jams, parking places and similar assets should be moved to outskirts. Khelvachauri provides excellent conditions for that.

- There are serious problems in terms of employment in Georgia. All Authorities have promised to resolve this problem, but the problems remains\ relevant anyway. What should be done to settle this issue?

- The government should spend 100 000 USD to create the world-standard job places. If the state sector cannot cope with tasks, then the private sector should be promoted.

- Highland regions of Ajara provides favorable conditions for the tourism development. Do you plan to construct hotels in one of the ski resorts in Ajara?

- Good infrastructure is required to create the center. Good natural conditions and beautiful nature without comfortable hotels do not suffice to develop tourism. There were only several ski resorts in several regions of Turkey previously, but today their number has extremely increased.

At this stage, we are targeting Tbilisi, but we will think about the mentioned direction too.

Giorgi Siradze

INTERVIEW

August 3, 2015 #4

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ajara business week

AZERBAIJAN AZERBAIJAN, IRAN TO IMPLEMENT JOINT PROJECTS IN ALTERNATIVE ENERGY SECTOR

TOM DAY Regional Director – Hospitality Services & Investor Services

Cushman & Wakefield | Veritas Brown take on Ajara region as a Favorable Business Destination - How forward-looking is Ajara region in terms of new investments?

- Cushman & Wakefield | Veritas Brown help facilitate investor entry to the Ajara region - equity funds, high net worth individuals, Georgian and International businesses and extended developer companies; with many clients generally impressed with the ease of doing business in the Ajara region.

On behalf of Cushman & Wakefield | Veritas Brown, I can say that being part of the C&W global network enables us to access 16,000 property consultants in 259 offices across 60 countries throughout the world, and we are therefore constantly in touch with the regional and global real estate investors.

We do communicate the positive effects, both in terms of regional development and investor returns when pitching the Adjara region to our clients.

With efficient approval processes from local authorities, comparatively low licensing fees and fair corporate taxation rates, constant readiness to contribute and assist the investors’ needs from the local government, Ajara region is perceived as a favorable business destination.

- How would you describe your field of occupation in the Ajara region?

- Cushman & Wakefield | Veritas Brown advise numerous development companies, existing hotel operators and owners, retail operators and real estate owners in the Ajara region. Our International Advisory

Services team, who have broad experience in both local and International context, specialize in initial concept, feasibility study, financial reporting and produce investment grade reports that are accepted by global and local banking institutions and equity funds.

We have advised many of the largest mixed use development projects in the Ajara region, for example, the Hilton Batumi Hotel & Belle Vue Residences, the Atlas Georgia development at No.1 Mtsvane Street, the Babillon Tower project on Rustaveli Avenue as well as luxury spa and wellness concepts in Ureki and Kaprovani. Our unique Investment Services team has sourced startup capital and project finance for a range of projects in the region.

- What are your goals and objectives?

- We aim to bring additional foreign direct investment into the Ajara region in the form of high net worth investors, global hospitality and retail brands. Our objectives are to communicate to domestic and regional investors the real estate developments in the region that have strong differentiation, unique locations, and high-quality and higher-end concepts. Mixed use developments projects with these characteristics and that encourage all year round participation are expected to experience stronger sales and price growth.

- To what extent will you and your company benefit those projects?

- We create added benefit to a development project through inter-

national expert analysis and financial modelling to ensure that our clients receive the project rates of return that are commensurate with the discount rates applied to finance in Georgia. Typically regional and global investors want to see at least a 15-20% internal rate of return per year to invest in projects in the Ajara region. Where a development project needs part or full financing, our Investor Services team then aims to bring about investment by matching the available projects to our extensive database of global investors.

Our hospitality team also offer the operator and brand search services, assisting the hotel developers by bring the international operators and brand names to the market, hence adding value to the projects.

- What are the expected challenges you might be facing?

- Based on statistics, the majority of tourism demand in Ajara is concentrated over the summer season. Extending the summer season and growing demand for winter products in Ajara is a near-term challenge. To overcome this challenge an investor or existing operator might look to attract winter conferences, develop spa and wellness facilities that offer all year round services and also facilities suitable for professional sports teams in terms of winter training. The overarching near-term challenge for both, the regional and national administrations is to increase the quantity of flights into Batumi Airport, and thus promote Batumi to a wider regional and European tourism markets.

- How would the region benefit from your projects?

- Cushman & Wakefield | Veritas Brown help facilitate global hotel brands and operators to enter the Ajara region and this should have a positive effect on both the tourism number and spends due to the fact that hotels operate with destination marketing companies (DMCs) to promote their hotels and the region.

These DMCs also help spread the Batumi name recognition and image across global marketing platforms and across the global travel networks. Our Investor Services team is on track to place over USD $100M in transactions by the end of 2015 in the form of client acquisition/disposals of assets and client investments in project developments in the Ajara region.

- What are the projects you are planning in the future?

- There is strong and growing interest in real estate investments in Georgia both, from European and Western European countries. Cushman & Wakefield | Veritas Brown, is also planning to organize together with the Georgian Investment Agency, the “Investment Forum – Batumi 2015” to be held on September 18th, 2015 at the 5* Hilton Hotel in the Black Sea resort of Batumi. The event is expected to gather top companies and professionals from the region and provide them with a unique opportunity to come together, discuss exciting prospects in Georgia and discover current investment-ready projects in the real estate and tourism sectors.

IFAD-financed Agriculture Support Project (ASP) Ends, New Plans on the Horizon

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oday the Ministry of Agriculture of Georgia summarized its progress and accomplishments within the Agriculture Support Project (ASP), financed by the International Fund for Agricultural Development (IFAD) The Deputy Minister of Agriculture Nodar Kereselidze, IFAD Project Manager Ms Durmishidze and Ministry’s Head of Reclamation Department Valerian Mchedlidze presented the outcomes of ASP’s to the press.

ASP is a long-term project that started back in

2010 and will be completed by the end of September of this year. The Project is aimed at resolving infrastructural problems for farmers in Georgia.

One of ASP’s main directions was the rehabilitation of irrigation systems and eliminating water irrigation-related issues throughout Georgia.

6,325 kilometers of irrigation lines have been rehabilitated; 14,400 families have been provided with irrigation water. 11,000 hectares of farming lands have been irrigated directly as the result of ASP, the Ministry representatives stated, emphasizing the climate change gains of this endeavor.

IFAD’s Project Manager in Georgia, Lali Durmishidze, presented the Agriculture Support Project’s summary report. “Areas of activity included Inner Kartli, Mtskheta-Mtianeti, and Samtskhe-Javakheti municipalities, where 6 irrigation systems were successfully rehabilitated,” Durmishidze stated. IFAD’s next project will be Agriculture Modernization, Market Access and Resilience (AMMAR). The project’s goal is to improve farmers’ knowledge and implement new technologies. With a budget of approximately $19 million, the project will also include grant handouts, both small – $5000-$10,000 – and large-sized sums, at around $70,000.

“We plan to continue our cooperation with IFAD in the future as well. The new project will be oriented not only at rehabilitating the irrigation system in Georgia, but also creating an agricultural infrastructure aimed at implementing environmentally friendly farming in Georgia,” the Deputy Minister of Agriculture Nodar Kereselidze stated.

The International Fund for Agriculture Development (IFAD) is one of the most generous donors in the agriculture sector, and has been financing various projects in Georgia since 1998.

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zerbaijan and Iran have established a working group to implement joint projects in the alternative energy sector.

Jamil Melikov, the deputy head of Azerbaijan’s State Agency for Alternative and Renewable Energy Sources, told reporters on July 30 that the working group was established as part of a memorandum signed with the energy ministry of Iran.

“The working group will engage in organizational matters,” Melikov said. “It will offer various projects and discuss bringing investors, specialists from both sides, give recommendations so that through our joint efforts we can implement projects in Azerbaijan and Iran.”

He went on to add that the abovementioned memorandum also provides for a mutual exchange of information on current and future projects in each of the two countries. “Currently we are discussing organizational matters: the time and venue for the first meeting, and also the working group’s activity plan.”

Melikov also noted that during an Azerbaijani delegation’s visit to Iran on August 3-4, the two sides expect to discuss acceleration of the working group’s activities and settle bureaucratic nuances.

CUSTOMS EXEMPTIONS TO LEAD TO DEVELOPMENT OF HIGH TECH PARKS IN AZERBAIJAN

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he seven-year exemption for the residents of Mingachevir High Tech Park from customs duties for importing high-tech product components will give an impetus to the establishment of new and the development of existing high tech parks in Azerbaijan, Vugar Bayramov believes. The Chairman of the Center for Economic and Social Development told Azernews that customs privileges would pave the way for a decrease in expenditures.

“It, in turn, creates a financial incentive for the development of the high tech parks and leads to an increase of state support in this regard. It also leads to an increase of interest in innovative and information technologies,” he said. The expert also said that the development of the information technologies sector is considered as one of the top priorities of Azerbaijan’s non-oil sector.

US RESUMES DUTY-FREE IMPORT OF AZERBAIJANI GOODS

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zerbaijani exporters will be able to import goods in the territory of the United States on preferential terms or without paying customs duty until 2018, said the message of Azerbaijan Export and Investment Promotion Foundation (AZPROMO), published July 31 on its website.

The changes are provided in the act adopted by the US Congress to extend the program “Generalized System of Preferences” (GSP).

This act extends the right to use the GSP program until December 31, 2017, said the message. The act came into force on July 29, 2015 and these benefits will be also applied to goods imported into the United States since the period of the loss of power of the previous act [July 31, 2013]. Accordingly, the exporters will be able to get back the customs duties paid for goods delivered to the US in the period from July 31, 2013 to July 29, 2015, said the message.

BTK TO INCREASE IMPORTANCE OF AZERBAIJAN RAILWAYS, SAYS FITCH

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he commissioning of Baku-Tbilisi-Kars (BTK) railway will further increase the importance of Azerbaijan Railways CJSC and Georgian Railway JSC in freight transportation within the region and will enhance their business profiles, said Fitch Ratings July 30.

Fitch said that the freight rail transportation volumes continued to decline in most former Soviet Union (FSU) countries over the first five months of 2015 and it is expected that the rail volumes are to remain weak in the second half of this year on the back of lower GDP growth across the region.

6

BUSINESS ajara business week

UKRAINE

August 3, 2015 #4

www. kvariatiluxe.ge

IMF APPROVES $1.7 BN LOAN INSTALLMENT TO UKRAINE

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he International Monetary Fund announced today the approval of a $1.7 billion loan installment to Ukrainedespite uncertainty about the country’s debt sustainability and a conflict with separatist forces.

The IMF executive board backed the release of the loan, part of a four-year $17.5 billion support program awarded in March as Ukraine’s economy neared collapse after more than a year of civil war. An initial $5 billion disbursement was released at the time.

The IMF said in a statement the rescue program is to “support the government’s economic program, which aims to put the economy on the path to recovery, restore external sustainability, strengthen public finances, and support economic growth by advancing structural and governance reforms, while protecting the most vulnerable.”

US IMPOSES FURTHER SANCTIONS ON RUSSIA OVER CRIMEA, EAST UKRAINE CONFLICT

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he United States has imposed further sanctions against Russia over the events in eastern Ukraine and Crimea. Eleven more people and 15 more companies have been put on the sanctions list.

Among the newly included firms are affiliate companies of Russian oil giant Rosneft, as well as several organizations linked to one of the country’s major banks - Vnesheconombank.

Sanctions were also imposed against five Crimean commercial ports located in the towns of Sevastopol, Feodoisa, Kerch, Evpatoria and Yalta, as well as the Kerch ferry service.

The US embassy to Russia said that Washington regards the new sanctions not as an escalation of tensions between the countries but rather as a “routine step” in strengthening current US policy.

UKRAINE BONDS CLIMB AS CREDITORS PRESENTED WITH NEW PROPOSALS

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kraine’s bonds rose to a five-month high as the nation said talks to restructure $19 billion of debt will continue this week after new proposals were presented to creditors.

The government is expecting to receive a response in the coming days to proposals it handed to a creditor group led by Franklin Templeton about a week ago, Finance Minister Natalie Jaresko said in Kiev on Monday. The latest offer is “market-orientated” and “fair,” Prime Minister Arseniy Yatsenyuk said at today’s meeting.

Ukraine’s bonds are heading for their biggest monthly gain this year after the country made a $120 million interest payment on Friday, signaling progress is being made in restructuring negotiations. The two sides agreed on July 1 to start direct talks after a two-month standoff over whether there should be a writedown to the face value of the nation’s Eurobonds with Ukraine repeatedly threatening to stop servicing its debt.

UKRAINIAN TECH STARTUPS SHOWCASE POTENTIAL AT LONDON ROADSHOW

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s Ukraine’s technology startups struggle to connect with Silicon Valley investors, their fellow countrymen in London are trying to open doors in the U.K. investor community.

To get the ball rolling, Ukrainians Serhiy Burnus and Oleksiy Kolchanov organized the Ukrainian Startups Roadshow at three London locations on July 23-25.

Taking place at Bloomberg headquarters, Google Campus, and Deloitte Digital Studio, 10 earlystage technology startups from Ukraine presented their products to an audience of almost 250 business people and investors.

Around 70 percent of the visitors were Ukrainians, most of them based in London. Professional investors from venture capital firms, investment banksand investment funds accounted for 20-40 percent of the visitors, depending on the day of the event.

Foreign Citizens Show Much Interest in Purchasing Apartments in Gonio Gionio’s Sewage and Water Supply Problems Must Be Resolved LLC Kvariati has invested about 1.5 million USD in Gonio to construct a residential building.

The construction works will end by the end of 2015 and the building will include 72 apartments.

About 30% of the apartments have been already sold and the company representatives hope all apartments will be entirely sold in the near future.

In his interview to the Ajara Business Week (ABW) DAVID KUCHUKHIDZE, a founder of Kvariati Lux and member of the board of directors, talks about the reasons for which the company has made investments in the Ajara Region, how developed the housing sector is in Ajara, what are the perspectives for the housing sector development and some other interesting issues.

- Where is being this building constructed?

How many floors will the building include? How many apartments will you sell and what phase has the construction process reached?

-The asset is being constructed in Gonio, at St. Andria First-called Street 41. The 9-floor building will include 72 apartments. In august we will construct the 9th floor and the construction works will entirely end at the end of 2015.

- How many apartments have been already sold and how big is the demand?

- At this stage we have sold about 30% of the apartments. The demand is registered from both domestic and foreign citizens, including from Russia, Ukraine and other countries.

- Why have you made investments in Ajara?

What is the investment project’s value?

- Total investments will be about 1.3 million USD. We decided to launch a development project in Ajara in 2005, but we started the project implementation in 2008. The country suffered uffered from the August war and we decided to suspend spend activities. In 2012 we resumed the projectt that will be finished in the near future.

- How developed is the housing sectorr in Ajara? How would you appraise the developlopment sector’s perspectives in this Region?

- I believe the housing business has a genunuinely good potential of development in the Ajara ara Region. As to Gonio, there is much potential, deespite the fact housing companies are mainly innterested in Batumi. I believe investment inflowss will promote the development business in Gonio.

Our company also plans to draw additional investments.

- Business and business environment in Ajara. How would you appraise it? What has been improved? How successfully does the business sector communicate with the local government?

- First of all, the business sector is free of any pressure and no one intervenes in its activity rudely. I would just note there are serious problems with sewage and water supply systems in Gonio and these problems must be resolved.

Both local residents and businessmen have to dig out wells and connect them to water supply

systems and all these efforts take additional time and financial resources. There are problems with road infrastructure too. The existing motorway is overloaded all time and both tourists and local residents face difficulties with locomotion. According to my information, additional new motorway will be constructed. The project has been already developed and I hope it will be implemented in the near future.

As to the communication with the local government, everything proceeds in a normal way.

They have rendered full support to our company in due time. I would like to stress overall support from Batumi City Hall.

- Do you plan to implement new projects in the near future?

- Indeed, we plan to implement certain projects. I have noted the Ajara Region has got huge potential and good perspectives. We should employ these resources. We are trying to draw more investors, who are supervising the Gonio and Ajara region development perspectives to take due decisions.

August 3, 2015 #4

INFOGRAPHICS

7

ajara business week

WORLD FACEBOOK NOW USED BY HALF OF WORLD’S ONLINE USERS

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alf of the world’s estimated online population now check in to the social networking giant Facebook at least once a month. Facebook said the number of people who use it at least monthly grew 13% to 1.49 billion in the three months to the end of June.

The number is equal to half of the estimated three billion people who use the internet worldwide.

Of those users, it said well over half, 65%, were now accessing Facebook daily. The rise in monthly active users helped drive second quarter revenue up 39% year-on-year to $4.04bn (£2.6bn).

Mobile advertising revenue was the biggest factor, accounting for more than three quarters of the total.

In the US, the company said people were now spending more than one out of every five minutes on their smartphones on Facebook.

SPAIN’S ECONOMY ENJOYED ANOTHER GROWTH SPURT

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pain’s economy had another solid quarter between April and June, with a 1% growth spurt, according to figures just released.

That’s bang on what analysts were expecting, and it means the economy has grown 3.1% since the same period last year. That’s the best figure for the country since 2007, before both the financial crisis in 2008 and the euro crisis that began in 2010. Growth of 3.1% may not seem like all that much, but in the context of the eurozone, that’s pretty rapid. It is what has made Spain, a former crisis country in which unemployment is still eye-wateringly high, Europe’s star performer.

Its growth rate is better even than the United Kingdom’s.

The fastest way to get to Batumi is by plane. Duration of the flight is 45 minutes and the price constitutes 150 GEL

BY BUS Buses and minibuses (marshutkas) operate regularly between Batumi and Tbilisi. Travel time is around 6 hours. The fare is 20 Lari. The scenery along the way is interesting. The best place to take the marshutka in Tbilisi is from Didube metro station, exit the station and you will get bombarded by people asking where you are going, just tell them and they will find you the right bus. They leave approximately every hour. But they will wait until the bus has enough passengers on it before they leave. The ride can be a bit rough, so if you get travel sick, definitely take something for it before you leave.

BY CAR Road transportation from outside of the country is possible from the neighboring countries Armenia, Turkey and Azerbaijan.

BY TRAIN Georgian Railways operates trains between Batumi and Tbilisi. Night train leaves Tbilisi at 22:25 and arrives in Batumi’s Makhinjauri Station at

7:05 the next morning. First class sleeping wagon costs 40 GEL (2 people per cabin), second class costs 23 GEL (4 people per cabin). The berths are a little short, narrow and hard but rather comfortable, and linen is provided if you ask for them early enough in the train. Train tickets can be bought at the station or from an office in the old town at 5 General Mazniashvili St (between Melashvili and Abashidze). This office is very plain and nondescript with no signs in English. The door and window frames are green and some metal chairs are visible inside. Hours are 09:00 to 18:00.

BY BIKE There are a few adventurous cyclists passing through Batumi (Spring 2014 average 2+ per week). The road from Batumi to Khulo is mountainous and sometimes the road after Khulo is closed (construction Spring 2014).

Consider contacting the Khulo municipality if you were planning on biking the southern road between Batumi-Tblisi. There are two reasonably priced and knowledgeable bike shops on Pushkin Avenue, in addition to other more trendy shops in the old city.

Kobuleti Internal Roads Rehabilitation Continuous

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hairman of Ajara AR Government Arcil Khabadze visited the newly constructed road sections in the village of Kobuleti, where asphalt was laid for the first time on a groundway. Asphalt was paved on 2 100 m KobuletiChinkuridzeebi road, which costs 335 923 GEL. 15 locals have been working on roads rehabilita-

tion for two months.

Damaged sections of internal and rural roads are being rehabilitated step by step. In the framework of Rural Support Program 1610 square meter long section will be surfaced with concrete.

Asphalt is being paved on 4 300 meter long section of Kobuleti-Chakhari-Tskhemlvana road.

This direction has never been paved so far. The

project cost is Gel 1 339 780.

The works started on April 14 and will end on August 12. 12 locals are employed.

Water supply system is also being repaired. 6 500 meter long water pipes are to be changed in the framework of rural support program. Water supply problem will be eventually solved after the rehabilitation.

Batumi Seaport Handles 134% more Oil and Oil Products than Planned

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or the first semester of 2015, dry cargo turnover for BSP resulted 516 196 tons, which is 18 977 tons less than the planned volume for the given period.

According to the administration of the Sea Port, so the plan fulfillment rate reached 96%, which is 0.5% lower than the same period of 2014.

Oil and oil product’s turnover in the first half of 2015 totaled 1 984 588 tons, which is 134% more than the planned indicators and 11% less than the last year. Total number of vessel calls for the given period equaled to 259.

SAMSUNG SERIOUSLY MESSED UP WITH THE GALAXY S6

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amsung has posted another set of disappointing quarterly earnings, with the launch of its newest flagship smartphone, the Galaxy S6, failing to bolster its business.

The South Korean electronics company released its earnings report for Q2 on Wednesday. Profits dropped 8% year-on-year — its fifth consecutive decline. Sales, meanwhile, dropped from 52.35 trillion won in Q2 2014 to 48.54 trillion won.

Samsung concedes that the impact of the launch of the S6 “was quite marginal due to low smartphone shipments and an increase in marketing expenses for new product launches.”

Samsung didn’t break out sales figures, but the research company Strategy Analytics estimates that Samsung’s smartphone shipments have dropped from 95.3 million units in 2014 to 89 million in 2015. And The Wall Street Journal points out that operating profits for Samsung’s mobile division have dropped 37.6% year-on-year.

PRESIDENT BARACK OBAMA HAS ORDERED US ENGINEERS TO BUILD THE WORLD’S FASTEST COMPUTER

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resident Obama issued an executive order Wednesday for the United States to build the world’s fastest computer over the next decade.

Mr. Obama has created the National Strategic Computing Initiative to help the country lead in the development of High-Performance Computing (HPC) systems. Competitiveness in this field remains “essential to economic competitiveness, scientific discovery and national security,” the White House announced Wednesday.

The initiative includes two key goals.

First: to increase the speed of calculations to one exaflop (1018 arithmetic operations per second). This is about 30 times quicker than today’s fastest machines, according to Wired. Second: to “efficiently manipulate vast and rapidly increasing quantities of both numerical and non-numerical data.

SWISS CENTRAL BANK MAKES 50BN SWISS FRANC LOSS

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he soaring value of the Swiss franc against the euro has led Switzerland’s central bank to report a first half loss of 50bn francs (£33bn).

The bank, which is owned by the Swiss federal government, said the loss could affect its ability to pay a dividend this year. Those dividends are traditionally used to pay for public services.

8

ENTERTAINMENT ajara business week

August 3, 2015 #4

BK Batumi – Majestic Bar, Amazing Prices, Delicious Menu, Refined Style For the First Time in Batumi: Taste Romaine Lettuce

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his is rather a museum-restaurant with its ethnographic interior and retro content than a typical restaurant. As a Batumi’s visiting card BK Batumi restaurant harmoniously fits the Batumi historical zone. The magnificent environment is waiting for our guests.

The restaurant’s stylized interior with Georgian urban motives and the artistic harmony of refined colors draw your attention at once.

The white satires, bricked walls and wooden furniture tastefully comply with the common décor.

The restaurant offers a wide assortment of traditional Georgian and classic European dishes.

Pizza, Italia Caesar and Brown are restaurant’s visiting card. Caesar of Italian branded salad leaves is a visiting card of the restaurant. The bar

will also host you with high-quality alcoholic and soft drinks.

A two-floor interior of the restaurant provides maximum comfort and amenity. This is the best place for business meetings, presentations of books, literary evenings and festival events.

Guests are also able to enjoy the best Chillum smokes available in Batumi.

The main formula of the popularity of this food asset consists in delicious dishes, reasonably arranged environment and maximal comfort, the restaurant director Paata Bezhanidze said.

BK Batumi restaurant opened on December 30, 2014. Pleasant environment and comfortable design, a variety of delicious European dishes and top level services are waiting for our guests. All these factors have preconditioned

a success and popularity of our restaurant. As to the private recipes, the secrecy consists in only high quality products. Natural products – all this suffice to prepare delicious Khachapuri.

We use only high-quality and useful products.

Each employee constancy cares for the consumer’s content and provides guarantee our guests will return home full of unforgettable emotions and delight. Our guests have a pleasant time in a special synthesis of classic and modern styles thanks to the merit of our managers Ia Dumbadze, Mariam Vashakidze and the whole team that works with us. We employ 35 individuals and we make focus on creating comfortable environment for our guests. Our motto is: Your Rest is Our Service”, Paata Bezhanidze noted.

Besides tasting delicious dishes, guests are also able to get to know our literature.

“Our objective is to make BT attainable to everybody and this will make direct affect on prices of our menu and good-will attitude to you. Having opened the restaurant doors you will feel this attitude at once. We strive for the European style.

The art is our trend. Therefore, we offer our services to writers, painters, musicians and art figures to introduce their art, works, to hold presentations, literary evenings, exhibitions, events and other art-related activities.

Our website provides feedback communications.

Contact us and share your opinion and impressions to us”, BK Batumi manager Ia Dumbadze said.

Genuine Chillum in Old Eastern Traditions

Pelion in Batumi

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Ratatouille foodblog (http://ratatui.me/)

Review

he Ratatouille blog visited one of the newly opened restaurants in Batumi, “Pelion”, and talked to us about their impressions.

We visited Batumi. What do you go to taste in first and foremost? Adjaruli Khachapuri, of course. Although we decided to forego this tradition for two reasons: it was raining so hard that you wouldn’t want to poke your nose out from Hilton, and Hilton itself had a newly opened restaurant “Pelion” with its own assortment of Georgian cuisine, including the Adjaruli Khachapuri. But more on this later.

In short, the newly opened Hilton looks fantastic and has an ideal location, with the sea from one side and the Batumi Park and lake view from the other. We forgot about the rain and decided to visit the Pelion restaurant.

“In Greek mythology, Mount Pelion (named from the mythical king Peleus, father of Achilles) was the homeland of Chiron the Centaur, tutor of many ancient Greek heroes, such as Jason, Achilles, Theseus and Heracles”.

A hostess greeted us at the entrance, boasting European standards and traditional Georgian chokha clothing. Georgian national clothing is generally a theme with the Batumi Hilton dress code and is ideally merged with the modern environment. One thing that immediately caught my eye was a chokha-clad boy who helped us carry our luggage. It wasn’t his duty, but he felt obligated and this left an uncomfortable impression.

We sat down with the menu. Prices were normal, less expensive than expected from a 5-star hotel restaurant, and a bit pricier than in neighboring cafés.

It was immediately jarring that traditional Georgian dishes were served not-so traditionally here. For example, the Chakapuli was adorned with crispy Lavashi bread, and Ghomi was made from real ghomi seeds and had little to do with the traditional Ghomi taste, with mushrooms and fried cheese on it. The fish with bazhe sause and groceries was soft and tasty. Despite having recently traveled, we weren’t carrying a large appetite. Still, we couldn’t resist the temptation of the Hilton Batumi Khachapuri in the menu with tomatoes and bacon. We ordered it.

This turned out to be a very different Adjaruli Khachapuri – a child of the Georgian khachapuri and Italian pizza, my new love.

This khachapuri had a synergy of both Georgian and European cheeses, as well as tomato sauce and soft bacon slices. You could close your eyes and feel a bit of Italy, and a bit of Adjara.

Now I’d like to tell you about these wonderful desserts, but a separate blog post would serve it better. Definitely click here!

Prior, I’d like to get you acquainted with the prices of what’s on the photos: • Ghomi with naghebi, mixed mushrooms and crisp onions – 9 GEL • Salmon fillet in bazhe sause, barda, potatoes and pomegranate – 15 GEL • Hilton Batumi Khachapuri with tomato sauce and bacon – 18 GE

REAL ESTATE

August 3, 2015 #4

9

ajara business week

SELL Rustaveli str Total area:

SELL Sherif Khimshiashvili str Total area:

120 m2

33 m2

Price:48000$

SELL Parnavaza Mefe street Floor:8 Total area:

40 m2

Price:26000$ SELL Javakhishvili str Total area:

48 m2

Price:49800$

SELL Gonio Total area:

SELL Mcvane koncxi LAND Total area:

387 m2

2000m2

Price:90000$

Price:60000$

SELL Sherif Khimshiashvili str.

Total area:

SELL Adlia LAND Total area:

33 m2

1500m2

Price:47000$

Price:105000$

SELL Sherif Khimshiashvili str.

Total area:

SELL Makhinzhauri LAND Total area:

30 m2

171m2

Price:29000$ SELL Pirosani str Total area:

Price:35000$

Price:42750$

SELL Gonio Total area:

SELL Sherif Pirosmani str Total area:

50 m2

36 m2

145 m2

Price:150000$

Price:18500$

Price:36000$

SELL Gorgasali str Total area:

SELL Pushkin str Total area:

SELL Kobaladze str Total area:

52 m2

37 m2

32 m2

Price:50000$

Price:40000$

Price:40000$

PUBLICITY

10

ajara business week

August 3, 2015 #4

International Network “Aesthetic Medical Clinics Group” – Prague, St.Peterburg, Tbilisi

CLINIC MEDI

Full span of State of Art Dentistry . . .

Diagnosis and treatment at CLINIC MEDI are carried out in all major areas of dentistry: therapy, orthopedics, micro, maxillofacial surgery and implants, periodontics, orthodontics, pediatric dentistry, as well as X-ray diagnostics with the ability to receive a 3D-image.

All kinds of dental work performed using innovative materials and modern equipment that ensures a high level of quality of care, can achieve the most accurate and efficient results.

All dental procedures are conducted by qualified experts with considerable experience, unique knowledge and clinical skills.

The system of clinics MEDI identified Level 2 clinics, depending on the volume and complexity of services: the elite and business class.

COMPUTER 3D-DIAGNOSTICS - 3D-tomography - a digital three-dimensional image of dental systems, obtained by X-ray diagnostic study, which was made possible by a fundamentally new diagnostic equipment - dental 3D-computer tomography. Doctors of MEDI are able to work with more accurate, more detailed threedimensional images, which greatly enhances and improves the efficiency of dental treatment.

DENTAL TREATMENT - Treatment of caries and aesthetic restoration, Root canal treatment.

At the final stage of the channel using the cream with hot gutta-percha - a plastic material that provides tightness without undue pressure on the walls of the root MICROPROSTHETICS - inlays, onlays, crowns and veneers in only one appointment!

Dental Robot with the most precise computer technology!!!!

PEDIATRIC DENTISTRY - including all modern technologies of therapy, surgery orthodonty; Teeth Whitening - Clinical whitening, Laser whitening TREATMENT OF GUMS (periodontics)- full span of paradontology PROSTHETICS TOOTH - Prosthetics zirconia, Prosthetics on noble alloys, Prosthetics on Metal Ceramics, Prosthetics on ceramics, partial denture SURGERY AND DENTAL IMPLANTS Implantation Exodontia

SURGICAL TREATMENT Surgical preparation for dental implants

50% Discount For Consulting and Professional Oral Hygiene

ORTHODONTICS Installation of aesthetic bracket systems Installation of metal braces Installing lingual braces Installing lingual braces Incognito Installing lingual braces WIN Installation of orthodontic appliances Orthodontic appliances Service PROFESSIONAL ORAL HYGIENE Professional hygiene for adults Professional hygiene for children

Clinic MEDI 23 Vazha-Pshavela str. Batumi Tel: (422) 27 77 88

ABSOLUTE SAFETY OF PATIENT = ONLINE ANTI-VIRUS, ANTI-SPID PROGRAM Clinic MEDI 23 Vazha-Pshavela str. Batumi Tel: (422) 27 77 88

August 3, 2015 #4

EVENT

ajara business week

DIPLOMATIC MISSIONS IN BATUMI: • Azerbaijan - 14 Dumbadze street; t.: 0 422 27 67 00 • Estonia - 60 Gorgasali street; t.: 0 422 27 09 10 • Turkey - 9 Ninoshvili street; t.: 0 422 25 58 00 • Iran - 83 Parnavaz Mepe street; t.: 0 422 22 86 01, 0 422 22 86 02 • Armenia - 32 Gogebashvili street; t.: 0 422 21 63 02

“Palma Laguna” - New Water Entertainment Complex in Batumi A water entertainment complex “Palma Laguna” opened in the multi-hotel and business center “Grand Hotel Batumi Black Sea.”

A business class apartment-hotel with 51 residences is located on an 11,500 square meters area.

The area has 8,500 square meters area allocated for an outdoors swimming pool, in which sea water is supplied. The pool includes a pavilion, a closed gallery, a registry, resting and tanning areas, around the pond and the pavilion open terraces; open bar and swimming pool terrace bar, power supply, and palm trees recreational eucalyptus green zone.

The whole project is a high-end hotel, 2 residential complexes, combining an entertainment center and a casino. At this stage, 60 million GEL has been spent on the project. After its opening, up to 100 million GEL will be spent on the new hotel. The project will employ 500 people. Guests will be welcomed starting 2016.

AJARA TOURIST INFORMATION CENTRES: • Batumi boulevard information centre - 2, Ninoshvili str.; m.: 577 90 90 91; t.: 0 422 29 44 12; w.h.: 09:00-22:00 (Everyday) • Batumi cable-way information centre Gogebashvili street; m.: 577 90 90 93; t.: 0 422 29 44 10; w.h.: 24/7 • Batumi airport information centre - 220, Airport highway; t.: 0 422 29 44 14; w.h.: according to flights schedule • Sarpi information centre - Sarpi Customs; mob: 577 90 90 72; w.h.: 09:00-21:00 (Everyday) • Kobuleti information centre - 642 Aghmashenebeli street; tel: 0 422 29 44 13; w.h.: 09:00-20:00 (Everyday) • Keda information centre - Aghmashenebeli street; w.h.: 09:00-19:00 (In summer) • Shuakhevi information centre - 22 Rustaveli street; w.h.: 09:00-19:00 (In summer) • Khulo information centre 29 M. Abashidze street; w.h.: 09:00-19:00 (In summer) SIGHTSEEING AND CULTURE BATUMI CIRCUS - 13 Services: Parking, Toilet The staff speaks: Georgian, English, Russian Prices; Discounts are available CONTACT • Mob.: 599 68 02 23 PUPPET AND YOUTH STATE THEATRE - 13 Working hours: 10:00-17:00 Services: Parking, Toilet The staff speaks: Georgian, English, Russian Prices; Ticket: 2 Gel Discounts are available CONTACT • Tel.: 0 422 27 62 34 • Mob.: 599 40 45 38 • E-Mail: info@puppet-show.org • CINEMA APOLLO - 13 • Working hours: 12:00-00:00 • Services: Credit cards accepted, Free Wi-Fi, Exhibitions, Cafe, Toilet • The staff speaks: Georgian, English, Russian • Prices • Ticket: 6-10 Gel • Tel.: 0 422 22 72 27 BATUMI BOTANICAL GARDEN - 13 Working hours: 09:30-18:00 Services: Credit cards accepted, Free Wi-Fi, Exhibitions, Guide service, Cafe, Information board, Parking, Toilet The staff speaks: Georgian, English, Russian, German Prices Ticket: 8 Gel Guide service: 30 Gel Discounts are available • Tel.: 0 422 29 49 29 • Mob.: 577 10 16 07 • E-Mail: info@bbg.ge AJARA KHARITON AKHVLEDIANI STATE MUSEUM - 13 Working hours: 10:00-17:00 Services: Free Wi-Fi, Exhibitions, Guide service, Information board, Parking, Toilet The staff speaks: Georgian, Russian Prices Ticket: 2 Gel Guide service: 5 Gel Discounts are available • Tel.: 0 422 27 11 75 AJARA STATE ART MUSEUM - 13 Working hours: 10:00-18:00

11

Services: Exhibitions, Guide service, Information board The staff speaks: Georgian, English, Russian Prices Ticket: 2 Gel Guide service: Free Discounts are available • Tel.: 0 422 27 38 94 BATUMI ARCHEOLOGICAL MUSEUM Working hours: 10:00-18:00 Services: Exhibitions, Guide service, Information board The staff speaks: Georgian, Russian Prices Discounts are available • Tel.: 0 422 27 65 64 • Mob.: 599 15 41 50 THE NOBEL BROTHERS BATUMI TECHNOLOGICAL MUSEUM Working hours: 10:00-18:00 Services: Exhibitions, Guide service, Information board, Parking The staff speaks: Georgian, Russian Prices Ticket: 3 Gel Guide service: 5 Gel Discounts are available • Mob.: 599 43 03 68 DANCING FOUNTAINS Working hours: 20:00-00:00 Services: Parking • PricesTel.: 0 422 27 88 08 • E-Mail: info@boulevard.ge Ticket: Free BATUMI ILIA CHAVCHAVADZE STATE DRAMA THEATRE Working hours: CLOSED until late June / early July 2015 Services: Parking for around 15 cars. Accessible for disabled people with 10 wheelchair spaces. Toilets (but not accessible). No theatre bar or restaurant but plenty of bars and restaurants nearby.

The staff speaks: Georgian, Russian, English, Turkish • Tel.: 0 422 27 06 14 • Mob.: 555 36 63 99 • E-Mail: info@batumitheatre.ge BATUMI SUMMER THEATRE Batumi Summer Theatre is located in a central part of Batumi Boulevard and is designed for concerts and other entertainment events. An architecturallyunique wooden building is adorned with wooden ornaments and features a ceiling painted in imitation of the sky. The Summer Theatre has a long history. It was renovated in 2013 and has operated since then.

• Tel.: 0 422 29 45 24 Adress: Batumi boulevard BATUMI ART CENTER Working hours: 10:30-22:00 Services: Exhibitions, Parking, Toilet, Café, Concerts, Performances, Opera, Traditional Georgian Folk Song and Dance, Orchestra Performances The staff speaks: Georgian, English, Russian, Turkish, French Tel.: 0 422 27 62 40 • Mob.: 555 37 75 99 • E-Mail: info@muscenter.ge ZOO Working hours: 11:00-19:00 (Except for Monday) Services: Parking, Toilet The staff speaks: Georgian, English, Russian el.: 0 422 22 17 30 • E-Mail: office@parkbatumi.ge CONTEMPORARY ART SPACE Working hours: 11:00-19:00 (Except Monday) The staff speaks: Georgian, English, Russian • E-Mail: batumiartspace@gmail.com Working hours: 11:00-20:00 The staff speaks: Georgian, English, Russian Prices:Free entrance • Tel.: 0 422 27 97 00 RUSUDAN PETVIASHVILI ART CAFE-GALLERY Working hours: 11:00-24:00 The staff speaks: Georgian, English, Russian • Mob.: 599 74 52 23

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PUBLICITY ajara business week

August 3, 2015 #4