Caucasus Business Week #206

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September 4, 2017 #206

September 4, 2017, Issue 206 - www.cbw.ge

Interview Natia Bukia: Tbilisi can become regional art center

Company High Interest Shown in Community Meetings for Nenskra Hydropower Plant Project Pg. 2

Avtandil Dvalishvili: Not all goals may be achievable, but overcoming these difficulties makes you Stronger

Econoic Growth Pace Declines

Infrastructure Companies Getting Ready for New Market Regulations

Pg. 6

Starting October 1, 2017, infrastructure companies are obliged to submit audited financial reports. Under new regulations, companies will be requested to submit a yearlong audited financial report for participating in infrastructural tenders. New qualification requirements will refer to all tenders of more than 1mln GEL value announced by Ministry of Regional Development and Infrastructure or its structures. At the same time, financial reports must be audited by: one of the auditor companies authorized for conducting financial report audits of the body of public interest registered at State Registry of Auditors/Auditor Companies, or one of the auditor companies registered at State Registry of Auditors/Auditor Companies.

Moreover, starting October 1, 2017 suppliers of construction works registered in foreign countries participating in all tenders of more than 1mln GEL announced

by Ministry of Regional Development and Infrastructure and its structures will be also obliged to submit an audited financial report for the past 2 years.

GDP Growth Shrank by 3.8% in July

Pg. 7

Natakhtari Company and the Coalition for Children and the Youth Welfare presented a joint program to the government agencies

Pg. 4

A round table was organized in the Gepra’s Competency Center within the framework of the campaign for supporting the beneficiaries who left the care system. Natakhtari Company and the Coalition for Children and the Youth Welfare presented a joint program to the stakeholders. It is noteworthy that the public agencies, including the Ministry of Labor, Health and Social Affairs and the Ministry of Infrastructure and Regional Development and the Government’s Administration, took an active part in program development process.

Pg. 4

Newsroom

2 Government

Government’s Reserve Fund to Grow by 40mln GEL

It should be noted that currently Government’s Reserve Fund holds 4 429 950 GEL. The fund has spent 36.3mln GEL. Regional Projects Implementaion Fund has spent 237.27mln GEL and keeps 22.7mln GEL.

Georgia Takes €28 million Loan From EBRD To finance Enguri HPP Rehabilitation Project

The Government of Georgia approved the main financial terms of the loan proposed by the European Bank for Reconstruction and Development to conduct rehabilitation works of Enguri HPP.

economy

Georgia’s Economy Gathers Pace, Grows 4.4 pct in Jan-July

Georgia’s economy expanded 4.4 percent year on year in the first seven months of 2017, data showed on Wednesday, up from 2.7 percent in the same period of 2016 as exports and remittances from abroad rose.

Trade Turnover Between Azerbaijan, Georgia Hits $425M

The trade turnover between Azerbaijan and Georgia amounted to $425.91 million in January-July 2017, which is 34.2 percent more compared to the same period of 2016.

banking

Banking Sector’s Deposits Portfolio Grows in July

According to National Bank’s statistics, as of August 1 (01.08.2017), retail and corporate deposits constituted 16.9bln USD. 72% of deposits are placed at 2 commercial banks (H1/2017 -71.5%: +0.7% m.m).

Assets of Commercial Banks Totaled 30.5bln GEL as of August First

According to the National Bank’s statistics, total assets (in current prices) rose by 0.3bln GEL in July (+0.8 month on month).

Own funds of commercial banks amounted to 4.1bln GEL (13.4% of assets).

business

Price of Georgian Poultry Meat Increased by 10 tetri

A 5-tetri tax on a chicken wing is 6-7% of the cost, which increases the price of one kilogram of chicken by 10 tetri. However, the new rule will be negatively impacted on companies in financial terms.

Grape Processing Enterprises to Open in Kakheti

Three grape processing plants are being constructed within the state program of viticulture farming cooperatives in Kakheti region. The Ministry of Agriculture disseminates information.

company

Rose Office is Interested in a Georgian Crab Apple

German Company ”Rose Office” got interested in a bot crab apple. According to EUGeorgia. information, at this stage the demand is for 2 tons of bot crab apple. It may appear in the German market already this year.

September 4, 2017 #206

Georgia Prime Minister meets with Turkmenistan President

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eorgian Prime Minister Giorgi Kvirikashvili has started his official visit to Turkmenistan with a face-toface meeting with Turkmenistan’s President Gurbanguly Berdimuhamedow.

The pair discussed the development of trade and economic relations, regional transport projects, and bilateral relations in different areas.

“We take immense interest in stepping up regional transport projects which, I believe, serves the interests of both sides. This is why we are here to discuss these projects”, Kvirikashvili said.

He added that Georgia appreciates Turkmenistan’s support of Georgia’s territorial integrity and sovereignty.

“Reciprocally, we, of course,

support Turkmenistan’s stance in international platforms”, he said.

As for trade and economy, Kvirikashvili said that there is an “enormous untapped potential” between Georgia and Turkmenistan, and Georgia’s goal is to make full use of this potential in order to develop transit projects.

“It is vital for the success of the Silk Road to ensure Turkmenistan’s active involvement, which is why I believe that our relations must be developed further. We will succeed in advancing our bilateral economic relations to a much higher qualitative level”, he said.

Berdimuhamedow emphasised the importance of Kvirikashvili’s visit and the years-long friendly relations between the two nations.

“We are grateful to you for supporting Turkmenistan’s international initiatives as a neutral country, its open doors policy in such areas as energy security, transit corridor development, and others”, he told Kvirikashvili.

“There is potential for developing trade and economic cooperation and transit corridor development, which must be used for the benefit of our nations”, he added.

He said that Turkmenistan appreciates the work of the Intergovernmental Commission for Economic Cooperation, and is thankful for the meeting that is about to take place later today to discuss a variety of cooperation issues.

While in Turkmenistan, Kvirikashvili also met with Chair of the Mejlis Assembly Akja Nuberdiyeva.

High Interest Shown in Community Meetings for Nenskra Hydropower Plant Project

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ocal community members expressed high interest in information provided by JSC Nenskra Hydro, the company developing the Nenskra Hydropower Plant project, during public hearings this week in Chuberi and Nakra of Mestia Municipality, Svaneti Region.

Experts from each of the project’s technical teams were available to consult with community members from 9 a.m. to 7 p.m. August 22 and 23 in Chuberi and on August 24 in Nakra. The meetings were well attended by all the communities potentially impacted by the Nenskra Hydropower Plant project.

Community members asked project specialists about local employment, dam safety, land acquisition and livelihood restoration, community investment program and environmental management.

JSC Nenskra Hydro representatives welcomed this level of engagement and subject matter experts were available

BUSINESS WEEK caucasus

The Editorial Board Follows Press Freedom Principles Publisher: LLC Caucasian Business Week - CBW Address: Aleksidze Street 1 Director: Levan Beglarishvili Sales: Mob: +995 558 36 61 07 WWW.CBW.GE Email: caucasianbusiness@gmail.com

to provide comprehensive responses to community concerns and expressed commitment to continue engaging communities on regular basis.

Georgia has yet to obtain energy independence, as the country experiences a deficit in electricity supplies in autumn and winter due to less water available from rivers and increased internal energy consumption.

The average annual energy import during the winter time reaches 610.00 GWh from Russia, Azerbaijan and Armenia.

Once commissioned, Nenskra

Hydropower Plant will generate approximately 1’200.00 GWh annually, allowing Georgia to substantially reduce its reliance on imported energy and improve the economy of the country.

The supplementary studies of the Environmental and Social Impact Assessment Report were first disclosed in March 2017. The entire package of documents as well as summaries are available in Georgian and English languages in JSC Nenskra Hydro office in Tbilisi, on the project’s website and in the project information centers in Chuberi and Nakra.

Editor: Nutsa Galumashvili. Mobile phone: 595 380382 Reporters: Nina Gomarteli; Mariam Kopaliani; Merab Janiashvili Technical Assistant: Giorgi Kheladze;

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

September 4, 2017 #206

publicity

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econo-mix

September 4, 2017 #206

Economic Growth Pace Declines

Merab Janiashvili Economic Analyst

It should be noted that in JanuaryJuly 2017 the number of tourists with international classification (visitors who have stayed for more than 24 hours in the country) made up 1 829 331 persons, that is 46% of all visitors.

As to July 2017, total of 519 349 (52.8%) persons turned out tourists out of 982 487 visitors.

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ccording to preliminary estimations, in July 2017, as compared to the same period of 2016, real GDP growth pace made up 3.8%, while in January-July 2017 the averaged real growth constituted 4.4%.

It should be noted that this year the Government expects economic growth to mark 4%.

«Starting January 2012 Geostat has been conducting preliminary economic growth estimations on monthly basis, based on departmental statistics (turnover of VAT payer enterprises, fiscal and monetary indicators). The mentioned estimations represent an internationally recognized practice for estimating short-term preliminary operative statistics.

In the fields, where monthly indicators are not prepared (for example, agriculture sector, unobserved economic volume), estimations are based on indicators of the previous period.

Consequently, real quarter estimations may differ from early estimations. Moreover, turnover of VAT payer companies of previous months may be revised. As a result, indicators of monthly early estimations of real growth are also corrected», the Geostat information reads (see the chart).

The January-July period has registered an upturn in almost all components of economic growth indicator. In the reporting period, exports constituted 1 446.7mln USD, up 28% year on year. According to Geostat indicators, imports marked 4 228.6mln USD, up 8.5% of the same period of 2016. In the reporting period, external trade constituted 5 675.2mln USD, up 13% year on year.

The month of July also registered a growth in number of registered companies. A total of 3 890 ones new companies were registered in the period, up 7.1% year on year. When preparing preliminary estimation of economic growth, turnover of VAT payer companies made up

‘‘

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round table was organized in the Gepra’s Competency Center within the framework of the campaign for supporting the beneficiaries who left the care system. Natakhtari Company and the Coalition for Children and the Youth Welfare presented a joint program to the stakeholders. It is noteworthy that the public agencies, including the Ministry of Labor, Health and Social Affairs and the Ministry of Infrastructure and Regional Development and the Government’s Administration, took an active part in program development process.

The program consists of several important chapters, which represent a certain guide for municipalities to assist beneficiaries on their territories.

Results of joint work and recommendation packages were also addressed at the meeting so that local self-governments can support and empower the youth after leaving the state care system.

“We reviewed one of the parts of the program developed within the framework of the advocating campaign, which provides for support of the youth leaving the state care system.

This is the document - the guide, by which we will allow the local municipalities, local governments to mobilize available resources to assist the youth who reached the age of 18 and therefore have to leave the system” – explained Nikoloz Khundzakishvili, the Corporate Director of Natakhtari. „In cooperation with Natakhtari Company we developed a program for municipalities within the framework of advocating campaign, which is the guide how to assist the youth who left the state care system. It includes several components, e.g. providing accommodation, making utilities payments and assisting them with transport costs, especially those who are students and have to incur elementary transport costs and other needs, these costs can be financed by local municipalities,” – noted Ketevan Kalandadze, representative of the Coalition for Children and the Youth Welfare. „In general, it is a very good program, however it requires elaboration. We will continue our cooperation with the Coalition to better identify the problems an make the program flexible, tailored to beneficiary needs, so that a real assistance is provided to those young people who really need it,” – said Nino Odisharia, Representative of the Ministry of Labor , Health and Social Affairs.

In the end the parties addressed importance of public and private sectors’ involvement.

The Company Natakhtari is ready to support expansion of the program in the regions as well within its social responsibility framework.

Government agencies welcome this initiative and are ready to provide recommendations to local self-governments on program implementation.

Members of the Coalition Board, representatives of Natakhtari Fund, Association- Our Home Georgia, Company Natakhtari and the Ministries of the Labor, Health and Social Affairs and Infrastructure also took part in the round table.

In the beginning of July the Memorandum of Cooperation was signed between Natakhtari Company and the Coalition for Children and the Youth welfare aimed at assisting the youth who left the state care system. Advocating campaign provided for cooperation with respective central and local government bodies and implementation of developed recommendations. Several meetings of stakeholders were organized within the campaign framework.

GDP Growth Shrank by 3.8% in July

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Natakhtari Company and the Coalition for Children and the Youth Welfare presented a joint program to the government agencies

5.508bln GEL, up 13.8% year on year.

It is paradox that from April through July the banking sector’s total output has been growing, while economic growth pace is declining starting May. It should be noted that according to IMF forecasts, Georgia’s economy will grow by 3.5% in 2017. However, at the end of 2016, IMF forecast for 2017 constituted 5.2%, but the forecast was lowered to 3.5% at the beginning of 2017. According to the IMF forecast, per capita income in 2017 will rise to 10 645 USD. According to the IMF indicators, in 2016 with 2.7% economic growth pace Georgia was 98th worldwide in 2016, while the country ranks 75th according to the 2017 forecast (3.5%).

If Georgia aims to become a developed country, it is necessary that our growth pace exceed the one of developed countries twice and more to come up with them. However, economic growth pace over the past 2 years grows the interval between our country and the developed world more and more and we are losing event the existing status-quo. The beginning of this year recorded promising tendencies, because in the mentioned period the economic growth exceeded planned 4%, however, over the past months GDP growth pace declined.

Today Georgia loses to European countries 7-8 times in terms of GDP indicators per capita. EU economy grows by 2% on annual basis on average and our economy needs annual 7-8% upturn to come up with EU countries. Even 5% upturn will make Georgian economy twice smaller compared to EU averaged economy by 2050.

And we need at least 7% growth to come up with EU in 50 years. Averaged annual 7% growth will allow the country to equal to European living level in 40 years, while 10% growth will shrink the period to 25 years.

“In the working regime we will discuss such important and perspective issues of economic cooperation, as commerce, transport and logistics. There are also several very important issues, including penetration of Georgian consumers onto Turkmen market. As part of this visit, the parties will also sign intergovernmental agreement on land transport issues, because demand for through traffic grows between two countries”.

Giorgi Gakharia

The economy minister

September 4, 2017 #206

publicity

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ninna gomarteli

- Was it difficult to reach overseas and find contacts there?

- One of the major ways to reach out of borders is to participate in international art fairs, the difficulty is - the gallery to join a propriate fair with its program and participant artists to be presented next to successful artists.

It’s not easy for an amateur gallery to participate in leading art fairs, especially without having contacts. In the beginning, we were less pretentious in choosing fairs, in order to gain reputation. We became more ambitious after Volta Art Basel and Art Dubai achievements.

Finding contacts is as important in art field, like in any other.

Although,I’d say “It’s a small world” based on three years experience.

- Is local press abroad interested in Project Art Beats projects when participating in Fairs?

- Even though, not every single art fair has been commercially successful, it has always been efficient in terms of press.

Contemporary Istanbul 2014 was our first art fair while famous publishment like artnet.com wrote about our gallery and artists. Art Radar, Neue Zuricher Zeitung, La Repubblica, artsy.net, ARTnews, BLOUINARTINFO, The Art Newspaper,etc.

Has also published about us.

interview

September 4, 2017 #206

Online Platform - Project ArtBeat (projectartbeat.com) presents local artists to international auditory since three years. Its mission is to make Georgia a regional center of art. CBW had an interview with cofounder - Natia Bukia.

- Which country has shown a most interest?

- Art Dubai 2016 was most successful commercially, which is very important, as it is high level art fair, which means Georgian artists are competitive. We presented Levan Mindiashvili and Konstantine Mindadze works at Art Dubai.

Contemporary Istanbul is also very lucrative for us, we will participate there in September for the fourth time.

- Tell us about moving gallery ‘’Container’’, do you plan to take it to the regions?

- With the support of Children and Youth Fund, we managed to implement 5 large exhibition project, which we had planned since few years. It means holding exhibition in our moving gallery, in 4 various cities. After exhibition in Batumi, there will be an opening in Tskaltubo on September 29, then Telavi and Gardabani. We opened an exhebition of Levan Mindiashvili in the framework of this project, in Svaneti Museum, Mestia, which is the first contemporary art exhibition there.

- Do you plan to increase the team?

- We don’t plan to add new members at this stage, as we, founders are involved actively.

- Tell us your opinion on activ-

ity in terms of art in Georgia; Does it have a potential to become regional center of art?

- It’s quite possible if we observe the development process of the country, more specifically Tbilisi and make conclusions based on that.

Tbilisi is distinguished from the capitals of neighbor countries, and the fact how it develops, makes it even more attractive for young artists.

We have a lot of talented artists.

Despite the fact, that way much more resources are provided in Azerbaijan for contemporary art development and it has an impressive CA center (which we don’t have in Georgia), I think, political structure, society mentality and maybe even religion can be a obstruct to become a regional center. Consequently, we can achieve that goal with joint effort of people who works or is interested in this field. In any case, that’s how we see a mission of our gallery.

- What are the planned projects for the future, which one is the most large scale?

- Our artists will participate in Beijing Bienalle, in China, which has a great importance for participants.

We also rented a space, meaning we will have a permanent location, besides moving gallery. We are looking forward to its opening.

Natia Bukia: Tbilisi can become regional art center It’s quite possible if we observe the development process of the country, more specifically Tbilisi and make conclusions based on that.

Tbilisi is distinguished from the capitals of neighbor countries, and the fact how it develops, makes it even more attractive for young artists. We have a lot of talented artists.

September 4, 2017 #206

Regulations

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Infrastructure Companies Getting Ready for New Market Regulations Starting October 1, 2017, infrastructure companies are obliged to submit audited financial reports. Under new regulations, companies will be requested to submit a yearlong audited financial report for participating in infrastructural tenders. New qualification requirements will refer to all tenders of more than 1mln GEL value announced by Ministry of Regional Development and Infrastructure or its structures. At the same time, financial reports must be audited by: one of the auditor companies authorized for conducting financial report audits of the body of public interest registered at State Registry of Auditors/ Auditor Companies, or one of the auditor companies registered at State Registry of Auditors/Auditor Companies. Moreover, starting October 1, 2017 suppliers of construction works registered in foreign countries participating in all tenders of more than 1mln GEL announced by Ministry of Regional Development and Infrastructure and its structures will be also obliged to submit an audited financial report for the past 2 years.

At the same time, financial reports must be audited by: a company, member of international auditing association, which has a member, representation or branch in Georgia and the latter must be registered at Registry of Auditor Companies authorized for conducting financial report audits of the body of public interest or that meets requirements of quality control monitoring».

The Caucasus Business Week (CBW) has inquired how the private sector is meeting new regulations and what are their expectations.

Paata Trapaidze, head of Caucasus Road Project company, which implements major infrastructural projects, says that this is a positive decision and right move to outline financial condition of this or that company and heal the market. To survive, today companies frequently accept orders that they fail to fulfill. Therefore, a lot of projects are protracted and suspended. Trapaidze noted that projects are mainly fulfilled by companies with strong financial positions.

As to outcomes of these changes, Trapaidze explained that this decision will generate certain shifts and changes on the market. Small companies always serve bigger companies in the form of contractors, while big companies always accept big orders. The new regulations will dictate many companies to merge and this process will bring positive outcomes, he said.

“There is nothing bad in amalgamation. Planned regulations will lead many companies to merger and this process will bring positive results. Major problems come from management in the country. We do not need so many managers. Therefore, it is better that one top manager lead many companies than small companies do stupidities”, Trapaidze said.

“There is nothing bad in amalgamation. Planned regulations will lead many companies to merger and this process will bring positive results. Major problems come from management in the country”.

“Government took the decision seemingly because of dishonest companies. When a company fails a project, it suffers, dumps prices, but fails to cope with the task, thwarts other businesses too”.

The current government has acknowledged the existing problems in the field and outlined improvement ways. International experience suggests that almost all developed countries follow the same approaches all over the world, he added.

Gia Tsikarishvili, head of LLC LagodekhAutoGas, explains that today in most cases companies with unstable financial conditions participate in state tenders and similar companies arrange the so-called financial pyramids and similar tendencies frustarte business process.

Gia Tsikarishvili noted that starting October 1 the new regulations will bring no negative outcomes. The situation on the market will be brought in order and honest and financially stable companies will have more affairs, he added.

“Government took the decision seemingly because of dishonest companies. When a company fails a project, it suffers, dumps prices, but fails to cope with the task, thwarts other businesses too”, Tsikarishvili noted.

“Obligations on companies for participation in major tenders will heal the market”, Ana Sabakhtarashvili, executive director of Association of Infrastructure Builders, appraised the new regulations in this way.

She explained that over the past period many infrastructural projects could not be finished because of financially unstable companies.

Planned regulations are important for both customers and healthy competitive environment, she added.

The Association fully shares the concept of new regulations and expects them to bring positive effect onto the market, Sabakhtarashvili noted.

As to probability that small companies may disappear from the market or merge, Sabakhtarashvili explained that the mentioned auditing obligations may bring positive results to both small and major companies.

“Small companies can pass the audit in absolutely positive way and receive good results. Therefore, scales of companies do not matter. Major companies may also face problems”, Sabakhtarashvili noted.

As reported, in March 2017 Prime Minister Giorgi Kvirikashvili warned state tender participant companies that there are cases, when companies are implementing tenders and delay salary payments to the staff. Therefore, the Prime Minister urged law enforcers to show sever reaction to similar violations.

“Over the past period we registered several negative cases, especially in municipal tenders, when companies carry out tenders by budget funds and delay salary payments to employees. This is an absolutely unacceptable practice and Mr. Zurab, I ask you (Zurab Alavidze, Minister of Regional Development and Infrastructure) to set strict control on this issue in all regions”, Georgian Prime Minister noted.

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PR Person

September 4, 2017 #206

Not all goals may be achievable, but overcoming these difficulties makes you Stronger

Interview with Avtandil Dvalishvili, head of Energo-Pro Georgia PR Office

-Which media outlets do you follow?

-I follow almost all Georgian channels that broadcast news programs. I also read all information on websites of news agencies every day, as well as interesting articles of leading newspapers. I always try to have all important news related to energy sector, economy and general developments in the country.

-Talk about the difference between PR and advertising.

-Advertising campaign directly offers products and services to consumers and covers shortterm period, while PR follows long-term purposes. Consumers show less confidence to advertisements. PR cares for reputation and so on. There are many differences between these two directions.

-What media placements are you most proud of?

-Based on the company peculiarities, I have to communicate with various channels, news agencies and newspapers. I

“ I first analyze

how and in which form to deliver information to media agencies.

I always try to provide true and real information to journalists.

It is easier to manage crisis situations, when journalists trust you…

have friends almost everywhere. Earlier I used to work as a journalist too. Therefore, I have a wide circle of acquaintances in this field. Therefore, I have no problems with covering this or that issue. I always try to deliver information to media agencies in a right and correct way.

-How would you present the results of your work?

-I always try to attain the highest possible result.

-What would you do if a client or manager disagreed with your PR strategy?

-In this case I try to find a consensus. I believe consensus is attainable in most cases, but, not at the expense of concession of key ideas and strategy.

-How would you define thought leadership?

-Reputable person or organization.

-How have you worked with a team to handle a PR crisis?

-I first analyze how and in which form to deliver information to media agencies. I always

try to provide true and real information to journalists. It is easier to manage crisis situations, when journalists trust you…

-Describe the period when you acted as a mentor or trainer for colleagues. What personal features are required in this case?

-There was a period, when I used to read lectures on PR to graduating students. Then I selected the best ones and employed them at our company. A part of them continues working for the company even today.

-What’s interesting about our current PR work? What would you improve?

-Communicating with a lot of people is very interesting for me, as well as a reception of new experience in everyday life. It is very interesting to feel that the company reputation depends on you. Based on the field of the company operation, not all goals may be achievable, but overcoming these difficulties is very interesting.

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September 4, 2017 #206

Grand Sale From Mardi Holding To Celebrate Batumoba

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f you have visited Batumi you could notice that one of the favorite residence places in Batumi for local families is area close to the 6th May park. Here you can find nice recreational area with a lake and century year old trees. Breeze coming from the sea and mountains converge here, which is why the Batumians love to live around this park for walking, jogging and relaxing place for their families. So, it’s organic, that the demand for flats in this area is always high.

For the families seeking real estate at calm and recreational environment, Mardi Holding started construction of several facilities near the 6th May Park on Parnavaz Mepe Street. The facilities are located in the central part of the city,

which makes it easy to access to the children’s educational and entertainment centers, cafes and restaurants as well as famous sweets shops. These projects are at different stages of implementation, allowing the customers to buy apartment in the desired condition and installment term.

To celebrate the BATUMOBA Mardi Holding has decided to offer unprecedented discount to customers.

From September 1 for ten days, in MONT BLANC, the house built on 108, King Parnavaz, Batumi 1 sq. meter will cost 1330 GEL instead of 1,524 GEL. Whilst in GRAND HOUSE BATUMI, in the building on 120, King of Parnavaz, Batumi 1 sq. m will cost 1120 GEL instead of 1,403 GEL.

It should be noted that the projects are implemented with the complete financial support from the BANK OF GEORGIA, which is additional guarantee for the real estate seekers that the projects will be completed as planned.

Mardi Holding - creating comfort and building the future!

Contact us: 574 202020 www.mardihouse.ge

“MARDI MONT BLANC” «Mardi Mont blanc» is 15storey residential building located in Batumi, on 108, King Parnavaz; Apartments are available from - 31 sq.m.

The building is equipped with underground parking and two lifts. The completion of the construction is planned at the end of 2017.

“Grand House Batumi” “Grand House Batumi” is located on 120, King Parnavaz, Batumi. The project will be completed by the end of 2018. This is a 14-storey building with two lifts and an underground parking space for 22 cars. The apartment starts from 35 sq.m.

business

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The Georgian Mobile Game UPO is a Finalist at International Competition

Georgian Students Introduce New Startup Application for Travelling Xplore application A new students’ startup, was launched today, on August 31.

Purpose of the application is to unite adventure-seekers in nature and familiarize them with environment.

The application is not designed for only travellers and anybody is able to apply Xplore and plan or seek routes to any desirable direction. The application is applicable for Android smartphones and currently applies only three languages: Georgian, English and Russian.

Beka Kakabadze, one of the founders of Xplore, talks about the application employment details and its additional functions: “Our team unites 6 members: Nika Otiashvili and Guga Katsiashvili – programmers, Achiko Tsereteli and Sandro Mosashvili work on information databases, Tio Gabunia is a graphic artist and I, Beka Kakabadze, am a marketer.

Pizza by Bitcoin – CryptoCurrency Payment Method in Georgia Company “Prego” adds bitcoin as a payment method. Prego will be the first company in whole region that makes it possible to pay by cryptocurrency, when launched, says Nodar Baghashvili, the Head of Company. It will be possible to pay by bitcoin from September. ”Pizza contributed a lot in developing bitcoin, as it was a first product sold to bitcoin.

This very fast day is still being celebrated among bitcoin society. As for, why we decided to introduce bitcoin… why not?

We operate on the market since long time, we are even adults and planning to keep operating long. We understand that bitcoin does not penetrate on Georgian market so far, but bitcoin is being improved itself.

E-money will be a partner of Prego.

365 Days of Copy Challenge – 1 Poster A day Solomon’s Copy Shop is a facebook page of a copywriter, Solomon Tsitsuashvili, which was created in the framework of 365 days of copy challenge project.

The challenge was meant to create posters every day, during one year, of Georgian and international brands, as well as current topics. Every poster is in English, as project aims not just local, but global auditorium. The Author did not miss even a day without a print. Marketer had an interview with Solomon on 357-th day.

What was the motivation of 365 days of copy challenge?

Such challenges is a common form in creative industry to develop your skills. I also wanted to try myself. I was interested in advertising and copywriting since long time ago, and this was the best way to know what my skills are. I was not sure that I would follow this challenge till the end, as it was my first time to create prints; I still tried and realized that I had to bring it to the end, I felt responsibility.

September 4, 2017 #206

The mobile game UPO by Georgian company Bonsters is a finalist at international competition- Appodeal.

A winner will be relieved on August 27.

The winner game will receive advertising campaign service, meaning 10 000 new installs.

Bonster is also involved in charity project- Happy Housing, which helps homeless people.

Irakli Geleishvili (Co-Founder of Bonster): Me, David Jimsheeishvili (Co-Founder) and Nanuka Sepashvili (Game designer) founded company in 2014. We create games for iOS, Android and Facebook platforms. Our aim since the beginning is to create unique games and offer something new. As for, our working style, we try not to sit at the office; we go to countryside with tents and laptops, so that our office is by the sea, in the mountains or at our country house.

Georgian Startup-Holo Creates Hologram Advertisement ”Holo” is an advertising company, that transforms PR material into hologram image. According to one of the founder, Nika Berekashvili, he and his friend Sandro Javakhishvili came up with the idea at Hackathon, when searching for a creative way to decorate local bar interior: After 48 hours of hackathon we decided to use the hologram to apply, but with a total nonprofit -it was for art and simply for beauty.

We won with this idea at hackathon too. We were searching for an idea that would be interesting for Georgia, considering using it in architecture and education system. Finally, we decided to go to advertising business. What is Holo; who can use the service?

This is an innovative advertising company, that transforms any PR material into hologram image, which can be placed at various public places or events.

As this technology is new even on global market, we work on devices program part that increases their functionality.

Our target auditory is mostly event companies, average and large businesses. At this stage, we have negotiations with shopping malls, fast food objects, exhibition halls and representatives of state institutions.

What exactly do you offer to your customers?

We offer three types of service: Advertising time at shopping-centers, where there is a high traffic of people; event service- one or more days decoration of events, by using holo and graphic service- creating video and animation and preparing it to place.

Companies spend a lot of money for the advisement like banners, Lad screens and monitors in the streets.

I think, it’s not as impressive as the prices to place your ad there.

Tamar Razmadze - the Luckiest Winner of Natakhtari Lemonade’s Magic Drawing Magic drawing of Natakhtari Lemonade took start on May 20. One of the lucky winners is already identified – Tamar Razmadze won a trip to Disneyland for four people.

Tamar Razmadze lives in Tbilisi. She is married and has three children. Tamar never dreamed of winning and thought it was impossible, however really magic drawing of Natakhtari Lemonade changed her attitude dramatically: „I never believed that it was possible to win something, it was a surprise and still I feel myself like in a dream. I immediately told my husband and he made me even happier when he told me that the trip was for four persons not for two. Our kids can also enjoy the trip. Natakhtari Company awarded us with tickets for the third

child also, so the whole family will go to Disneyland.”

Tamar’s family often buys Natakhtari Lemonade and is a loyal customer. She has never been to Disneyland before, it was like a childhood dream for her as she said: „I like Natakhtari Lemonade very much, I often buy it especially when we walk with children. I have never been to Disneyland before and was dreaming of it. I was promising my children to take them but to travel with a whole family could have been unaffordable for a while. Therefore, this was a real surprise for us, I could not believe it … and really dreams may come true one day.”

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September 25, 26 Emilia Romagna Teatro Fondazione, Italy About Performance:

International Program Luigi Pirandello

The Tortoise Directed by Levan Tsuladze Produced by Emilia Romagna Teatro Fondazione in collaboration with Kote Marjanishvili State Drama Theatre

Venue: Kote Marjanishvili State Drama Theatre | Big Stage Duration: 75 minutes, without intermission Tickets: Parterre – 35 GEL; Balcony – 20, 10 GEL; Beginning: 20:00

The author Levan Tsuladze chose is Luigi Pirandello, though not his dramatic work but fiction. The main character Mr. Mishkov (Giovanni Franzoni) receives a tortoise as a present, which should bring him luck. Once the tortoise appears in the house everything goes upside down: stable bourgeois life is shaken, Mishkov’s relationship with his wife becomes extremely tense.

The wife brings forth the ultimatum: “if the tortoise won’t leave the house in three days, I will!” The decision is not so easy or comic as it might seem, he has to decide whether to terminate his lovless marriage or not. The director depicts human feelings with humor and bitter irony, brings to the surface the sad and turbulent life of the couple.

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New Silk Road: Japan To Counteract China In Kazakhstan With New Asia-Europe Rail Deal

Azerbaijan issues nearly $632M for construction of BTK’s Georgian section Azerbaijan’s state oil fund allocated $631.79 million as of July 1, 2017 for financing construction of the Baku-Tbilisi-Kars railway (BTK) project.

Under the agreement signed between Azerbaijan and Georgia, the funds were transferred through the International Bank of Azerbaijan to the Marabda-Kartsakhi Railway, which was created for the design, construction, rehabilitation, reconstruction and operation of the Marabda-Turkey railway section and related infrastructure facilities, Trend reported. In the first half of the year, SOFAZ allocated $1.56 million for the implementation of the project.

Azerbaijan has allocated $775 million loan for the construction of the Georgian section of the BTK. The project is financed by SOFAZ in accordance with the decree of the President of Azerbaijan “On Implementing the Activities of the Baku-Tbilisi-Kars Project” dated February 21, 2007.

The BTK railway is a corridor that will connect Azerbaijan, Georgian and Turkish railways. It is being constructed on the basis of the Azerbaijan-Georgia-Turkey intergovernmental agreement. The main purpose of the project is to improve economic relations between the three countries and gaining foreign direct investment by connecting Europe and Asia.

Armenia to Kickoff Construction of Free Economic Zone in Meghri in November – Minister Armenia plans to kickoff the construction of a free economic zone in the southern town of Meghri on the border with Iran in November, economic development and investment minister Suren Karayan told journalists on Thursday.

Earlier this month Suren Karayan and Iranian president’s advisor and secretary of free trade zones coordination council Akbar Torkan signed a memorandum of understanding (MoU) to broaden cooperation between Iran’s Aras and Armenia’s Meghri free trade zones.

The agreement is meant to step up potentials of cooperation between the two countries’ free trade zones.

The establishment of the free economic zone in the southern Armenian Meghri, near the border with Iran is estimated to cost $32 million, of which $28 million are capital expenditure. The free economic zone is said to create 2,500 new jobs and increase Armenian exports by 30%.

According to the government, the main purpose of the free economic zone is to help boost trade and economic relations with Iran and other countries of the region, help the development of the southern Armenian province of Syunik, as well as position Armenia as a link between Iran and members of the Eurasian Economic Union (EEU) and Georgia.

Japan continues standing in the ring with China, exchanging blow for blow as the Asian rivals both compete and cooperate with each other in the creation of the trans-Eurasian mega-project that has been dubbed the New Silk Road. Just months after the announcement of a deal that would see China’s COSCO shipping and Lianyungang Port take a 49% cut of Kazakhstan’s epic Khorgos Gateway dry port on the Kazakh/China border, Japan’s Nippon Express logistics firm has signed an MoU with Kazakh Railways (KTZ) to increase the overland flow of container traffic between the Japan / South Korea region and Central Asia, the Caucasus, and Europe.

Nippon Express provides the cargo and KTZ handles the transshipment and processing of the containers through Kazakhstan.

The parties also reportedly discussed the need to bring more investment into the Khorgos - Eastern Gate special economic

zone, of which the Khorgos Gateway is just one part of. Despite the best efforts of DP World, the Dubai-based shipping giant who advises on operations in the SEZ, the colossal development area is still little more than a 5,000+ hectare empty field outside of the dry port.

This move by Nippon Express and KTZ can be viewed as a continuation of China and Japan’s efforts to vie for influence and investment throughout Eurasia and Africa. In unison with the US, Japan has declined to join the China-initiated Asian Infrastructure Investment Bank (AIIB), despite the fact that many of its allies have jumped in and the need for the bank is very real. In Indonesia, Japan’s plan to construct a high-speed rail line from Jakarta to Bandung was usurped by China.

In Bangladesh, Japan was given a contract to build a deep sea port on Matarbari island at the expense of a Chinese proposal to build a similar one nearby.

Russia Expands Grip on Wheat Exports as Asia Set to Buy More

$100 billion trade with Turkey attainable, says Russian envoy Turkey and Russia’s desire to expand bilateral trade to $100 billion is demanding but an attainable goal that can be realized with the help of mutual investments globally, Russia’s new ambassador to Turkey has said.

Speaking in Ankara on Aug. 28after attending the 86th Izmir International Fair, where Russia attended as a partner country, Alexei Yerkhov hailed Turkey as a “crucial” trade partner for Moscow in a wide range of areas including the construction sector.

“There are very serious and important investment activities for Ankara and Moscow in our states that are not limited to only the construction sector,” YErkhov said.

“Russia’s biggest companies have been investing in the Turkish economy for a long time while Turkish companies are operating very successfully in the Russian market.”

Yerkhov said that bilateral trade between Turkey and Russia started with shuttle trade in the 1990’s, but now the sphere of cooperation has expanded to the extent now that huge infrastructure projects are being implemented, including the Turkish Stream natural gas project and Turkey’s first nuclear plant - the Akkuyu Nuclear Power Plant.

The trade volume reached a record high in 2010 with $34 billion, a time when political parties first voiced the target of $100 billion, according to the Russian ambassador.

“However it is important to note that our trade volume recently decreased extensively for known reasons as well as due to market conditions. It dropped around 50 percent compared to levels seen seven or eight years ago.

“Despite this, the target to increase the mutual trade volume up to $100 billion is a demanding but attainable goal,” he said.

Yerkhov underlined that both the business world and regional governors are working hard to reach this goal, adding that an important example to this effort is evident in the Alabuga Free Trade Zone in the Republic of Tatarstan in which Turkish firms actively operate.

In reaching the trade volume target, the cooperation and synergy between Turkey and Russia is key, Yerkhov said, adding that the recent agreement between Iranian private company Ghadir Exploration and Production Company, the Russian state company JSC Zarubezhneft and Turkish Unit International to develop oil and natural gas fields in Iran is a good example of this kind of cooperation.

Russia, the world’s biggest wheat exporter, is about to grab even more customers in the fast-growing economies of Asia -- a region that normally gets most of its imported grain from somewhere else.

A farm industry that emerged from the former Soviet Union to become a wheat-trade powerhouse is poised to expand its market share in countries like China, Indonesia and Japan. That’s because droughts are eroding production in Australia, the U.S. and Canada.

Those are the dominant suppliers of wheat to Asia, which accounts for about a third of global imports. While shipments of wheat from Russia already were expected to exceed those of any other country, very little usually ends up in Asia, where imports have almost doubled in a decade as rising incomes boosted demand for noodles, cakes and breads. But this season, Australian production will plunge the most in a decade, American farmers will have their smallest harvest since 2002, and Canada’s crop will shrink for the third time in four years.

“Russia will be a big winner,” said Benjamin Bodart, a director at adviser CRM Agri-Commodities in Newmarket, England. “Russia’s crop is expected to be a record. They will need to find markets to supply that wheat to.”

For a second straight season, growers from the Black Sea to southern Siberia are collecting Russia’s largest wheat crop ever. The U.S. Department of Agriculture estimates production will rise to 77.5 million metric tons, exceeding domestic consumption by the widest margin on record. The U.S. had been the world’s top exporter for decades, but was supplanted by Russia in 2015-16 before regaining the title last season. The USDA forecasts Russia will be back on top in the 12-month marketing season that began July 1, with exports jumping 13 percent from a year earlier to 31.5 million tons, almost three times what they were in 2012-13.

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Brand History

September 4, 2017 #206

Coffee Cherie

L

LC Cherie was founded on March 21, 2012. Key direction of the company operation is to import raw/ green coffee, to process it (cleaning, frying, granulating, packing) and to distribute the product on the territory of Georgia.

The company owns the cuttingedge enterprise equipped with Germany machines that are recognized as the best one in the coffee industry. The enterprise satisfies all standards of German and Italian coffee enterprises.

LLC Cherie is the first company, which started production of industrial coffee in Georgia to offer 100% natural coffee with special taste made by unique technologies.

Currently, LLC Cheri is the biggest coffee manufacturer in Georgia, the company representatives noted.

Everything started by examining the coffee market. We found that there was no high-quality coffee in the country. This kind of coffee was not produced and was not imported from abroad.

Cherie brand has achieved success as a result of a 5-year tireless efforts, not one specific case or history.

Everyday work, control of quality, valuable organization of sales (Cherie coffee is sold all over Georgia, is distributed very well), patience, attention to consumer interests, correction of errors and all other efforts have preconditioned a development and success of Georgian coffee brand of Cherie.

In the process of brand establishment, the key challenge was to persuade Georgian consumers that Georgia-made coffee may be

the best product genuinely. This is reality. Georgian consumers turned out to have a very good taste and that’s why today Cherry is leader on the coffee market.

We have worked for a year on selecting the logo and name. We

had various options. Finally, the founder choose this logo and name.

You should choose Cherie because it is a high-quality, Georgian, natural, affordable, tasteful product.

The company employs 65 citizens.

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Embassy United States of America Embassy 11 Balanchivadze St., Dighomi Dstr., Tbilisi Tel: 27-70-00, 53-23-34 E-mail: tbilisivisa@state.gov; askconsultbilisi@state.gov United Kingdom of Great Britain and Northern Ireland Embassy 51 Krtsanisi Str., Tbilisi, Tel: 227-47-47 E-mail: british.embassy.tbilisi@fco.gov.uk Republic of France Embassy 49, Krtsanisi Str. Tbilisi, Tel: 272 14 90 E-mail: ambafrance@access.sanet.ge Web-site: www.ambafrance-ge.org Federal Republic of Germany Embassy 20 Telavi St. Tbilisi Tel: 44 73 00, Fax: 44 73 64 Italian RepublicEmbassy 3a Chitadze St, Tbilisi, Tel: 299-64-18, 292-14-62, 292-18-54 E-mail: embassy.tbilisi@esteri.it Republic of Estonia Embassy 4 Likhauri St., Tbilisi, Tel: 236-51-40 E-mail: tbilisisaatkond@mfa.ee Republic of Lithuania Embassy 25 Tengiz Abuladze St, Tbilisi Tel: 291-29-33 E-mail: amb.ge@urm.lt Republic of Latvia Embassy 16 Akhmeta Str., Avlabari, 0144 Tbilisi.

E-mail: embassy.georgia@mfa.gov.lv Greece Republic Embassy 37. Tabidze St. Tbilisi Tel: 91 49 70, 91 49 71, 91 49 72 Czech RepublicEmbassy 37 Chavchavadze St. Tbilisi ;Tel: 291-67-40/41/42 E-mail: czechembassy@gol.ge Web-sait: www.mzv.cz Japan Embassy 7 Krtsanisi St. Tbilisi Tel: +995 32 2 75 21 11, Fax: +995 32 2 75 21 20 Kingdom of Sweden Embassy 15 Kipshidze St. Tbilisi Tel: +995 32 2 55 03 20 , Fax: +995 32 2 22 48 90 Kingdom of the Netherlands Embassy 20 Telavi St. Tbilisi Tel: 27 62 00, Fax: 27 62 32 People’s Republic of China Embassy 52 Barnov St. Tbilisi Tel: 225-22-86, 225-21-75, 225-26-70 E-mail: zhangling@access.sanet.ge Republic of Bulgaria Embassy 15 Gorgasali Exit, 0105 Tbilisi, Georgia Tel: +995 32 291 01 94; +995 32 291 01 95 Fax: +99 532 291 02 70 Republic of Hungary Embassy 83 Lvovi Street, Tbilisi Tel: 39 90 08; E-mail: hunembtbs@gmail.com State of Israel Embassy 61 Agmashenebeli Ave. Tbilisi Tel: 95 17 09, 94 27 05 Embassy of Swiss Confederation’s Russian Federation Interests Section Embassy 51 Chavchavadze Av., Tbilisi Tel: 291-26-45, 291-24-06, 225-28-03 E-mail: RussianEmbassy@Caucasus.net Ukraine Embassy 76-g Chavchavadze Ave., Tbilisi Tel: 231-11-61, 231-14-54 E-mail: emb_ge@mfa.gov.ua Consular Agency: 71, Melikishvili St., Batumi Tel: (8-88-222) 3-16-00/ 3-14-78 Republic of Turkey Embassy 35 Chavchavadze Ave., Tbilisi Tel: 225-20-72/73/74/76 embassy.tbilisi@mfa.gov.tr Consulate General in Batumi 9 Ninoshvili Street, Batumi Tel: 422 25 58 00 consulate.batumi@mfa.gov.tr Republic of Azerbaijan Embassy Kipshidze II-bl . N1., Tbilisi Tel: 225-26-39, 225-35-26/27/28 E-mail: tbilisi@mission.mfa.gov.az Address: Dumbadze str. 14, Batumi Tel: 222-7-67-00; Fax: 222-7-34-43 Republic of Armenia Embassy 4 Tetelashvili St. Tbilisi Tel: 95-94-43, 95-17-23, 95-44-08 E-mail: armemb@caucasus.net Web: www.armenianembassy.ge Consulate General, Batumi Address: Batumi, Gogebashvili str. 32, Apt. 16 Kingdom of Spain Embassy Rustaveli Ave. 24, I floor, Tbilisi Tel: 230-54-64 E-mail: emb.tiflis@maec.esRomania Embassy

Tbilisi Guide 7 Kushitashvili St., Tbilisi Tel: 38-53-10; 25-00-98/97 E-mail: ambasada@caucasus.net Republic of Poland Embassy 19 Brothers Zubalashvili St., Tbilisi Tel: 292-03-98 Email:tbilisi.amb.sekretariat@msz.gov.pl Web-site: www.tbilisi.polemb.net Republic of Iraq Embassy Kobuleti str. 16, Tbilisi Tel: 291 35 96; 229 07 93 E-mail: iraqiageoemb@yahoo.com Federative Republic of Brazil Embassy Chanturia street 6/2, Tbilisi Tel.: +995-32-293-2419 Fax.: +995-32-293-2416 Islamic Republic of Iran Embassy 80, I.Chavchavadze St. Tbilisi, Tel: 291-36-56, 291-36-58, 291-36-59, 291-36-60; Fax: 291-36-28 E-mail: iranemb@geo.net.ge United Nations Office Address: 9 Eristavi St. Tbilisi Tel: 225-11-26/28, 225-11-29/31 Fax: 225-02-71/72 E-mail: registry.geo@undp.org Web-site: www.undp.org International Monetary Fund Office Address : 4 Freedom Sq., GMT Plaza, Tbilisi Tel: 292-04-32/33/34 E-mail: kdanelia@imf.org Web-site: www.imf.ge Asian Development Bank Georgian Resident Mission Address: 1, G. Tabidze Street

Freedom Square 0114 Tbilisi, Georgia Tel: +995 32 225 06 19 e-mail: adbgrm@adb.org; Web-site: www.adb.org World Bank Office Address : 5a Chavchavadze Av., lane-I, Tbilisi, Georgia ; Tel: 291-30-96, 291-26-89/59 Web-site: www.worldbank.org.ge Regional Office of European Bank for Reconstruction and Development Address: 6 Marjanishvili St. Tbilisi Tel: 244 74 00, 292 05 13, 292 05 14 Web-site: www.ebrd.com Representation of the Council of Europe in Georgia Address : 26 Br. Kakabadze, Tbilisi Tel: 995 32 291 38 70/71/72/73 Fax: 995 32 291 38 74 Web-site: www.coe.ge Embassy of the Slovak Republic Address: Chancery: 85 Irakli Abashidze St. Tbilisi, 0162 Georgia Consular Office: 38 Nino Chkheidze St. Tbilisi, 0102 Georgia Phone: 2 222 4437, 2 296 1913 e-mail: emb.tbilisi@mzv.sk

Hotels in Georgia TBILISI MARRIOTT Tbilisi , 13 Rustaveli Ave. Tel: 77 92 00, www.marriott.com COURTYARD MARRIOTT Tbilisi , 4 Freedom Sq. Tel: 77 91 00 www.marriott.com RADISSON BLU HOTEL, TBILISI Rose Revolution Square 1 0108, Tbilisi Tel: +995 32 402200 radissonblu.com/hotel-tbilisi RADISSON BLU HOTEL, BATUMI Ninoshvili Str. 1, 6000 Bat’umi, Georgia Tel: 8 422255555 http://radissonblu.com/hotel-batumi SHERATON METECHI PALACE Tbilisi , 20 Telavi St. Tel: 77 20 20, www.starwoodhotels.com SHERATON BATUMI 28 Rustaveli Street • Batumi Tel: (995)(422) 229000 www.sheratonbatumi.com Holiday Inn Tbilisi Business hotel Addr: 1, 26 May Square Tel: +995 32 230 00 99 E-mail: info@hi-tbilisi.com Website: http://www.hi-tbilisi.com River Side Hotel With incredible service and views Addr: Mari Brosse street turn, Old Tbilisi.

Tel: +995 32 2242244; +995 32 2242288 Fax: +995 32 2 242277 Email: info@riverside.ge Website: www.riverside.ge

Restaurants Corner House Tbilisi, I. Chavchavadze ave. 10, Tel: 0322 47 00 49; Email: contact@cornerhouse.ge Restaurant Barakoni Restaurant with healthy food.

Georgian-European Cuisine Agmashenebeli Alley 13th Phone: 555 77 33 77 www.barakoni.com CHARDIN 12 Tbilisi , 12 Chardin St. , Tel: 92 32 38 Cafe 78 Best of the East and the West Lado Asatiani 33, SOLOLAKI 032 2305785; 574736290 BREAD HOUSE Tbilisi , 7 Gorgasali St. , Tel: 30 30 30 BUFETTI - ITALIAN RESTAURANT Tbilisi , 31 I. Abashidze St. , Tel: 22 49 61 DZVELI SAKHLI Tbilisi , 3 Right embankment , Tel: 92 34 97, 36 53 65, Fax: 98 27 81 IN THE SHADOW OF METEKHI Tbilisi , 29a Tsamebuli Ave. , Tel: 77 93 83, Fax: 77 93 83 SAKURA - JAPANESE RESTAURANT Tbilisi , 29 I. Abashidze St. , Tel: 29 31 08, Fax: 29 31 08 SIANGAN - CHINESE RESTAURANT Tbilisi , 41 Peking St , Tel: 37 96 88 VERA STEAK HOUSE Tbilisi , 37a Kostava St , Tel: 98 37 67 BELLE DE JOUR 29 I. Abashidze str, Tbilisi; Tel: (+995 32) 230 30 30 VONG 31 I. Abashidze str, Tbilisi Tel: (+995 32) 230 30 30 BRASSERIE L’EXPRESS 14 Chardin str, Tbilisi Tel: (+995 32) 230 30 30 TWO SIDE PARTY CLUB 7 Bambis Rigi, Tbilisi Tel: (+995 32) 230 30 30

Cinemas AKHMETELI Tbilisi. “Akhmeteli” Subway Station Tel: 58 66 69 AMIRANI Tbilisi. 36 Kostava St. Tel: 99 99 55, RUSTAVELI Tbilisi. 5 Rustaveli Ave. Tel: 92 03 57, 92 02 85, SAKARTVELO Tbilisi. 2/9 Guramishvili Ave. Tel: 8 322308080,

15 SH. RUSTAVELI STATE THEATRE Tbilisi. 17 Rustaveli Ave. Tel: 93 65 83, Fax: 99 63 73 TBILISI STATE MARIONETTE THEATRE Tbilisi. 26 Shavteli St. Tel: 98 65 89, Fax: 98 65 89 Z. PALIASHVILI TBILISI STATE THEATRE OF OPERA AND BALLET Tbilisi. 25 Rustaveli Ave. Tel: 98 32 49, Fax: 98 32 50

Galleries ART GALLERY LINE Tbilisi. 44 Leselidze St. BAIA GALLERY Tbilisi. 10 Chardin St. Tel: 75 45 10 GALLERY Tbilisi. 12 Erekle II St. Tel: 93 12 89

Real Estate International Real Estate Company (IREC) Tbilisi. 9 P. Aslanidi St. Tel: +995 32 238 058 Mob: 599 95 76 71 Email: Info@irec.ge www.irec.ge

GSS Car rental offers a convenient service for those who are interested in renting car in Georgia. Rental fleet mainly consist of Japanese made SUV’s, the company has various models of cars including sedans and minivans which are in good technical condition.

Contact information: Email: info@gsservices.ge.

Address: Shalva Dadiani 10

LimelightTravelinfoCenter Address: 13 Sioni Street, 0105, Tbilisi (at the end of Shardeni Street) Phone: +995 322 999 123 E-mail: info@limelight.ge Web-page: www.limelight.ge Facebook page: www.facebook.com/limelight.ge

Theatres A. GRIBOEDOV RUSSIAN STATE DRAMA THEATRE Tbilisi. 2 Rustaveli Ave. Tel: 93 58 11, Fax: 93 31 15 INDEPENDENT THEATRE Tbilisi. 2 Rustaveli Ave. Tel: 98 58 21, Fax: 93 31 15 K. MARJANISHVILI STATE ACADEMIC THEATRE Tbilisi. 8 Marjanishvili St. Tel: 95 35 82, Fax: 95 40 01 M. TUMANISHVILI CINEMA ACTORS THEATRE Tbilisi. 164 Agmashenebeli Ave. Tel: 35 31 52, 34 28 99, Fax: 35 01 94 METEKHI – THEATRE OF GEORGIAN NATIONAL BALLET Tbilisi. 69 Balanchivadze St. Tel: (99) 20 22 10 MUSIC AND DRAMATIC STATE THEATRE Tbilisi. 182 Agmashenebeli Ave. Tel: 34 80 90, Fax: 34 80 90 NABADI - GEORGIAN FOLKLORE THEATRE Tbilisi. 19 Rustaveli Ave. Tel: 98 99 91 S. AKHMETELI STATE DRAMATIC THEATRE Tbilisi. 8 I. Vekua St. Tel: 62 59 73

The Best Georgian Honey of chestnuts,acacia and lime flowers from the very hart of Adjara Matchakhela gorge in the network of Goodwill, Nikora and smart

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