Caucasus Business Week #310

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January 20, 2020 -




Insurance Market Challenges



Challenges in Operating Airports

Hotel Business and Agribusiness - 2020’s Top Priorities for the Samegrelo-Zemo Svaneti Region


Georgian Brands on the Domestic and Global Markets

2 January 20, 2020 #310

Georgia named as 'Tourist Destination of the Year at MATKA 2020 in Finland On January 16, Georgia was named as the destination of the year at the largest international tourism exhibition-fair in the Nordic countries, Helsinki, Finland - MATKA 2020.

World Bank reduced Georgia's Economic Growth Forecast to 4.3% As for Georgia, according to the new forecast, by 2020 the World Bank forecasts 4.3% growth of the Georgian economy, which is 0.5 percentage points lower than the previous assessment.

HTM Helicopter Travel Munich GmbH licensed to perform Flights to Gudauri and Mestia Agreement signed on Constructing Final Section of Rikoti Pass Motorway The Road Department has signed an agreement on constructing the final fourth section of Rikoti Pass motorway.

LEPL Civil Aviation Agency of Ministry of Economy of Georgia has licensed HTM Helicopter Travel Munich GmbH to perform flights at ski resorts.

Merab Ninidze to play in a New Film with Benedict Cumberbatch A new drama movie, played by Merab Ninidze and Benedict Cumberbatch is called Ironbark. Georgian Ice Skaters to become Olympic Champions In Lausanne, figure skating was held at the 2020 Winter Youth Olympics. Competition was finished with the triumph of Luka Berulava team. Georgian duet has won Olympic Gold Medal.

Tbilisi City Hall to launch Largescale Projects “We will launch large-scale projects this year,” Mayor of Tbilisi Kakha Kaladze said at the meeting of the municipality government on Wednesday. As Kakha Kaladze noted, 1 billion 245 million GEL will be spent on two main directions – infrastructure and healthcare.

Levan Karanadze to discuss Future Projects with Natia Turnava As director of aviation agency of Georgia, Levan Karanadze declared on the meeting of discussing future projects headed by Natia Turnava, on the aviation market Georgia has 32 travelings, and among them 30 foreign and 3 cargo airline.

Money transfers from Abroad Hit 1.73 billion USD Money transfers from abroad in 2019 made up 1.73 billion USD (over 4.99 billion GEL), up 9.7% compared to the same period of 2018.

Tourism Infrastructure Arrangement to be finished Near Motsameta Monastery Municipal Development Fund of Ministry of Infrastructure and Regional Development finished working processes of cultural heritage and tourist zones near Motsameta monastery, in the Municipality of Tkibuli.

The Editorial Board Follows Press Freedom Principles Publisher: LLC Caucasian Business Week - CBW Director: Levan Beglarishvili WWW.CBW.GE Address: Aleksidze Street 1 Sales: Mob: +995 591 01 39 36 Email: Editor: Nutsa Galumashvili. Mobile phone: 595 380382 Copy Editor: Ellie Rambo Reporters: Nina Gomarteli; Mariam Kopaliani; Merab Janiashvili, Economic columnist: Andria Gvidiani; Technical Assistant: Giorgi Kheladze;

3 January 20, 2020 #310

4 January 20, 2020 #310

Insurance Market Challenges “The fate of the law on automobile third party liability insurance remains unclear”, Devi Khechinashvili, the Georgian Insurance Association President told the television program Business Partner. This means that this bill will not be discussed in 2020, either, he added. “I know that the government realizes the importance of this bill, and that the EU also recommends that we adopt this law, because this is a necessary standard, like many other standards”, Khechinashvili said. The Association has offered various timeframes for enforcing the law, namely to enforce it in stages, as happened in the case of the technical inspection of vehicles, he noted. Georgia has all the resources needed to form an automobile third party liability insurance system, as is practiced in Germany, Khechinashvili pointed out. As reported, this bill was submitted to the parliament in late 2018, but the document has not been discussed yet. The government has not explained reasons for protractions, but I think the process was postponed on the eve of the upcoming elections, because it is not favorable and convenient for the ruling party to enforce this law in the preelection period, Khechinashvili noted. “The law is stuck in the parliament, practically. The government submitted the bill to the parliament in December 2018, and the document was not discussed for a year. We have actively cooperated with the Parliament and its committees. They seem a little bit undetermined about supporting the bill or not. This is not an ordinary issue. Ultimately, they did not discuss the issue at all. No interpretations provided. I think populism, politics and the upcoming elections are the reason. They think that this is not a useful or convenient bill in the pre-election period”, Devi Khechinashvili noted. The mandatory third-party liability insurance law will incentivize the state insurance sector, because about one million citizens will be involved in

insurance relations, and this will be the first insurance product for the majority of them, Khechinashvili pointed out. According to European statistics, about 80,000 insurance cases are recorded for every million people; According to Armenian statistics, the figure is at 110,000 cases. The benefits are shared by the two parties, because the third party insurance implies two parties – a vehicle owner, who is responsible for the road accident, and a victim, Khechinashvili noted. We do not expect the parliament to discuss the bill, even in 2020, because the parliamentary elections are coming, despite the fact that the authorities realize the importance of the automobile third party liability insurance bill, and the EU’s recommendations urge the adaptation of this law. The Georgian Insurance Association President is sure that third party insurance will be successfully enforced, because all the required chains work in order. “The insurance industry stands united in backing the automobile third party liability insurance bill, because the necessary parts already exist. I mean the police system, which is free of corruption. We have an ideal information exchange system. All these parts are in order. We can arrange an automobile third party liability insurance system as seen in Germany. We have proved this through small mandatory programs for foreign automobile third party liability insurance. Both components for cash logistics and compensation work perfectly. We are sure that we will be able to implement this project well, and these efforts will genuinely foster the development of a culture of insurance”, Khechinashvili said.

5 January 20, 2020 #310

Challenges in Operating Airports

As updated by Georgian Civil Aviation Agency, Georgia-based airports have handled 5,209,505 passengers in 2019, up 3.5% compared to 2018, and up 27.63% compared to 2017. Domestic flights have also increased to 24,447, throughout 2019. Aleksandre Gachechiladze, Deputy Director of the Civil Aviation Agency, discussed 2019’s performance, and plans for 2020 on the Business Partner TV program. The Georgian aviation market has demonstrated dynamic growth over the past few years. All air traffic indicators have grown irreversibly, Gachechiladze noted. “This growth is recorded amid the Russian flight ban. Georgia-based airports have reported dramatic growth”, Gachechiladze pointed out. As for the current situation in the Georgian skies after the downing of a Ukrainian airliner in Iran, international airlines have suspended all flights in Iran’s airspace, and shifted transit flights through Georgian skies, Gachechiladze noted and added that the Georgian Civil Aviation Agency has been in constant communication with their European colleagues, and the agency will notify them about any changes immediately. “We are in constant communication with various international organizations, and the leaders of

aviation authorities in various countries. The information and data exchange process has proceeded in a 24-hour regime to ensure safe flights. We are ready to immediately update airlines, and the industry, on any changes. Yesterday, we had to immediately update them on any recommendations at the Agency meeting”, Gachechiladze pointed out. As for the transit route shifted from Iran to Georgia, we have obvious growth in air traffic, but it is too early to talk about the dynamics, the civil aviation agency Deputy Director noted. “The more airplanes cross Georgian airspace, the higher the direct profits the country will receive. At the same time, a certain period is required for the appraisal of the real dynamic. However, early reports prove that air traffic in the Georgian sky has been growing, and the Georgian navigation system ensures an undisrupted regime for flights”, Gachechiladze said. Recent developments in the Near East have evidently intensified transit flights through the Georgian skies, Aleksandre Gachechiladze concluded.

6 January 20, 2020 #310

Hotel Business and Agribusiness - 2020’s Top Priorities for the Samegrelo-Zemo Svaneti Region Hospitality and agribusiness development were determined to be 2020’s top priority fields for the Samegrelo-Zemo Svaneti region, together with infrastructure development, Deputy Governor David Partsvania noted. The Destinations Management Organization (DMO) was established to actively develop the tourism sector in the region. The National Tourism Administration actively participates in the process, and the developmental strategy is being prepared with the support of USAID, he added. “In reality, there was no longterm development concept. In several days, we will introduce our strategy that places an emphasis on popularizing the region’s positive aspects and elements. It is our priority to maintain and popularize the existing opportunities, the authentic nature of Megrelian and Svanetian culture. Furthermore, The Samegrelo-Zemo Svaneti State Governor’s administration plans to place focus on attracting medium and high-income tourists. At this stage, registers 619 hotels in the Samegrelo-Zemo Svaneti Region. A total of 337 hotels operate in Mestia. It is important for us to improve the hotel management experience, and USAID provides overall assistance in this regard.

The hotel industry’s development under the Enterprise Georgia program is also very important. For instance, an ethnographic village operates in Sisatura, and people see this example of success. The interest in the tourism business is growing. As exemplified by Zugdidi, our opportunity is that we have the option to rehabilitate the botanical garden, Niko’s Palace, the Dadianis’ Summer Palace. We have a lot of caves and canyons, as well as ski and sea resorts. This means that the Samegrelo-Zemo Svaneti Region is an attractive tourism destination”, Partsvania noted. This year, Samegrelo hosted the first festival dedicated to Kolkhetian Wine. This platform is to revive ancient Kolkhetian vine varieties, and develop wine tourism together with family wine cellars. As noted by Partsvania, this is definitely a new phase of agro tourism development in Samegrelo. M2 development company has been building a 5-star hotel in the center of Zugdidi. The project’s investment is worth 8 million USD. Furthermore, in Ganmukhuri, the Cartu Fund and the Co-Investment Fund have been implementing a joint project to build a 120-suite international-brand hotel.

Many other hotel projects are also being implemented in the village of Mukhuri, Chkhorotsku Municipality. In reality, hotel development has been dramatically enlivened in Samegrelo. The demand is also growing for local culinary specialities, because international tourists seek new tastes and the Samegrelo-Zemo Svaneti Region has real potential to gain its worthy place in the field of gastronomy tourism. Today, visitors only cross Samegrelo to get to Svaneti. Therefore, our objective is to somehow make these tourists interested in Samegrelo, too, so they stay here”, Partsvania said. As for agribusiness, hazelnut plantations maintain a leading position, and bilberry plantations are also in active development, Partsvania pointed out. Kiwi plantations covering 540 hectares in the region are also very important. The farmers should ensure high quality to prevent problems with sales, Partsvania noted. The bilberry gardens arranged on 150 hectares as part of the Plant Future project are worth fleshing out in detail. “We expect the acreage of bilberry plantations to rise to 250-300 hectares, even more so as the authorities provide a 100% grant

program. Those with 0.5 hectare gardens and small-scale plots have the opportunity to obtain funding. This is a new practice in our country, especially when the market price of unfrozen blueberry ranges from 5 to 7 EUR. The price for bio products doubles. There are no exports and sales problems in this field. DCFTA enables us to export these products to the EU market without barriers”, Partsvania pointed out. Snail production is also a very important field. The snail farm is based in the village of Akhali Khibula. The government has funded the farm with 1.2 million GEL in preferential credit. The company implementing the offers the population the opportunity to arrange snail farms on at least 1,000 square meters by attracting at least 4,000 EUR investments, and the company will purchase of product in their entirety. The snail is primarily consumed in France, Spain and Italy. For example, France mainly imports snails from Eastern European countries. We plan to provide active work in tea cultivation. Today, we can rehabilitate 130 hectares of tea plantations. Therefore, we have begun this process to attract various investors to the agribusiness sector of Samegrelo, Partsvania said.

7 January 20, 2020 #310

Georgian brands on the domestic and global markets. Products that Georgian entrepreneurs export to international markets, and the chance for gaining popularity among the world’s fashionistas. Spilow’s Company Director, Sopo Chkhaidze and the Gepherrini Company Founder Ilia Gepheridze discussed these issues for the Business Partner TV Program. Both Gepherrini and Spilow’s companies have used Enterprise Georgia’s opportunities. As is well known, the state-run program is meant to promote startups. Co-funded under this program, both companies participated in several international exhibitions, and arranged new exports channels, as well. However, shaping a brand and expanding the potential of exports require financial resources, the TV program’s guests noted, and further added that the authorities should invest in brands with export potential. As noted by Spilow Company Director Sopo Chkhaidze, three friends established the brand 3 years ago with a very small investment, and today the company exports its products to foreign markets. “Several days ago our brand on display with its own stand at the biggest children’s wear exhibition in Florence, Italy. With the support of Enterprise Georgia, we participated in this exhibition during the winter season. We will also visit Paris to participate in the children’s wear tradeexhibition”, Chkhaidze said. Georgian brands with export potential have asked the authorities to put investments in promising brands and expand access to financial resources, she noted. Companies should make use of the opportunities that Georgian designers have on international markets, and make Georgianmade clothes sought-after products on exports markets. Huge financial resources are required to gain a foothold on these markets, Chkhaidze pointed out. “Access to financial resources is the thing that we need most of all. We have obtained a startup business loan. The Enterprise Georgia program has helped us in making progress. A year ago, we participated in an international exhibition and established new contacts. We had small-scale exports to Beirut. Our products were represented on in London, too. When entering this sector, you want to achieve more and more. Georgian designers have paved the way, and we are grateful to them that we do not have to start everything from scratch. Our adult clothing offerings are gaining steam, and now we plan to enter the children’s market as well. Clients on the export markets judge children’s wear with a critical perspective, and they want to make sure that you sew very well, and provide high quality and maintain top standards. Therefore, you should satisfy these high standards, to shape a brand and gain confidence, especially in Europe. However, huge demand is recorded in the USA and China, too. We seek financial resources to enter export markets with such huge opportunities, and avoid stagnation. We need financing to

make the quantum leap in brand development”, Chkhaidze said. As for Gepherrini, company founder Ilia Gepheridze noted that the Georgian consumer has changed their conduct. Today, Georgians prefer to buy domestic products, and this is a wonderful trend, he added. “As for state assistance, they actually try to assist us. Co-funded by Enterprise Georgia, we have participated in four exhibitions, and we have achieved dramatic results. Our store has opened in Hong Kong, but there are a lot of challenges, especially in terms of financial resources. I think the authorities should establish a state institution that would promote brands with export potential. For instance, the Partnership Fund finances innovative businesses. A similar platform could fund brands with export potential, and this would be excellent, because huge financial resources are required to create a brand, and the process can lead to serious difficulties”, Gepheridze noted. As it turned out, Georgian products enjoy a certain competitive advantage in relation to the cheapest Chinese products. For instance, Kuwait requested that the sign of the country of origin “Made in Georgia” be visible on the exterior of Gepherrini products. “Chinese products have gradually lost credibility among consumers who seek products from other countries. Georgia is considered to be a European country, and products labeled as “Made in Georgia” are considered to be manufactured in Europe. Therefore, our hosts in Kuwait asked us to attach the sign “Made in Georgia” on the exterior of our products. And now our products are labeled as “Made in Georgia,” both inside and outside. About 1021 companies were represented at the exhibition in China. A comparison of our wholesale prices showed only a little difference. On the contrary, we even had an advantage, even regarding orders. When we order a specific model to Chinese companies, the minimum quantity is 500 units, while our requirement ranges from 30 to 50, and this is a huge advantage. Our location is also very favorable. Chinese products need 45 days in transportation, and at least 1 month is required for their preparation, while our products are delivered to their destination in 45 days. This is our opportunity, and we should use this opportunity. We just need proper development, and we need funding at a crucial moment”, Gepheridze noted. Brands with export potential cannot make progress only through standard bank products, and state investments are necessary for rapid development, he noted. “We need other kinds of assistance, something like the Partnership Fund that would take higher risks. It is very difficult to survive among so many brands, when you go without knowing where and how. The government should also take certain risks, and put funds in startups like us. Even if 20 companies or 100s justify it, we will hire a lot of employees, and improve businesses in Georgia”, Ilia Gepheridze told Business Partner.

8 January 20, 2020 #310

Murtaz Putkaradze: "Technological Change has made it Easier to produce High-quality Content" Interview with the Head of Marketing at MY.GE (combining myhome, myauto, mymarket, myjobs, myparts and myads), Murtaz Putkaradze. Tell us about how you got into the field of marketing, and what factors played an important role in choosing this profession? Even before I got to university, I probably had a consistent desire to work in marketing from the age of 14-15, and I couldn't imagine what else I would do. I always say that, even if I didn't get paid, I would do exactly what I am doing now, because I was lucky, and my profession is more of a hobby than a job. The main reason why I went into marketing is that the field is probably all about creativity, with a combination of analytical skills, so it’s also dynamic. The situation is constantly evolving and changing, which is a pleasant challenge. What challenges do you face as a leader in marketing, during a time of technological change? I started my marketing career directly, through digital channels, so it was easier for me to deal with these challenges. Today, technological change has made it easier to produce high-quality content, and brands can communicate with a much smaller budget, which has lead to a fundamental shift in society. Because of this buzz, users are no longer responding to general calls, and we have to constantly struggle to stay relevant. One of the challenges in a dynamic and ever-changing environment is to keep the brand's core promise, to stay true and follow the vision. What has changed in the field in the last 5 years, and what changes are expected? The major change that has taken place in the last 5 years is that brands have begun to engage in dialogue with customers, and these conversations aren’t one-sided. Channels that have changed can deliver the brand to consumers. Much more importance was given to analysis, to the correct definition of the strategy. The pace of change will accelerate even further over the next 5 years, and in the process, I think all marketers should take care to create a personalized experience, a communication channel for each customer. Focus on ‘Brand Attention,’ not ‘Brand Awareness.’ What do you think are the most important qualities a marketing manager should have, and what is his or her role in the organization in general?

In my opinion, the most important thing for a marketer is to understand the importance of strategy and analytics, and to love the work we do, because in such a dynamic and highly stressful industry, it is difficult to maintain one’s motivation. The main role of the marketer is to maintain the relevance of the organization in the eyes of the consumer, and to create a feeling for the product, without which we cannot create a single customer, a brand ambassador. What do you do to keep the organization from falling behind on new trends, and keep applying innovative approaches to marketing? One of the main approaches we have in every department of MY.GE is to constantly introduce new trends and innovative approaches, such as relevant AI and Big Data analytics. To do this, we provide both internal trainings seminars and workshops with the help of invited trainers, as well as the fact that any staff member has access to online courses and training programs, that the organization will pay for, 100%. What’s your organization’s business model, in terms of marketing?

The main promise of the MY.GE brand is to create a personal experience for our 2.2 million monthly visitors, who are codified by customer orientation. The content of our platforms is exactly what these people are creating, and when planning any updates/improvements, the first question we ask is how much this will improve the user experience. One word that describes your job. Chaos. The most useful advice you’ve ever received in your life? A phrase from a book by Simon Sinek: Start with why; if you know why doing a particular activity, everything else can be achieved. Think of a person who inspires you professionally. Seth Godin, who has been at the center of digital transformation, and one of the leading contemporary brands - Google has been developed with his signature approaches.

9 January 20, 2020 #310

Business News

Georgian Creative Agency Windfor’s to enter Ukrainian Market

“Deficit of accommodate places create real problems” , Daviti guesthouse manager Omar Iakobidze told BM.Ge Despite snowless season, a lot of tourists have arrived in the resort anyway, he noted.

The agency plans to open a new office in Ukraine. Preparatory works are underway.

Martin Scorsese to shoot Salome Jicia in New Film

opened. The investment price was 3.5$ million. Owners of the hotel are Tamar Usanetashvili and Lialia Shonia.

New Inground Swimming Pool to be opened in Tbilisi Hills Golf & Residences Complex In 2020, new inground swimming pool will be opened in Tbilisi Hills Golf & Residences complex. The project presents collaboration of two Georgian brands - Ambassadori Kachreti and Anagi Development. The management of the project is maintained by Kachreti Development.

Martin Scorsese shot Georgian Opera singer, Salome Jicia in a new documental film, which name is "The Oratorio". The film is American-Italian co-production and is shot in Saint Peter's temple, in New York, 2019. New Hotel to be built in Municipality of Kaspi Hotel to be arranged at the Former Ananov Palace Within the framework of "50 Properties for Your Hotel", in Vartsikhe, at the former palace of Ananov, tourist complex will be set up. Nexia International to join Business Association of Georgia

In the village of Akhalkalaki, in the municipality of Kaspi, new hotel will be built. The information was declared by National Agency of State Property of the Ministry of Economy and Sustainable Development. Within the frameworks of "50 Properties for Your Hotel", the agency has sold 1122 m2 land and presented building on the online auction for 20,500 Gel.

Nexia International is a leading, global network of independent accounting and consulting firms. Daviti Hotel Manager: Goderdzi Resort faces Sharp Deficit of Accommodation Places; Road Problems also Harm Japan Airlines introduces Georgian Wine at First Class Lounge A premium Georgian qvevri wine has been introduced at Japan Airlines First Class Lounge. For the first time Georgian wine was selected by Japan Airlines and it proved to be very popular among the passengers. “The cradle of wine” Georgia now is attracting more attention in Japan. New Hotel Komorebi to be opened in Bakuriani In Bakuriani, 77-room hotel Komorebi was

New Georgian Handmade Bag Startup launched The brand name of “ACORN” means an Acorn in English. As one of the symbols of success and life, it charges with huge energy and helps people be happy and more attractive. According to verbal traditions, in old times people used to wear acorns in pockets.

10 January 20, 2020 #310

About Performance: The play of the modern drama writer and playwright Jordi Galseran “The “THE GRONHOLM Gronholm Method” METHOD” is the mixture of the intellectual thriller Big Stage and psychological Jordi Galseran detective. The Directed by Temur action takes place Chkheidze in the office of the international Cast: Eka Chkheidze, Nika corporation. There is only 1 vacancy Tavadze, Apolon on position of the Kublashvili, Aleko Selling Manager, and Makharoblishvili

4 candidates! Engaged in a brutal battle, each of them is ready to psychologically destroy the enemy in order to achieve the goal. Duration - 110 minutes, without intermission

11 January 20, 2020 #310 Embassy United States of America Embassy 11 Balanchivadze St., Dighomi Dstr., Tbilisi Tel: 27-70-00, 53-23-34 E-mail:; United Kingdom of Great Britain and Northern Ireland Embassy 51 Krtsanisi Str., Tbilisi, Tel: 227-47-47 E-mail: Republic of France Embassy 49, Krtsanisi Str. Tbilisi, Tel: 272 14 90 E-mail: Web-site: 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: Republic of Estonia Embassy 4 Likhauri St., Tbilisi, Tel: 236-51-40 E-mail: Republic of Lithuania Embassy 25 Tengiz Abuladze St, Tbilisi Tel: 291-29-33 E-mail: Republic of Latvia Embassy 16 Akhmeta Str., Avlabari, 0144 Tbilisi. E-mail: Greece Republic Embassy 37. Tabidze St. Tbilisi Tel: 91 49 70, 91 49 71, 91 49 72 Czech RepublicEmbassy 37 Chavchavadze St. Tbilisi ;Tel: 29167-40/41/42 E-mail: Web-sait: 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 Pixel Center, 34, Ilia Chavchavadze Ave. 3rd floor Tel: +995 32 227 62 00 People’s Republic of China Embassy 52 Barnov St. Tbilisi Tel: 225-22-86, 225-21-75, 225-26-70 E-mail: 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: 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: Ukraine Embassy 76-g Chavchavadze Ave., Tbilisi Tel: 231-11-61, 231-14-54 E-mail: 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 Consulate General in Batumi 9 Ninoshvili Street, Batumi Tel: 422 25 58 00 Republic of Azerbaijan Embassy Kipshidze II-bl . N1., Tbilisi Tel: 225-26-39, 225-35-26/27/28 E-mail: 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 Kingdom of Spain Embassy Rustaveli Ave. 24, I floor, Tbilisi Tel: 230-54-64 E-mail: emb.tiflis@maec.esRomania Embassy 7 Kushitashvili St., Tbilisi Tel: 38-53-10; 25-00-98/97 E-mail: Republic of Poland Embassy Oniashvili str. 24, Tbilisi Tel.: +995322 920398; Fax: +995322 920397 Web-site: Republic of Iraq Embassy Kobuleti str. 16, Tbilisi Tel: 291 35 96; 229 07 93 E-mail: 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: United Nations Office Address: 9 Eristavi St. Tbilisi Tel: 225-11-26/28, 225-11-29/31 Fax: 225-02-71/72 E-mail: Web-site: International Monetary Fund Office Address : 4 Freedom Sq., GMT Plaza, Tbilisi Tel: 292-04-32/33/34 E-mail: Web-site: Asian Development Bank Georgian Resident Mission Address: 1, G. Tabidze Street Freedom Square 0114 Tbilisi, Georgia Tel: +995 32 225 06 19 E-mail:; Web-site: World Bank Office Address : 5a Chavchavadze Av., lane-I, Tbilisi, Georgia ; Tel: 291-30-96, 291-2689/59 Web-site: 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: 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: 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: European Investment Bank Regional Representation for the South Caucasus Address: 1,G.Tabidze Street, Freedom Square

Phone: +995 322 006284 Embassy of The Republic of Korea 12, Titsian Tabidze Str. Tbilisi 0179, Geogia Tel: (995 32) 297 03 18; 297 03 20; Fax: (995 32) 242 74 40; Email: Hotels in Georgia TBILISI MARRIOTT Tbilisi , 13 Rustaveli Ave. Tel: 77 92 00, COURTYARD MARRIOTT Tbilisi , 4 Freedom Sq. Tel: 77 91 00 RADISSON BLU HOTEL, TBILISI Rose Revolution Square 1 0108, Tbilisi Tel: +995 32 402200 RADISSON BLU HOTEL, BATUMI Ninoshvili Str. 1, 6000 Bat’umi, Georgia Tel: 8 422255555 SHERATON METECHI PALACE Tbilisi , 20 Telavi St. Tel: 77 20 20, HOLIDAY INN TBILISI Business hotel Addr: 1, 26 May Square Tel: +995 32 230 00 99 E-mail: Website: 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: Website: Restaurants CORNER HOUSE Tbilisi, I. Chavchavadze ave. 10, Tel: 0322 47 00 49; Email: RESTAURANT BARAKONI Restaurant with healthy food. Georgian-European Cuisine Agmashenebeli Alley 13th Phone: 555 77 33 77 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, 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 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

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