Caucasus Business Week #313

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GEL 30 Million to Be Spent on Vake Park Rehabilitation According to Tbilisi City Hall, by 2020 GEL 10 million will be spent on rehabilitation of Vake Park. Maia Bitadze, the Vice-Mayor, spoke at a presentation on February 6. The agency also plans to change and renovate the park cascade. GEL 20 million will be spend on mentioned works.

Tamar Archuadze to Be Appointed as Head of United Airports of Georgia According to Natia Turnava, Tamar Archuadze has much experience in the field of aviation and she has been working as a curator of this domain for several years.

Most Loyal Customers of SOCAR to Attend Quarter-finals of the European Football Championship

White Farm Founded by Dutch Investments to Supply Raw Milk to Domestic Market The White Farm was launched by a 3.6 million EUR Dutch investment in the village of Kvemo Bodbe, Sighnaghi Municipality.

Within the framework of the 2020 European Football Championship, SOCAR continues its campaign. After rebranding the 11 petrol stations across Georgia, the company decided to encourage customers and offer them the opportunity to compete.

Radisson Collection Hotel, Tsinandali Estate to Be Finalist of MIPIM 2020 Awards International Jury has already chosen 45 projects from 19 countries. The Year of 2019 Recorded 5.35 More Construction Licenses According to Geostat, the national statistics service of Georgia, a total of 10 749 construction licenses were issued in 2019, up 5.3% compared to 2018.

Business Association of Georgia Sets up New Committee As decided by the supervisory board of Business Association of Georgia (BAG), a new committee has been established, namely the communications committee.

GIG to Manage Seaport Infrastructure in Ukraine Ukraine’s Kherson seaport has been transmitted to Georgia-Swiss company for a 30-year management.

National Tourism Administration to Participate in Fitur 2020 Administration of Tourism of the Ministry of Economy and Sustainable Development participated in the tourism national exhibition "Fitur 2020" in Madrid.

New Committee of Oil, Petroleum Product and Gas in BAG In Business Association of Georgia, new committee of oil, petroleum product, and gas will be lead by Shavleg Mishveladze.

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;

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David Janiashvili: Market Demand inspired us to manufacture High-Quality Plastic-filled Metal in White and Black Founded by a team of professionals in 2018, Alutech Georgia Company started with imports and the distribution of aluminum materials, accessories, mechanisms and other installation materials. From the very start, the company placed an emphasis on the production of high-rated products. In two years, the business grew into a plant equipped with modern technologies. The company also expanded with an assortment of products. Today, the company distributes high-quality raw materials for plastic-filled metals in two colors (white and black), and provides services for the installation of metal-plastic doors and windows. Thanks to a high-standard production, today, Alutech Georgia is one of the leaders in this industry, as the company offers an excellent combination of quality and prices. David Janiashvili, one of the founders and the Director General of Alutech Georgia, talks about how the company started operations in Georgia, and what products the company offers to consumers today. When did the company appear in Georgia, and what was the company’s investment portfolio? The company has been operating on the Georgian market since January 1, 2018. An initial investment of 1.5 million GEL was replenished by an additional 1.5 million GEL in the process of expanding the volume and diversity of production . How many different kinds of products did the company manufacture initially, and how the situation changed up to today? To specify, how many types of products do you manufacture, and where do you sell them?

Initially, the company started with the import and distribution of aluminum materials, accessories and mechanisms, and other installation materials. Simultaneously, we started sales and the installation of domestically manufactured windows, doors and stained glass. Later, we added new products and services such as: the production and installation of indoor and outdoor handrails, the production and installation of composite panels and ventilated facades, the installation of both fixed and folding roofs, sales and installation of stainless metal accessories and mechanisms, the sale of metal-plastic profiles and the installation of manufactured windows and doors, the production and sale of galvanized steel profiles. Reportedly, you have recently expanded the assortment of products, namely, metal-plastic products. Would you provide a more detailed look at this? At this stage, the company distributes high-rated metal-plastic raw materials in two colors (white and black), and metal-plastic windows and doors. The existing market demand and lower prices compared to aluminum analogues inspired us to introduce a new line. It should be noted that black plastic material and products bear a visual resemblance to black aluminum products, while the price is lower by about 50% compared to aluminum. What price segment does your company serve? What are the market prices? Today, the company is one of the leaders in this field, thanks to a very good combination of product quality and price. What is the advantage of Alutech georgia company products compared to

your competitors? Aluminum and metal-plastic products offered by Alutech Georgia are distinguished by their quality and durability, while the company also offers flexible prices and high-rated services. Does the company carry out the production process with different technologies? The production process is automated, with cutting-edge machines that minimize the human factor in the process of cutting and milling profiles. Therefore, our technological edge allows us to maximally rule out imperfections and errors in the production process. Does Alutech company export its products to foreign markets? At this stage, our company does not export our products to foreign markets.

Georgia to Host Major International Tourism Exhibition - Fair in 2022 It is a huge honor for Georgia to host the world’s biggest and most prestigious international tourism exhibition in 2022. This is a huge opportunity for branding our country, the National Tourism Administration Director Mariam Kvrivishvili told the Business Partner TV Program. As noted, the International Tourism Exhibition of Germany (ITB Berlin) has approved Georgia’s hosting the world tourism industry’s major exhibition-fair in 2022. Every year the world’s influential media agencies actively highlight the international tourism exhibition-fair in Germany. For three days, more than 5,000 international journalists cover the event. As explained by Mariam Kvrivishvili, more than 200,000 visitors from over 180 countries attend the international tourism exhibition in Germany, and Georgia will gain access to more than 1 billion consumers. Moreover, the country will receive 37 million EUR PR and Marketing support from the exhibition’s organizers. However, the global branding of our country is the most important opportunity, she noted. “As a host country, the biggest privilege is that in 2022, Georgia will ensure the branding of the whole exhibition, starting from incomes and ending with pavilion halls. The exhibition covers a space of several kilometers. The exhibition format has various halls on various themes. For example, there will be culture, sustainable tourism, adventure tourism, and other spaces. We will place special emphasis on all directions. However, the corresponding private sector, together with us, will engage in a working process to determine how to represent the country. This is a separate project and working process. We have two years ahead of us and, naturally, the working process will start today. Furthermore, we will expose all those competitive products that our country produces”, Mariam Kvrivishvili said.

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As for the winter season, all four ski resorts are in good condition. Snow has covered all resorts, and tourist inflows are growing, Mariam Kvrivishvili noted. “The statistics proves that 50% of tourists repeatedly visit our country, and this is a serious trend for our country. This year has recorded a lack of snow all over the world, including in Georgia, and this was one of the key challenges. Nevertheless, in January, the inflow of international travelers increased by about 20%, while the tourist visits grew by 19%. All four ski resorts are covered by snow, and the infrastructure is ready to host many more tourists. We have already visited Svaneti, where an unprecedented growth in tourists’ inflows is seen, fortunately for the countries, where we have carried out and continue active marketing campaigns. There are many tourists in Goderdzi, Bakuriani and Gudauri resorts. This trend will grow further. At this stage, everything is in order. We have good weather conditions. We have great infrastructure that will be able to host many more tourists”, Kvrivishvili noted. As instructed by the Prime Minister, a special working group was established that has improved traffic management, transportation, and parking issues at ski resorts, she added. “With the support of the Tbilisi City Hall, in Bakuriani the municipal transport provides free services to neutralize traffic jams. Distribution vehicles have also eased the situation, because we have moved to a specific plan. Patrol vehicles were added to all resorts to ensure a higher degree of security. We have arranged additional parking spaces. For example, in Bakuriani, about 300 new places were added near Didveli, and visitors are able to enjoy parking services free of charge, including at Kokhtagora, in the center of Bakuriani. We have implemented the same project in Gudauri. Naturally, various challenges arise everywhere, but all offices work mobilized to improve the quality of services at ski resorts”, Kvrivishvili said. Water supply problems arose only in one settlement at Gudauri for 2-3 days, not in the whole resort. Holidaymakers were accommodated to nearby hotels, and no tourist has left the resort, as some media agencies spread misinformation, Mariam Kvrivishvili said. “Together with our monitoring groups, we stayed in Gudauri all those days, and we had direct communication with hotels, Lower Gudauri, Upper Gudauri, New Gudauri. Naturally, it’s very bad that for several days, one of these zones could not receive water, however, the government managed to supply water through reservoirs. Therefore, the majority of holidaymakers have not faced water problems in those days. Furthermore, we contacted other hotels and, instead of leaving the resorts, tourists just altered accommodation places. Naturally, distinct hotels have faced regretful reality, but it is an exaggeration to say that tourists have left the resort”, Mariam Kvrivishvili told Business Partner TV program.

At the same time, we see the rise in prices decline, without an overall slowdown in prices by themselves. The 2020 Simultaneously with this process, Macroeconomic international prices of oil products and Parameters and other products have decreased. This External Shocks slowdown in prices will also drive the general downturn. This year we expect the inflation rate to drop below the “With record growth in 2019, the business loans portfolio surpassed the target rate. The figure will be 2%, or even lower, in December 2020”, Otar retail loans portfolio. Nevertheless, Nadaraia said. the burden posed by business loans The annual inflation rate may fall is not troublesome, and it is expected below the targeted rate at the end of to decline in 2020”, TBC Bank Senior 2020, and equal to 2%, Otar Nadaraia Economist Otar Nadaraia told the added. television program Business Partner. Business loans exceeded retail loans in Based on forecasts by international finance institutions and experts, the 2019. Corporate crediting has beaten all records. The loan burden’s growth coronavirus outbreak cannot have a fundamental negative effect on the has been noticed in the business global economy, Nadaraia pointed out. sector, he added. “However, the process remains under As for the 2020 forecasts, developments after the outbreak of control. This is an interesting trend, coronavirus in China will bring serious anyway, and the trend should not challenges to the tourism industry. develop further. We expect business Furthermore, the existing tendencies crediting to be normalized in 2020, will dramatically change trade and the volume will decline”, Otar relations with China, Otar Nadaraia Nadaraia noted, and analyzed inflation trends, and the accompanying concluded. pressure that dramatically increased in 2019. The inflation rate is expected to decrease in 2020, and it may even drop below the target rate at the end of 2020, he added. “Inflation is a real problem, and we know this, but we see the rate of inflation decline. The month on month analysis proves that inflation was low in December, and in January as well. This means that inflation keeps declining. 6 February 10, 2020 #313

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Action Plan by Government’s Economic Team “The year 2019 has seen positive economic results with a 5.2% upturn amid the global economic slowdown. This is the highest figure in our region, but our citizens could not enjoy the real benefits of economic growth because of the high inflation rate”, Beka Liluashvili, the Georgian Prime Minister’s Economic Advisor told the Business Partner TV Program. Under IMF forecasts, Georgia’s economy will grow by about 4.9% in 2020-2024, and this is the highest economic growth pace in the region. The industry and service sectors have played a decisive role in 2019 economic growth. Furthermore, the government has managed to resolve problems with accumulating capital expenditures. Progress was seen in terms of employment too, Liluashvili explained. “For many years, we suffered from problems with the fulfillment of capital expenditures. Now, this indicator has improved, dramatically, and the plan overperformed. Naturally, this is a good trend for economic growth. However, our key message was, and is, related to creating new jobs, and we have made considerable achievements in this regard. In the private sector, the number of employees rose by 4.6%. When talking about the /business and investment environments, we hope that poverty can be overcome through employment”, Beka Liluashvili noted. “As for inclusive growth, according to an unbiased analysis, today the general level of prices represents a short-term economic problem. The National Bank of Georgia (NBG) is following its plan to tackle this challenge. This is one of the key factors, why our citizens could not get the benefits of economic growth in full. Amid the higher than anticipated targeted inflation rate, naturally, people cannot perceive economic growth in full”, Beka Liluashvili said. Inflation will be better regulated in late March, he noted. “We should not fear inflationary trends, because today we have tight monetary policy to maintain an inflation rate closer to the targeted indicator. Moreover, at the end of March, this indicator will get closer to the target rate”, Beka Liluashvili noted. As for 2019’s achievements, the advisor to the Georgian Prime Minister mentioned about 12.4% of export growth, and a 1% import contraction. Furthermore, the country managed to resolve systemic problems such as the reduction of the current account deficit, he added. “Together with a growing tourism industry, the current account deficit contraction was our key achievement in 2019. Based on the current forecast, the deficit will decline by

about 4%. This means that we have resolved one of the systemic problems of the Georgian economy. Meanwhile, thanks to improved administration, the state budget has collected about in 10% surplus revenues. As a result, the year ended with a lower-than-expected budget deficit. This progress enabled us to expand citizens-oriented programs in the 2020 budget. The changes, including to social security, included in the budget, were stimulated by the economic successes of 2019”, Liluashvili said. In this election year, the private sector should have a feeling of stability to make more investments in the economy. The government will do its best to protect business from a feeling of instability in this election year, the Prime Minster’s advisor noted. “In this election year, we should take every effort to open doors for investments, and keep the private sector hopeful and stable, so that the private sector makes more investments and creates more jobs. I mean, not only the domestic private sector, but also foreign business and, in general, the environment of the private sector. I would name several issues that are important in this respect: first of all, naturally, nobody casts doubts on the development of Georgia’s investment climate. Recently, we met with investors in Davos. In the latest survey by Trace International, an international organization dedicated to corruption research that analyzes corruption and bribery risk indicators, Georgia ranks 27th in the world and 18th in Europe. As for the government’s engagement in this field, we rank 6th or 8th in Europe. These are very good indicators in terms of the general business environment. As for specific initiatives, the government plans to make use of those resources in the economy that were not made effective use of, before, or were not employed at all. For example, “the 100 Investment Projects for Business”, under which the government put out state-owned properties for auction. These assets are open for investors, and the business sector is free to make investments. Furthermore, we have recently initiated a new project “the 100 Mineral Mines for Business”. Our objective is to incentivized the investment-making process amid a broader macroeconomic fiscal policy, in not the only real sector, that is, traditional fields of investment, but also in terms of the focus of the portfolio , in terms of securities. This will provide additional opportunities for

wider access to financial resources, and this is a stimulus for developing the international market in the country”, Liluashvili noted. International investors have bought Georgia’s state securities worth about 600 million GEL, which has, as a result, improved the international credit rating of the country, Liluashvili explained. The government has placed emphasis on the development of the capital market, and attracting portfolio investors so that, simultaneously with financial products, the country develops alternative mechanisms for wider access to financial resources. “It is very difficult to make forecasts for the next year, for example, in terms of foreign direct investments, or portfolio investments. I can only hint what we will do what is needed for good indicators. For example, in terms of portfolio investments, today, various international financial institutions and commerce sector representatives have bought in about 600 million GEL in state securities. Almost all auctions raise interest. Foreign investors are seen at all auctions held by the Finance Ministry, and they buy these securities. This trend further aligns with the goal of improving the international sovereign rating of Georgia. You know that we have made progress, raising it to the BB- level, and our objective is to obtain investment rating in the long-term perspective. We have direct communication with portfolio investors. For example, recently, we visited London and met with investors, and we offered our market to them for investment. They expressed a lot of interest, and for example, they are waiting for a new auction next week”, Liluashvili noted.

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Tinatin Samkurashvili: "Lately, the Role of Digital Media in Communication Has Increased" Interview with Senior Consultant at the PR and Marketing Communications Company Gepra, Tinatin Samkurashvili. Tell us about how you got into the field of marketing, and what factors played an important role in choosing this profession? I started working in the PR field (at Gepra) at a very young age. In my fourth year of journalism, I realized that I needed to innovate and develop new skills in myself, so I decided to pursue a PR career. I think PR was the best decision and leap I’ve made in my life, and has led me to my path and career to what it is today. 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? Love for the job, teamwork, a high sense of responsibility - these are the core values that every person needs in every profession. At the same time, the important values of PR people are flexibility and organizational talent, strategic vision and creative, slightly outside the box thinking. It is important to be able to work on several projects or issues at once, to be optimistic, to have confidence and a sense of humor. One word that describes your job. I think what I do, or what I serve, is valuable. What is necessary to establish a successful line of communication with the public? Establishing successful communication with the public requires time and continuous work. The success of an organization is driven by management of one’s reputation, which is a long-term process, achieved by the experience of relationships and positive impressions accumulated over time. An important project that you have implemented in 2019.

We work on many projects throughout the year, both short term and long term, depending on the goals and objectives. I cannot miss out on an advocacy campaign that we have launched to support patients with multiple sclerosis. We have worked very hard to bring patients' voices to the public, and together with the active involvement of the public, the state has taken real steps to help these people. We started a campaign with the message "Together, for each other", and finished the first phase with the motto "Don't shatter hope". The good news is that we have the results: in January, the Tbilisi City Hall decided to fund treatment for people with multiple sclerosis. Our next goal will be for the Ministry of Health to join this initiative to make treatment available to patients in the regions as well. What has changed in the field in the last 5 years, and what changes are expected?

In recent years, the role of digital media in communication has increased. Influencer marketing has already begun, and further development is expected. I think influencers will have to work harder on themselves to stay competitive. It will be important to analyze in detail the results we receive through our different channels of communication. The most useful advice you’ve ever received in your life? There is nothing that can’t be done; the key is to convince yourself that you can do it. Think of a person who inspires you professionally. I don't need to go too far, as Soso Galumashvili (founder of Gepra) and Kakha Maghradze (Gepra's senior partner) play an important role in my professional development. I'm proud to have grown up with them, and still work with them.

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Business News

American Webster University to Open the First Campus in Georgia

Year, Including International Visitors – 523,689, Up 86,471 Ones (Up 19.8%). The Reporting Period Also Recorded 363,614 Tourism Visits, Up 57,675 Visits Year on Year (Up 18.9%).

Webster University will open the first campus in the region on the territory of Silicon Valley Tbilisi, where BTU is located. Campuses of Webster University are also located in countries such as Holland, Austria, Switzerland, and Greece.

Crystal Entering Banking Market Merging with Miso Finca Microfinance organization Crystal is entering the banking market and merges with Bank FInca. The acquirer is Crystal and its shareholders. Negotiations on the reunification process are in an active phase. As the Chairman of the Supervisory Board of Crystal told Business Partner, the goal is to expand and strengthen the bank. enliven small and medium enterprises. The investment is carried out as part of “the Opportunities for Female Entrepreneurs” program, which is the global initiative of IFC and Goldman Sachs Foundation in support of female entrepreneurs.

BAG Representatives Meet with IMF Mission At the meeting, the parties discussed Georgia’s economic challenges, including how the GEL exchange rate affects the Georgian business and energy industry.

Construction of Wine Village Started in Kvareli

Kutaisi Plant to Sell First E-Cars in August 2020

In the specific viticulture zone, "Kindzmarauli" in Kvareli, wine village construction has already started. The price of the investment is $3.5 million.

The Kutaisi E-Cars Plant will start sales of its electric cars in August 2020. At this stage, the plant designing works are being finished. Engineering communications have been extended to the territory. The company has already bought a production line and ordered part of materials. The construction works will start in the near future. January Records 19.8% Rise in Inflow of International Visitors

Construction of 14.5 Million Worth Poti Sports Complex is Underway The Municipal Development Fund of the Ministry of Regional Development and Infrastructure of Georgia is implementing the project for the construction of a multifunctional sports complex and swimming pool in Poti. The cost of the European Investment Bank-funded project is equal to GEL 14.5 million. Bank of Georgia Signs a 100 million GEL Loan Agreement with International Finance Corporation Bank of Georgia (BOG) and the International Finance Corporation (IFC) have signed a 100 million GEL loan agreement with a 5-year maturity. The GEL-denominated financial resources are to

As Reported by the National Tourism Administration, in January 2020, a Total of 633,201 International Travelers Arrived in Georgia, Up 19.8% Year on

VISA Company and Vendoo Sign New Agreement on Cooperation Under the memorandum, in 2020 customers will be able to engage in various campaigns adapted to their interest. Namely, under the signed agreement, 1000 unique customers having paid 100 and more GEL by VISA card will receive 50 GEL vouchers. During 5 weeks, every week one winner will be named with the most numerous payments by VISA card and they will receive 500-GEL voucher from Vendoo. Underground Trash Bins to Be Installed in Tbilisi in April Underground trash bins on Chavchavadze Avenue will be installed in April. Romeo Mikautadze, head of Tbilservice Group, said about it. According to Mikautadze, installing such garbage bins will help the company save both financial and human resources.

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11 February 10, 2020 #313 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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