NEWSLETTER

October – December 2015

EU-Georgia Business Council (EUGBC) 1

CONTENT

EUGBC Events EUGBC Meeting with Tbilisi City Court 2

EUGBC Meeting with Supreme Court of Georgia 2 Meeting of EUGBC Board of Directors 2 EUGBC organized Georgia-Netherland Business Forum 3 Visit of the Georgian Business Delegation to the Kingdom of Netherlands, Georgia-Netherlands Business Forum 4 Poland-Georgia Business Forum was held in Tbilisi 5 Meeting with Lloyd’s Register Quality Assurance (LRQA) 5 One more Affiliated Member Joined EUGBC 5 Four New Members Joined EUGBC 5 EUGBC site visit to Pasha Bank 7 First meeting of Investors Council held in Tbilisi 7 EUGBC Members Meeting with Mr. Dimitry Kumsishvili, Minister of Economy and Sustainable Development of Georgia 8 EUGBC took part at International Conference in Moldova 8 EUGBC took part at the Regional Diaspora Economic Forum 9 EUGBC Meeting with DoW Europe 9 EUGBC SG Met with the Minister of Minister of Economy and Sustainable Development of Georgia 10 EUGBC held site Visit to Borjomi Bottling Plant No.1 10 Cooperation between European Union and Georgia Meeting with Mr. Johannes Hahn, Commissioner for European Neighourhood Policy and Enlargment Negotiations 11 EUGBC members meeting with the newly appointed Ambassador of Kingdom of the Netherlands to Georgia, Mr. Jos Douma 11 EUGBC Board members and Managemnet held a meeting with Diplomats 11 EUGBC Member’s News BDO Georgia is changing the office location 12

BP – South Caucasus Expansion (SCPX) project activities are progressing with a great pace across Georgia 13

Ltd. Polimeri Certificates 16

Oriflame Georgia – 15 years of Seccess&Grand opening of New Business Cemter 17 Silknet – Press Release 19

EU-Georgia Business Council (EUGBC) 2

EUGBC Events

EUGBC Meeting with Tbilisi City Court

EUGBC Secretary General Mr. Zviad Chumburidze and

BAG Executive Director Mr. Irakli Aslanishvili held a

meeting with Mr. Mamuka Akhvlediani, Chairman of the

Tbilisi City Court. The meeting was held on December 8.

The meeting was attended by the members of Chamber

of Administrative cases as well as Chamber of Civil

cases.

Both sides exchanged information of their interest. Parties

agreed to organize broader meeting with the involvement

of business community, which will serve as good practice

of cooperation between the business community and the

judicial branch of Georgia.

EUGBC Meeting with Supreme Court of Georgia

EUGBC Secretary General Mr. Zviad Chumburidze held a meeting with

Ms. Mzia Todua, Deputy Chairperson, Chairman of the Chamber of Civil

Cases, Supreme Court of Georgia and Mr. Mikheil Chinchaladze, Deputy

Chairperson, Chairman of the Chamber of Administrative Cases,

Supreme Court of Georgia. The meeting was held on December 18th.

The meeting was attended by the members of Chamber of

Administrative cases as well as Chamber of Civil cases of the Supreme

Court.

Both sides exchanged information of their interest. Parties agreed to organize broader meeting with the involvement of

business community, which will serve as good practice of cooperation between the business community and the judicial

branch of Georgia.

EU-Georgia Business Council (EUGBC) 3

Meeting of EUGBC Board of Directors

EUGBC Board of Directors held a meeting in Brussels on

November 26th. At the meeting were reviewed EUGBC

activities and achievements in 2015. The Board members

also received information about planned projects during

2016.

EUGBC organized Georgia-Netherlands Business Forum

EUGBC organized Georgia-Netherlands Business

Forum on November 24th in the Hague. Business

Forum „Trade and Business with Georgia‟ involved

about 107 European, as well as Georgian

companies.

The visit of the Georgian Business Delegation to the

Netherlands was held in close cooperation with the

Georgian Embassy to the Kingdom of Netherlands,

CBI (Centre for the Promotion of Imports from

developing countries), PUM Netherlands senior

experts and Netherlands Council for Trade Promotion

(NCH),supported by EUROCHAMBRES (the

Association of European Chambers of Commerce

and Industry).

The participating Georgian companies will took part in the Georgia-Netherlands Business

forum and EUGBC Expo & Economic Photo Exhibition. Site visits of the Georgian

companies and B2B meetings were arranged as well. Note: EUROCHAMBRES has secured

the extension of the East Invest 1 contract until August 2017. The main purpose was to

install the SME Roadshow Facility to allow the companies (SMEs) from the Eastern

Partnership region to explore business opportunities with the EU and also to promote the

region with the European business community. The Facility has successfully supported the

organization of a business delegation visit from Georgia to the Netherlands.

EU-Georgia Business Council (EUGBC) 4

The Business Forum had provided an excellent

opportunity for interested Dutch companies and

potential investors to gain insight in the

business climate and investment opportunities

that Georgia offers, particularly after signing of

Association Agreement and Deep and

Comprehensive Free Trade Area (DCFTA) with

the EU. Additionally during the forum

participants had been informed from the Dutch

side about export promotion tools and ongoing

and future projects with Georgia.

EUGBC Expo & Economic Photo Exhibition and B2B Platform took

place following the Business Forum. The event has exposed and

promoted Georgian business companies and their products & services

towards potential partners. The B2B platform encouraged direct

contacts with the Dutch counterparts.

Following the Business Forum and EXPO, EUGBC organized visits of

Georgian SME‟s from Agribusiness and Tourism sectors. The visit

intended to get Georgian side acquainted on Dutch Experience in

approximation to EU standards, latest Technologies regarding the „In

House‟ Technology; cultivation and technique innovations, as well as

knowledge on managing tours and hotels, travel agency marketing.

Visit of the Georgian Business Delegation to the Kingdom of Netherlands, Georgia-Netherlands Business Forum

On November 23-24, 2015 EU-Georgia Business Council (EUGBC) in close cooperation with the Georgian Embassy to

the Kingdom of Netherlands, CBI (Centre for the Promotion of Imports from developing countries), PUM Netherlands

senior experts and Netherlands Council for Trade Promotion (NCH), supported by EUROCHAMBRES (the Association of

European Chambers of Commerce and Industry) organizes visit of the Georgian Business Delegation to the Kingdom of

Netherlands. The participating Georgian companies will take part in the Georgia-Netherlands Business forum and

EUGBC Expo & Economic Photo Exhibition. Site visits of the Georgian companies and B2B meetings will be arranged as

well. Note: EUROCHAMBRES has secured the extension of the East Invest 1 contract until August 2017. The main

purpose was to install the SME Roadshow Facility to allow the companies (SMEs) from the Eastern Partnership region to

explore business opportunities with the EU and also to promote the region with the European business community. The

Facility has successfully supported the organization of a business delegation visit from Georgia to the Kingdom of

Netherlands.

The Business Forum will provide an excellent opportunity for interested Dutch companies and potential investors to gain

insight in the business climate and investment opportunities that Georgia offers, particularly after signing of Association

Agreement and Deep and Comprehensive Free Trade Area (DCFTA) with the EU. Additionally during the forum

participants will be informed from the Dutch side about export promotion tools and ongoing and future projects with

Georgia. Expo & Economic Photo Exhibition and B2B Platform, which will take place right after the Business Forum aims

EU-Georgia Business Council (EUGBC) 5

at exposing and promoting Georgian business companies and their products & services and will encourage direct

contacts with the Dutch counterparts. Pending the site visits Georgian SME‟s from Agribusiness and Tourism sectors will

learn about Dutch Experience in approximation to EU standards, latest Technologies regarding to In house Technology;

cultivation and technique innovations, as well as knowledge on managing tours and hotel, travel agency marketing.

23 Georgian companies from Agribusiness and Tourism sectors will take part in the activity. We are happy to present

the Catalogue of participating Georgian SMEs http://eugbc.net/?page_id=29814

Poland-Georgia Business Forum was held in Tbilisi

Poland-Georgia Business Forum with focus on agriculture was organized on

November 18 in Tbilisi. EUGBC member companies took part in the forum.

EUGBC Senior Adviser Valerian Gvalia and EUGBC Regional

Represrntative Tamaz Turmanidze held B2B meetings with participants of

the forum.

Meeting with Lloyd’s Register Quality Assurance (LRQA)

On November 17, EU-Georgia Business Council (EUGBC) organized

meeting with Lloyd‟s Register Quality Assurance (LRQA). Lloyd‟s

Register is the world‟s leading provider of independent assessment

services including certification, validation, verification and training across

a broad spectrum of standards and schemes. Representative of Lloyd‟s

Register informed participants on the significant changes of the two most

popular and recently revised ISO 9001:2015 and ISO 14001:2015

international standards and on the impact of these changes for certified

organizations.

Around 100 Companies attended the meeting.

One more Affiliated Member Joined EUGBC

One more Affiliated Member joined EU-Georgia Business Council. The Shavlego children‟s folk

dance company was established in Tbilisi in 1976 at public school No.139. Since its founding, the

studio has been an active participant at cultural events in Georgia and abroad, traveling to

France, Germany, Spain, Greece, Hungary, Slovakia, Egypt, Israel, Turkey, and CIS countries.

The studio has been awarded many prizes and certificates at folk festivals and competitions and

always gives a stunning performance. http://shavlego.com/

Four New Corporate Members Joined EUGBC

EUGBC is happy to inform that for the last 6 months following four Companies joined EUGBC as Corporate Members:

EU-Georgia Business Council (EUGBC) 6

NUTRIMAX, “Agro Trading Georgia” successfully operating in Georgian market since 2009

and its purpose is providing small and medium range farmers‟ animals and poultry with the

highest quality feed, feed additives and support with modern feeding methods as well. The

consumers of “Agro Trading Georgia” are small, medium and large-range farmers. To make

their business successful is our main purpose. We offer to farmers compound feeds, as well as

the best quality premixes and concentrates for growing poultry and cattle for effective

agricultural purpose, they also have the opportunity to receive free consultations in order to

improve their productivity. Our company is constantly striving to maintain close contact with the

young people, who are in the field of veterinary or zoo-technical branch in order to get acquire

knowledge, help them to find their place and to maximize their own

potential. http://agrotrading.ge/

Georgian Industrial Asset Management Group, LLC Georgian Industrial Asset

Management Group was established in August 2011. The company’s main scope of

activities is in concentrated fruit juice production. The main emphasis is on mandarin citrus.

The production plant is situated in the town of Kobuleti. The company also owns the

warehouses and the land located on the factory territory. Until now, the company has received

12,185,158 tons of raw materials (mandarin), produced 907,452 ton of mandarin JC and

1,505,689 ton of mandarin puree. The company has also produced juice concentrate and

purees of plum. Our company also exports freshly packed fruits. The company‟s staff

represents a highly qualified, effective and experienced team. The total number of employees

is 60 persons. It should be noted that the proximity of our facilities to the sea port, railway

stations and transit roads contributes to the timely and effective delivery of

products. www.giam-group.ge

Polimeri 1 LTD, This company founded in 1985. The manufacture has renewed wholly with

modern technology equipped machines in 2013. We produce polyethylenetubes for drinking

water and for gas main lines from d-20mm till d-630 from 5 to 30 atmospheric pressure. We

can reprocess 500-700 tons of polyethylene granules monthly. We were awarded of

Certificate ISO 9001:2008 in 2013. Amiran Adeishvili leads the company from

1985. http://www.polimeri1.ge/

Carriage Building Company, L.T.D. “Carriage-Building Company” was established

in 2005. It is located in Rustavi city, 3KMs. from the capital Tbilisi. Through its new

technologies and compatibility the factory shows absolutely new

abilities into railway transport renovation field. Actually, the new factory is a

successor of JSC “Railway Carriage-Building Factory,” which possesses many year

experiences not only in passenger carriage building, but also in freight carriage

building business.

Since the day of foundation, Rustavi “Carriage-Building Company” has been making and modernizing different types of

carriages, according to current demands. The company became able to work out a new conception of building trains.

Building of the Georgian-Chinese (VMK) series train was started, in which more, than 60%-s of annual Georgian

EU-Georgia Business Council (EUGBC) 7

carriage-builders were involved. The Georgian-Chinese joint construction is made through modern design, so that it

meets the most contemporary requirements. Being 25-th model of 5-th generation of passenger train, with 130KM/H, is

considered to be one of the finest and tremendously comfortable transports. From 2010 Rustavi “Carriage-Building

Company” is planning building as passenger trains, likewise Freight carriages of new generation. This will breathe a new

life to railway vehicle industry and renovation around the country. Manufactory will simultaneously continue

modernization of every type of mobile staff; doing capital repairs and other kind of works . . . New (EMV) train has

already been presented at Middle East, Azerbaijan, Armenian, and Ukrainian railway owners. They became deeply

interested into “Carriage-Building Company” and are looking forward to ordering analogous train for their

countries. http://elwagon.ge/rustavi/

EUGBC site visit to PASHA Bank

Within the scope of EUGBC regular “Site Visits” long-term

project, PASHA Bank Georgia hosted representatives of

Diplomatic Corps accredited in Georgia on November 4th.

PASHA Bank is a regional corporate and investment bank

serving large and medium enterprises in Azerbaijan, Georgia

and now already in Turkey.

PASHA Bank, being an active member of EU-Georgia

Business Council (EUGBC), gladly agreed to host a site visit

organized by the EUGBC. The representatives of Embassies

from Italy, Greece, Turkey, Latvia, Poland, Iran, Bulgaria and

Netherlands.

Among the discussed topics were the Bank‟s activities regarding the involvement in the recent international

Telecommunication Meeting in Georgia, business conference in Brussels, Caspian Energy Forum and other business

related gatherings that were sponsored by PASHA Bank.

The presentation was followed by Q & A session.

First meeting of Investors Council held in Tbilisi

The first Investors Council meeting was held in Tbilisi on

29 October, 2015. Potential foreign investors learned about

the benefits they could receive if they put their money into

Georgia.

The Investors Council meeting was attended by state officials, members of the local business sector and representatives of the European Bank for Reconstruction and Development (EBRD).

EUGBC SG Zviad Chumburidze also attended the

meeting.

EU-Georgia Business Council (EUGBC) 8

EUGBC Members Meeting with Mr. Dimitry Kumsishvili, Minister of Economy and Sustainable Development of Georgia

On October 26, 2015 EUGBC organized EUGBC members meeting with Mr. Dimitry Kumsishvili, the Minister of

Economy and Sustainable Development of Georgia.

The meeting was held at TBC Bank Head office and was attended by 25 EUGBC member business companies as well

as the EUGBC management.

EUGBC Secretary General Mr. Zviad Chumburidze and Mr. Badri Japaridze, First Vice Chairman of EUGBC Board (Co-

Founder of TBC Bank and the Vice Chairman of Supervisory Board of IDS Borjomi) welcomed the attendees.

During the meeting Mr. Kumsishvili spoke about the important outcomes of the Ministry made for the last three years.

Issues related to the business, upcoming business forums, investment climate of the country were also discussed.

According to the Minister, promotion of the business sector of the country is the most important task for the Government.

The meeting was followed by Q/A.

EUGBC took part at International Conference in Moldova

On behalf of EUGBC, Senior Adviser to the Secretary General Mr. Valerian Gvalia took part at the International Conference “Making the most of DCFTA. The event was held Chisinau, Moldova on 22-23 October.

Mr. Gvalia addressed participants of the conference from the Panel External Assistance for SMEs to meet requirements of DCFTA and accessing EU markets and talk on EUGBC experience and projects in this respect.

The panel was moderated by Mr. Ian GRANT – Senior Adviser to EAP Governments and Commission Services

Panelists: Mrs. Speranta OLARU – Project Manager, Delegation of the European Union to the Republic of Moldova;

Mr. Valerian GVALIA – Senior Adviser to the Secretary General of EU-Georgia Business Council (EUGBC);

Ms. Tina GOLFI – Team Leader, EC Project “Support to Government of Moldova in preparation and negotiation of the

Deep and Comprehensive Free Trade Area (DCFTA) Process”; Mrs. Marina ISMAILA – Senior Banker| Regional Head

for SME Finance and Development, Ukraine, Moldova, Belarus, European Bank for Reconstruction and Development;

EU-Georgia Business Council (EUGBC) 9

Ms. Stephanie CHETRARU – General Development Officer, USAID Country Office to Moldova;

Mrs. Iulia IABANJI – General Director, ODIMM Moldova.

EUGBC took part at the Regional Diaspora Economic Forum

On October 13th EUGBC Secretary General Mr. Zviad

Chumburidze took part at the Regional Diaspora Economic

Forum held in Tbilisi. Within the framework of the event

Memorandum of Understanding between the State

Ministers‟ Office for Diaspora Issues and EU-Georgia

Business Council was signed.

Regional Diaspora Forum brought together a wide range of participants – the heads of regional Diaspora organizations,

prominent academic circles, successful Diaspora entrepreneurs and investors from abroad, government officials and

private sector representatives, international and non-governmental organizations. Participants discussed resolution of the

most important challenges of transition and economic reconstruction of the region through mobilizing considerable

Diaspora resources in support of the home Economy, ensuring that a good portion of the entire envelop for the benefit of

the homeland.

Panel discussions held to identify Diaspora initiatives for reaching concrete goals for formulating effective, sustainable

strategies for accomplishing tangible results.

EUGBC Meeting with DoW Europe

On October 7th , 2015 EUGBC Secretary General Mr. Zviad Chumburidze held a meeting with Mr. Arthur Eritspokhov,

General Director Russia & CIS countries of DoW Europe GmbH.

The meeting was attended by EUGBC Project Director Mr. Giorgi Kacharava and EUGBC Senior Adviser Mr. Valerian

Gvalia.

Both sides presented their activities and outlined their fields of interest.

EU-Georgia Business Council (EUGBC) 10

EUGBC Meeting with Minister of Economy and Sustainable Development of Georgia

On October 9th, 2015 EUGBC Secretary General Mr. Zviad Chumburidze held a

meeting with Mr. Dimitry Kumsishvili, Minister of Economy and Sustainable

Development of Georgia.

The meeting was attended by EUGBC Project Director Mr. Giorgi Kacharava

and EUGBC Senior Adviser Mr. Valerian Gvalia.

At the meeting EUGBC Secretary General informed Minister on EUGBC goals

and objectives, as well as on the series of Business Forums which are planned

to be held in the coming months in Europe and in the Region.

EUGBC held Site Visit to Borjomi Bottling Plant № 1

EUGBC organized Site Visit to IDS Borjomi owned Borjomi Bottling Plant № 1 on October 8. The visit was held in the

scope of EUGBC Regular Site Visits project. EUGBC visits to its member companies in order to promote trade potential

of the companies and rase awareness of Diplomats on the business opportunities in Georgia.

At the visit took part Ambassadors and Trade Officers from several embassies, as well as journalists and other

representatives of the Media.

The IDS Borjomi Deputy CEO introduced activities of the company and its future plans to the invited guests.

EU-Georgia Business Council (EUGBC) 11

Cooperation between European Union and Georgia

Meeting with Mr. Johannes Hahn, Commissioner for European Neighbourhood Policy and Enlargement Negotiations

EU Commissioner for European Neighborhood Policy and Enlargement Negotiations, Mr. Johannes Hahn visited Georgia in the framework of the 6th Eastern Partnership Informal Ministerial Dialogue throughout 25-28 November 2015. In the margins of the visit, on November 27 Commissioner Hahn held a meeting with the representatives of Business Associations. EUGBC Project Director Giorgi Kacharava took part in the meeting. The meeting provided an opportunity to discuss the state and challenges of the business situation of Georgia

EUGBC Members Meeting with newly appointed Ambassador of Kingdom of the Netherlands to Georgia, Mr. Jos Douma

On October 21, 2015 EUGBC members meeting with the newly appointed

Ambassador of the Kingdom of Netherlands to Georgia, Mr.Jos Douma

was held at EUGBC office. The meeting was attended by EUGBC member

companies as well as the EUGBC management. Mr. Zviad Chumburidze,

the EUGBC SG welcomed H.E. Mr. Jos Douma.

During the meeting issues of bilateral cooperation in the wider EU context,

as well as the upcoming EUGBC Business Forum to be held in the Hague

in November 24, 2015 were discussed. The meeting was followed by Q/A.

EU-Georgia Business Council (EUGBC) 12

EUGBC Board members and Management held a meeting with Diplomats

On 20th of October 2015, EUGBC Board members and

Management held a meeting with Diplomats responsible on

Economic issues. The purpose of the meeting was to inform

invited Diplomats on EUGBC Action Plan for 2015-2016,

particularly on planned Business Forums „Trade and Business

with Georgia‟. At the meeting were discussed prospects of

bilateral cooperation of EUGBC with the business community

representatives of different countries having business interests in

Georgia.

EUGBC Members’ News

BDO Georgia is changing the office location/ბიდიოს

თბილისის ოფისი ახალ მისამართზე გადადის მოხარული ვართ, გაცნობოთ, რომ მიმდინარე წლის 14 დეკემბრიდან „ბიდიო საქართველოს“ თბილისის ოფისი

იცვლის ადგილმდებარეობას.

აღნიშნული ცვლილება ხაზს უსვამს ბიდიოს სტრატეგიულ მიზანს, რომ შექმნას გამორჩეულად კომფორტული

სამუშაო გარემო ბიდიოს თანამშრომლებისთვის, რათა მათ ასევე გამორჩეული ხარისხის მომსახურება გაუწიონ

პარტნიორებსა და კლიენტებს.

EU-Georgia Business Council (EUGBC) 13

ჩვენი ახალი მისამართია: თარხნიშვილის ქ. 2, ვერე ბიზნეს ცენტრი, 0179 თბილისი.

სხვა საკონტაქტო ინფორმაცია რჩება უცვლელი:

ტელეფონი: +995 32 254 58 45

ელ-ფოსტა: bdo@bdo.ge

მოხარული ვიქნებით, გიმასპინძლოთ ჩვენს ახალ ოფისში!

South Caucasus Pipeline Expansion (SCPX) project activities are progressing with a great

pace across Georgia

Important part of BP’s and its partners’ contribution to Georgia is supplying gas from the South Caucasus

Pipeline for domestic use, which provides great value to the country. Our major current focus is on the expansion

of the South Caucasus pipeline project in Georgia. With development of the Shah Deniz 2 gas reserves in the

Caspian Sea, the South Caucuses pipeline will be expanded, increasing gas supply and adding employment. In

Georgia 2 compressor stations are being built, each bigger than 50 football pitches, 62 km of additional pipe is

being layed from the border of Azerbaijan and we continue building a new gas metering station to connect with

TANAP at the Turkish border. Georgia will benefit as a recipient of Shah Deniz Stage 2 gas, but also directly

from the South Caucasus Pipeline expansion project construction and subsequent operations. The project is

expected to provide USD 2 billion in foreign direct investment to the country. Some 20% of the capital

expenditure is planned to be spent on goods and services provided by local suppliers. Around 350,000 metric

tonnes of materials are being transited through Georgian ports and railway. More than 2500 jobs are already

created on construction projects. Following the start-up over 100 additional staff will be required to operate

these new facilities for decades to come.

Today in Georgia SCPX activities are progressing with a great pace across the country. The first shipment of line

pipe was successfully delivered to Poti port in November 2014. All of the line pipes and some of the valves

have now arrived in country. Preparation of the pipeline construction route, stringing of pipes and welding

activities are progressing well.

We continue civil works and construction of permanent and temporary facilities at the Compressor Station 1 site

in Gardabani including warehouse and accommodation camps on site. We have done extensive civil ground

preparation and major pieces of equipment - 4 compressors, gas turbine drivers and 2 gas turbine generators are

now installed.

At the same time site civil works are underway in support of compressor station 2 site high in the mountains near

Tsalka. An accommodation camp has been constructed for workers, a road built to the compressor station 2 site,

and extensive civil works are underway. Excavation works for compressor foundation have commenced. In

addition, near Akhaltsikhe, civil works have commenced on the new metering stations at the Turkish border.

EU-Georgia Business Council (EUGBC) 14

As the SCPX project activities unfold the project continues to bring benefits locally. Today more than 2500

people are employed on SCPX project with more than 75% Georgian citizens.

The Southern Gas Corridor including Shah Deniz Stage 2, South Caucasus Pipeline Expansion projects in

Azerbaijan and Georgia, Trans Anatolian Natural Gas Pipeline and Trans Adriatic Pipeline projects comprise

one of the largest and most complex endeavours in the history of the energy industry. The suite of projects

requires cooperation and long-term relationships between 11 companies, seven governments and 11 wholesale

gas buyers.

Shah Deniz Stage 2 is expected to provide 16 billion cubic meters per year of gas to millions of consumers in

Georgia, Turkey, Greece, Bulgaria and Italy. This is enough gas to meet the needs of every capital city along the

Southern Gas Corridor − more than twice over. Six billion cubic meters will be supplied to Turkey, and 10

billion cubic meters of gas will go to Europe.

EU-Georgia Business Council (EUGBC) 15

EU-Georgia Business Council (EUGBC) 16

EU-Georgia Business Council (EUGBC) 17

Polimeri 1

EU-Georgia Business Council (EUGBC) 18

ORIFLAME GEORGIA - 15 YEARS OF SUCCESS & GRAND OPENING OF

NEW BUSINESS CENTER

Oriflame Georgia – 15 years of success and grand opening of

new business center November 20, 2000, representatives of the company visited Georgia and

officially opened the "Oriflame Georgia", therefore one more country joined to

the great network of its representatives. It was a real innovation in the market,

the whole country was infected with the "Oriflame" disease. Gradually, the

company has established itself in the country, has reached a high level of

development and has become one of the most successful regions, therefore, the

executive directorate has decided to invest in the further development of the

country, and in 2008 in Tbilisi began construction of the company's own, the

huge warehouse, which currently represents the building equipped with

modern equipment and specialists. In 2009 the company opened a new, modern

service centre, opening of which was also attended by representatives of the

company's head office from Stockholm. Today this is the place where the

company offers its customers and business partner cozy, comfortable free working space, with all the necessary equipment and conditions.

2012 was a significant year in the history of the company, as "Oriflame Georgia" became a regional distribution centre in the Caucasus.

Oriflame Georgia follows the company's global trend and carries an annual charity project, aimed at education of children.

The company is proud of its achievements, and plans to appear before its customers and business partners with the more perfect, more flexible,

effective and attractive offers in the future.

In 2015, "Oriflame Georgia" celebrated the 15th anniversary. This year was special for the company, it was full of bright and pleasant emotions,

unforgettable events and dizzying journeys. over 15 years, thousands of people have decided to cooperate with the company to improve their

financial situation and living conditions. They were given an opportunity to receive additional income in a stable, perspective and growing

company. Many people became loyal consumers of Oriflame products, which meets the highest quality standards. The company thanks for this

success its customers, consultants, leaders and partners. Togetherness, Spirit and Passion are core values, that help company and its partners with

personal growth, with achieving the goals and winning the love of the consumers.

On his birthday Oriflame Georgia introduced another marvelous news, which is called by

representatives of the company of a new era in its life. On November 20 the company opened a

new business center. From now on, loyal customers and partners of the company can visit it to

the new address, where they will be host by a service center with modern interior and

equipment. Company officials said that the building was invested half a million euros and

promises that this space provides the maximum comfort in order that customers and business

partners from the moment of entrance appear in a pleasant and convenient working

environment. New location is placed on D. Agmashenebeli ave. #61, in a “Meidan Group”

business center building.

Especially for this event Swedish top management from the company head office visited

Tbilisi. The grand opening was attended by embassies, government and diplomatic

representatives, non-governmental organizations and the company's business partners.

The company is proud of its achievements and and plans to prepare more sopisticated,

flexible, attractive offers in the future for its customers and business partners.

15 years of success - this is just the beginning!

EU-Georgia Business Council (EUGBC) 19

Oriflame in brief Founded in 1967 by two brothers, Oriflame is now an international beauty company selling direct in more than 60 countries worldwide. Its

wide portfolio of Swedish, natural, innovative beauty products are marketed through a sales force of approximately 3.6 million independent

consultants, who together create annual sales exceeding some €1.5 billion.

Oriflame offers the leading business opportunity for people who want to start making money from day one and work towards fulfilling their

personal dreams and ambitions through its unique business concept - Make Money Today and Fulfil Your Dreams Tomorrow™.

Respect for people and nature underlie the company’s operating principles and are reflected in its social and environmental policies. Oriflame

supports numerous charities worldwide and is a Co-founder of the World Childhood Foundation. Oriflame Cosmetics is listed on the Nasdaq

OMX Nordic Exchange.

Togetherness, Spirit and Passion are the three fundamental values of Oriflame. Trusting these values we feel confident that we can succeed in a

competitive business while at the same time help make the world a better place.

Oriflame’s brand promise Your Dreams – Our Inspiration™ is deeply rooted in the history and heritage of our company. Throughout our 45-

year history, we have always been committed to inspiring and offering people an opportunity to achieve their dreams through our unique

business concept.

Brief facts

• 1.5 billion Euros in annual sales

• Approx. 3.6 million Consultants

• 7900 employees

• A product range of approximately 1000 cosmetics products.

• Co-founder of World Childhood Foundation.

• Global R&D Centre with more than 100 scientists

• 5 own production units in Sweden, Poland, China, Russia and India

• Listed on the Nasdaq OMX Exchange since March 2004

• Products based on natural ingredients

• Operations in more than 60 countries of which 11 franchisees

For additional information, please contact: Sophio Burdzgla,

PR & Marketing specialist, Event coordinator Oriflame Georgia

Mob.: +995 577 342244 Sophio.Burdzgla@oriflame.com

www.oriflame.ge

EU-Georgia Business Council (EUGBC) 20

SILKNET

PRESS RELEASE

December 22, 2015

The largest Georgian telecommunications company, JSC Silknet and the news media giant Turner Broadcasting

reached an important deal which solidifies Silknet's licensing rights to resume broadcasting of Turner's premiere

TV channels such as CNN international, Cartoon Network and Boomerang on Silk TV.

The license agreement authorizes Silk TV to provide these premium Turner channels to its residential,

commercial and hotel subscribers through Silk TV's basic tier package.

"We worked tirelessly with our counterparts at Turner Broadcasting to insure that the deal was done right before

the holidays, because we, at Silknet believe that the return of CNN international, Cartoon Network and

Boomerang on Silk TV is invaluable for TV lovers of all different demographics in Georgia, from our young

audience and their parents looking to be entertained by Cartoon Network to the fans of CNN international

interested in the latest world news and global business insights" said CEO of Silknet Levan Buchukuri. Mr.

Buchukuri further added that Silknet and CNN have plans for joint marketing and co-branding targeted to

broaden the audience for CNN and other Turner products in Georgia. The joint marketing and co-branding is

expected to appear on Silk TV sometime in spring of 2016.

ABOUT SILKNET

JSC Silknet is the leading telecommunications service provider in Georgia offering residential, enterprise and

wholesale telecommunications products including fixed broadband, TV, and fixed telephone services. With 46%

of broadband markets share and wide range of internet technologies to deliver even in remote areas, Silknet

makes internet more affordable in the country. As a result of unique features and TV content, Silknet has gained

46% of IPTV market in Georgia.

Telecom Italia’s New PoP To Improve Georgia’s Access To Broadband Internet November 17, 2015 86 Views

TI Sparkle, the International Services arm of Telecom Italia Group, announces the expansion of its Global

IP Backbone with a new IP PoP in Tbilisi, Georgia. This strategic development is also in accordance with

Georgia’s main ISP Silknet’s vision of improving broadband internet access in the region.

Located in a carrier neutral Data Center, this new point of presence will represent the first Tier-1 PoP in the

Caucasus Region and will address the increasing demand of Tier-1 IP Transit service not only from underserved

Caucasus and Caspian Regions but also from Middle East and Central Asia through Silknet’s and Turkcell

Superonline’s fiber networks connecting the Tbilisi PoP to TI Sparkle’s IP Global backboneSeabone.

The Tbilisi PoP is the result of a trilateral partnership between Global Service Provider TI Sparkle, Georgia’s

main ISP Silknet and Turkey’s leading Network Provider Turkcell Superonline. Once launched, the new PoP

will be interconnected to TI Sparkle’s Seabone Global IP backbone through Istanbul and Frankfurt via

diversified terrestrial routes and it will transform Tbilisi into a regional telecommunications hub by ensuring full

redundancy.

EU-Georgia Business Council (EUGBC) 21

The new Tbilisi PoP will meet the demand from major ISPs, fixed and mobile operators, content and CDN

players increasing TI Sparkle’s Global IP Backbone capillarity in East Europe. The Tbilisi PoP will further

improve the performance of TI Sparkle’s Global IP Transit Service Seabone offered to ISPs, OTTs, Content and

Service providers in the region and at the same time will provide eyeballs with an overall higher Internet

experience.

Seabone ranks among leading IP networks in Europe, #1 in Latin America and in the Mediterranean. While

consolidating its global role, Seabone is strengthening its regional positioning globally and especially in Africa

and Asia where it has reached leading positions.

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