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1. PRIVATE ENTITY BOUGHT “ROAD POLICLINIC” AND “MATERNITY CENTER – FUTURE”
   (Daily News: March 28, 2012)

   Private individual Tengiz Gagua acquired LLC Road Policlinic and LLC Maternity Center – Future for 1.25 million lari.

   Starting price of these objects, located on the same address in Tbilisi (Tevdore Mgvdeli St. 11) and offered in one lot, was 1.2 million lari.

2. “TELASI” HAS NEW HEAD
   (Daily News: March 28, 2012)

   JSC TELASI (Tbilisi energy distributor) announced that the company’s supervisory board made decision to appoint Ashot Manukyan as director general of the company.

   Since February 2011, Manukyan occupied office of director general in Armenian open joint stock company Razdan Energy Company (Razdan heat power station).

3. WB ALLOCATED $60M FOR KAKHETI DEVELOPMENT
   (Daily News: March 28, 2012)

   The World Bank allocated lax credit of $60 million to Georgian government for implementation of development project in Kakheti region. Credit duration is 28 years, with grace period of 7 years.

4. REALTY OF 301 SQUARE M IN TBILISI IS OFFERED ON SALE FOR 850,000 LARI
   (Daily News: March 27, 2012)

   Ministry of Economy and Sustainable Development sells real property in Tbilisi for 850,000 lari. The matter concerns area of 301 square m, located on Vazha Pshavela Ave. 5

   (Saburtalo district), with attached shared non-agriculture land plot.

5. ECONOMIC REGISTRATION ZONE OPENED NEAR TBILISI AIRPORT
   (Daily News: March 27, 2012)

   Finance Ministry reported that economic registration zone Airport, compliant to international standards, was opened in Tbilisi today. Construction of the zone, which is located on the territory of former clearance center near Tbilisi International Airport, was completed within 5 months.

6. Rezonansi: “HOTEL PRICES ARE HIGHER IN GEORGIA THAN IN EUROPE”
   (Economic Press Monitor: March 27, 2012)

   As the article notes, average cost of stay in Tbilisi hotel Radisson Blu Iveria makes up 642 lari per day, while in Tbilisi Marriott – 300 lari. At that, average cost in Warsaw makes up 203 lari, in London – 370 lari, in Moscow – 420 lari and in Sydney – 436 lari.

7. “SILKNET” OFFERED “SMS BOOM”
   (Daily News: March 26, 2012)

   Operator SilkNet announced about launch of SMS Boom, extra service available for subscribers of the company’s mobile service S1, as well as for all tariff packs of wireless fixed CDMA phones.

   After activation of the service, subscriber gets pack of 1,000 SMS, which may be used within 30 calendar days.

8. “TELASI” INCREASES CHARTERED CAPITAL BY 31.28M LARI
   (Daily News: March 26, 2012)

   JSC TELASI (Tbilisi energy distributor) reported on planned growth of chartered capital by 31.28 million lari. Shareholders of the JSC made this decision at extraordinary meeting, held recently.

9. Kviris Palitra: “WHAT CONSTRUCTION SECTOR NEEDS FOR DEVELOPMENT?!”
   (Economic Press Monitor: March 26, 2012)

   Giorgi Kapanadze, director general of construction company Axis, estimates situation in construction sector as post-crisis period. There is not a problem of selling finished apartments, but we have their deficit, he notes.

10. “LIBERTY BANK” INCREASES LENGTH OF WORKING DAY IN SOME OUTLETS
    (Daily News: March 23, 2012)

    Liberty Bank said that 24-hour service is available now in 3 service-centers. Out of them, 2 are located in Tbilisi (Chavchavadze Avenue and Kostava Street) and 1 – in Batumi (King Parnavaz Street).

11. “IRAO MAGNAT GUDIASHVILI” TO CARRY OUT REHABILITATION OF GUDIASHVILI SQUARE
    (Daily News: March 23, 2012)

    Tbilisi City Hall said that Tbilisi Development Fund and Irao Magnat Gudiashvili signed agreement, which charges the company to implement rehabilitation of Gudiashvili Square. In future, constructions will be passed in ownership to this company.

12. Versia: “7,440 LIBRARIES HAVE BEEN SHUT DOWN IN GEORGIA”
    (Economic Press Monitor: March 23, 2012)

    Guram Takniashvili, head of department of the Parliament’s National Library, says that there were 8,000 libraries in Georgia in 1991-1992, which employed about 11,000 persons. However, there are merely 560 libraries remained in the country.

13. LAND SITE WITH CONSTRUCTIONS IN TBILISI’S SUBURB IS OFFERED FOR 1.5M LARI
    (Daily News: March 22, 2012)

    Ministry of Economy and Sustainable Development announced auction on non-agriculture land plot with constructions in Tbilisi. Starting price of the plot (14,428 square m) and 2 buildings (total area – 6,496 square m), located in Vazisubani settlement (Isani-Samgori district) makes up 1.5 million lari.

14. “GWP” TO INVEST 50M LARI THIS YEAR
    (Daily News: March 22, 2012)

    Tbilisi water distributor company Georgian Water&Power said that 50 million lari is planned to invest this year. In 2011, the company’s investments amounted to 25 million lari.

15. Rezonansi: “EXTRA “LITTERED FEE” MADE THE GOVERNMENT TO THINK ABOUT”
    (Economic Press Monitor: March 22, 2012)

    As the article notes, 72% of population names linking of fee for cleaning service with electricity bill as a local problem.

    Since August 2011, population of Tbilisi pays bills of cleaning service, which are calculated as 5 tetri per each 1 kWh of consumed electricity.

16. ILIA UNIVERSITY: “CONSTANTA” ANNOUNCED BIGGEST NUMBER OF VACANCIES
    (Daily News: March 21, 2012)

    Economic Research and Consultation Center of Ilia University conducted study of vacancies, announced from November 1, 2011 to March 1 of the current year.

    The study revealed that bank Constanta had the biggest demand for human resources – 76 vacancies.

17. DIAGNOSTIC AND TREATMENT CENTER OF IVANE JAVAKHISHVILI STATE UNIVERSITY IS OFFERED ON SALE
    (Daily News: March 20, 2012)

    Ministry of Economy and Sustainable Development announced auction, aiming selling of LLC Diagnostic and Treatment Center of Ivane Javakhishvili State University, located in Tbilisi (Chavchavadze Ave. 5).

    Starting price of the state-owned LLC is 400,000 lari.

18. “WIZZ AIR” AND “OLT EXPRESS POLAND” INTERESTED IN GEORGIAN MARKET
    (Daily News: March 20, 2012)

    TAV Georgia (operator of Tbilisi and Batumi airports) reported that Hungarian low-cost air company Wizz Air and Polish charter airline OLT Express Poland (former YES Airways) expressed interest for Georgian market. These companies are expected to perform flights to Batumi.

19. Rezonansi: “APARTMENTS HAVE BEEN INCREASED IN PRICE BY 300-400% IN THE CAPITAL THROUGH THE LAST 8 YEARS”
    (Economic Press Monitor: March 20, 2012)

    As realty experts note, prices have been grown by 30-50% on local market of late years.

    However, the newspaper estimates that in Tbilisi growth made up even 400% from 2004.

20. NO INTEREST EXPRESSED FOR FORMER HEAD OFFICE OF “VTB BANK GEORGIA”
    (Daily News: March 19, 2012)

    VTB Bank Georgia told Sarke that today’s auction on its former head office failed due to absence of applications.

    The auction is planned to announce afresh, but the bank found difficulty in naming its terms and conditions at this stage.

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