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  1. LLC UNITED SYSTEM OF INSTANT PAYMENTS TO BRING TERMINALS FROM UKRAINE
    (Daily News: December 23, 2008)

    LLC United System of Instant PaymentsGeorgia (USIP-Georgia) plans to bring payment terminals from Ukraine.

    As one of company’s founders Levan Tsuladze told Sarke, delivery of the equipment from Russia was stopped after the August events and negotiations started with the Ukrainian side.  The cost probably will not change, Tsuladze noted.

  2. PROPERTY OF GEORGIAN POST BANK IS AGAIN AUCTIONED AT 14.6M LARI
    (Daily News: December 23, 2008)

    As it became known to Sarke, auction on selling the property of Georgian Post Bank will be announced these days.

    Starting price of the bank makes up 14.6 million lari this time, told Sarke the auction commission.  Auction is planned to be held on December 30.

  3. ENERGOPRO GEORGIA TO INVEST $7M IN ORTACHALHES 2007 REHABILITATION
    (Daily News: December 22, 2008)

    As EnergoPro Georgia informs, it is planned to invest $7 million in rehabilitation of OrtachalHES 2007 (Ortachala hydroelectric station) during the next 6 years.

    At the auction, held on December 19 in Georgian Economic Development Ministry, the company paid $25.25 million in OrtachalHES 2007.  Starting price made up $25 million.

  4. 10,000 NUMBERS OF 13XXXX INDEX ARE AUCTIONED
    (Daily News: December 22, 2008)

    Georgian Communications Commission announced the next auction on getting the numeration resource license.

    10,000 numbers of 13XXXX index in Tbilisi are brought to auction.  Starting price of the resource makes up 20,000 lari.

  5. GOVERNMENT SUFFERED STUFF CHANGES
    (Daily News: December 22, 2008)

    According to the information spread by the press-service of the State Office, Georgian Prime Minister Grigol Mgaloblishvili made stuff changes in the Government.

    Namely, Vakhtang Lezhava is appointed the chief advisor of the Premiere and the head of advisors’ group.

  6. Rezonansi: “ELISASHVILI: FOR WHAT THE MAYOR NEEDS REFRIGERATOR IN HIS CAR?”
    (Economic Press Monitor: December 18, 2008)

    Program of Old Tbilisi rehabilitation will be funded by 24.11 million lari in 2009. As the article notes, the funding is reduced by 11 million lari.

  7. 24 Saati: “PRICE FOR REAL ESTATE TO INCREASE IN SPRING AGAIN”
    (Economic Press Monitor: December 17, 2008)

    At this stage, construction companies focus on old projects’ completion and credit coverage. Besides, behind fears of bankruptcy the newspaper speaks about expected merger of companies.

  8. FIVE COMPANIES ARE INTERESTED IN PROVISION OF CAR SERVICE TO TBILISI CITY HALL
    (Daily News: December 19, 2008)

    As Tbilisi City Hall informs, five companies expressed interest in provision of one-year insurance service to City Hall’s cars.

    Term of bids expired yesterday.

  9. JSC TBILISI INTERNATIONAL AIRPORT AUCTIONS TWO LAND PLOTS
    (Daily News: December 19, 2008)

    JSC Tbilisi International Airport announced auction on the land plot with building.

    Starting price of the object makes up 368,800 lari.

  10. REGULATION COMMISSION FINES KAZTRANSGAZ-TBILISI, HOWEVER THE COMPANY DOES NOT AGREE WITH IT
    (Daily News: December 19, 2008)

    Georgian Energy and Water Supply National Commission fined KazTransGaz-Tbilisi with 15,000 lari.

    As the company announces, KazTransGaz-Tbilisi imposed such liabilities to its clients, which are not envisaged by the legislation, namely, it demands payments for gasification (technical works).

  11. 53M EUR IS ALLOTTED FOR REHABILITATION OF MUNICIPAL INFRASTRUCTURE IN BATUMI
    (Daily News: December 19, 2008)

    Agreements between Georgian and German governments were signed today in Tbilisi, according to which 53 million EUR is envisaged for rehabilitation (the second phase) of the municipal infrastructure in Batumi.

    Out of which 45 million EUR is a lax credit and 6 million EUR – a grant.

  12. USA ISSUED $47M AID
    (Daily News: December 19, 2008)

    As US embassy in Georgia informs, USA issued the next aid to Georgia with the volume of $47 million.

    This aid is a part of $1 billion economic support package of the US.

  13. 77% OF COMPANIES NOTE NEGATIVE IMPACT OF AUGUST EVENTS ON THEIR INCOMES
    (Daily News: December 18, 2008)

    As International Financial Corporation (IFC) announces, August conflict had a negative impact on incomes of 77% of companies.  Each enterprise planned to make 16% growth on average, but this rate reduced by 23%.

    As 55% of entrepreneurs think, incomes will be changed during 6 months of the next year, 33% think that their incomes will increase.

  14. LLC CENTER SAKSOPLPROEKTI IS AUCTIONED AFRESH
    (Daily News: December 18, 2008)

    JSC Gudauri again announced an auction (the fifth one) on its own LLC Center Saksoplproekti.  The object is priced at $1.5 million.

    Applications will be received through January 5.  Auction will be held the same day in the head office of JSC (Chavchavadze Ave.  17A).

  15. AMERICAN DOHENY GLOBAL AND SWISS STUCKY LTD BECAME STRATEGIC PARTNERS TO DEVELOP GEORGIAN HYDRO ENERGY
    (Daily News: December 18, 2008)

    As Georgian Energy Ministry reports, American Doheny Global and Swiss STUCKY Ltd made announcements about strategic partnership in order to develop hydro energy in Georgia.

    Doheny Global is a projecting company of international energy objects, STUCKY Ltd – implements project and supervisory works in energy field.  The Swiss company opened its branch in Tbilisi – STUCKY-Caucasus Ltd, registered in July 2008.

  16. VTEL GEORGIA LAUNCHED WIRELESS INTERNET IN TBILISI, RUSTAVI AND POTI
    (Daily News: December 18, 2008)

    As VTEL Georgia announces, the company launched broadband wireless internet service (WiMAX standard) in central districts of Tbilisi, Rustavi and Poti.  In 2009, it is planned to cover totally Tbilisi, including cottage zones.

    To remind, wireless internet was launched in Batumi on December 2009, where the first service center of Maximal brand was opened.  The center serves 300 clients at this stage.

  17. PROCREDIT BANK WILL FINANCE SMALL AND MIDDLE SIZE ENTERPRISES IN TERMS OF $47.5M CREDIT ISSUED BY KFW
    (Daily News: December 18, 2008)

    An agreement was signed today in Tbilisi, which envisages allotments of $47.5 million credit to ProCredit Bank from German Development Bank (KfW).

    Austrian Development Bank becomes the guarantor of the half sum of the issue credit.

  18. RECONSTRUCTION OF MTATSMINDA SUBSTATION IS FINISHED
    (Daily News: December 17, 2008)

    As JSC TELASI (energy distribution company) informs, the company finished reconstruction of the high voltage substation Mtatsminda (110 kV).  The works cost the company 2 million lari.

    The substation serves 21,000 clients of Vake, Vera and Mtatsminda districts.

  19. BANK CONSTANTA TO OFFER WESTERN UNION SERVICE
    (Daily News: December 17, 2008)

    From the next week bank Constanta will offer its clients international money transfer service Western Union.

    As the bank told Sarke, service of MoneyGram and Anelik will also be offered from the end of the year or from the beginning of the next year.

  20. INVESTMENTS OF ADVERTISING COMPANY OTDOOR.GE MADE UP $12M
    (Daily News: December 16, 2008)

    As advertising company Otdoor.ge informs, volume of investments made up $12 million from the day of company’s establishment (June 2008).

    Outdoor.ge purchased advertising constructions of outdoor advertisements (billboards, monitors, etc.) of 6 companies.  These companies are: LLC Imperial, LLC Imperia Star, LLC Aisi, LLC Link Media, LLC Imedi and LLC Ashrial.

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