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1. REAL ESTATE IN REGIONS HANDED OVER TO “UNITED WATER SUPPLY COMPANY”
   (Daily News: October 20, 2011)

   Georgian United Water Supply Company reported that Ministry of Regional Development and Infrastructure has handed over to it real estate in regions. As a result, capital of the company increased by 49 million lari – up to 126 million lari.

2. TBILISI BRANCH OF “ZIRAAT BANK” PLANS TO ISSUE PLASTIC CARDS
   (Daily News: October 20, 2011)

   Tbilisi branch of Turkish Ziraat Bank plans to issue local debit cards in near future.

   As the branch told Sarke, through the mentioned cards only transactions in Georgia will be available and only through ATMs of Ziraat Bank’s Tbilisi branch and TBC Bank.

3. ZAZA GOROZIA BECAME NEW AGRICULTURE MINISTER
   (Daily News: October 20, 2011)

   Zaza Gorozia has become new Agriculture Minister, substituting Bakur Kvezereli on the mentioned post. Prime Minister Nika Gilauri has declared about changes in the government at the briefing today.

4. “TELASI” INTRODUCED COMPUTER MANAGEMENT OF MEDIUM-VOLTAGE DISTRIBUTION NETWORK
   (Daily News: October 19, 2011)

   JSC TELASI (Tbilisi energy distributor) announced about introduction of computer system for medium-voltage distribution network management. The project, which aims to simplify network dispatching and staff operation, cost the company $174,000.

5. BANKERS CONSIDER ISSUES OF CURRENCY RISK MANAGEMENT
   (Daily News: October 19, 2011)

   National Bank of Georgia (NBG) and European Bank for Reconstruction and Development (EBRD) are holding jointly 2-day conference on exchange rate risk management in Tbilisi.

   According to EBRD’s chief banker Irakli Mekvabishvili, conference on the mentioned subject is held for the first time in Georgia in such scale.

6. Rezonansi: “LARGE CONSTRUCTION COMPANIES ARE SCARED WITH CITY HALL’S AMNESTY”
   (Economic Press Monitor: October 19, 2011)

   Supervision Service of Tbilisi City Hall reports that 102 entities have applied to financial amnesty, announced by the City Hall for constriction sector. Total fine, which was written off to them, amounted to 1.077 million lari.

7. SPECIAL SERVICE TO BE OFFERED TO CIP CLIENTS OF “SAKARTVELOS BANKI” IN TBILISI AIRPORT
   (Daily News: October 18, 2011)

   Sakartvelos Banki (Bank of Georgia) will arrange part of prime class departure hall in Tbilisi International Airport for own CIP clients (commercially important persons). The bank and TAV Operation Service have signed corresponding agreement today.

8. “GEORGIAN RAILWAYS” TO PURCHASE 188 AUTOMATIC COUPLERS
   (Daily News: October 18, 2011)

   LLC Georgian Railway has announced international tender on procurement of automatic couplers and spare parts. Expected total cost of 3 lots is 1.6 million lari.

9. “GWP” TO SPEND 10M LARI ON REHABILITATION OF WATER SUPPLY AND SEWERAGE THIS YEAR
   (Daily News: October 18, 2011)

   Georgian Water&Power (GWP, Tbilisi company of water supply and sewerage) has reported that investment in rehabilitation of water and sewerage to reach 10 million lari this year.

   Rehabilitation works, which started in July, are expected to complete in the first half of November.

10. KAZAKH BUSINESSMEN INTERESTED IN IMPORT OF OWN PRODUCTION TO GEORGIA
    (Daily News: October 18, 2011)

    Kazakh businessmen are interested in import of own production to Georgia, Tatiana Zhdanova, vice-president of Kazakh Chamber of Commerce and Industry, has declared at Georgian-Kazakh business-forum, which held in Tbilisi today.

    Kazakh delegation included representatives of about 20 companies.

11. INVESTMENTS IN ENTERPRISES’ FIXED ASSETS INCREASED BY 11.3% IN 2010
    (Daily News: October 18, 2011)

    According to Sakstat, enterprises’ investments in fixed assets totaled to 2.3 billion lari in 2010. This volume is increased by 11.3% year-on-year.

12. SALES OF “IPHONE 4S” STARTED IN GEORGIA
    (Daily News: October 17, 2011)

    iTechnic Apple Store announced about start of selling of iPhone 4S today. The price of this top model of Apple is 4,999 lari.

13. “TECHNOBOOM” AND “LIBERTY BANK” OFFERED INTEREST-FREE INSTALLMENT TO PENSIONERS
    (Daily News: October 17, 2011)

    Household appliances distributor TechnoBoom and Liberty Bank announced joint action for pensioners, envisaging interest-free installment for appliances’ purchase.

    According to TechnoBoom, eligible customers should have fixed income or use Liberty Bank’s money remittances system.

14. “GEORGIAN AIRWAYS” TO UPGRADE AIRCRAFT FLEET
    (Daily News: October 17, 2011)

    Georgian Airways declared about intention to acquire Boeing 737 (new generation) and Boeing 787 (so-called Dream Liner). Head of supervisory board of the Georgian air company Tamaz Gaiashvili and Boeing’s vice-president for Middle East and Africa sales Marty Bentrott have signed agreement in Tbilisi today.

15. Kviris Palitra: “SOFT-DRINKS ARE MADE WITH ESSENCES”
    (Economic Press Monitor: October 17, 2011)

    Nana Chakhaia, deputy director for technology of JSC Lagidze, declares that the company produces famous lemonade Lagidze Waters with natural components. However, all large companies, represented at the market, use essences for that end, she insists.

16. Kviris Palitra: “GEORGIA – ONE AGAINST ALL?”
    (Economic Press Monitor: October 17, 2011)

    The situation is unchanged concerning to the negotiations on Russia’s accession to the World Trade Organization (WTO). Russian side refused once again to comply Georgian’s demand on legalization of customs checkpoints at Roki Tunnel (Tskhinvali region) and river Psou (Abkhazia).

17. TURK BUSINESSMEN TO ACQUAINT WITH TEXTILE INDUSTRY AND INVESTMENT CLIMATE IN GEORGIA
    (Daily News: October 13, 2011)

    Economy and Sustainable Development Ministry has reported that group of managers of Turkish textile companies, united in Turkish Clothing Manufacturers Association, has arrived in Georgia today.

    Turkish side is represented by companies (such as Koton, Seleksiyon Tekstil, Negreti Tekstil, Ogretmen Corap (PENTI), STFA), which are contractors of such global trademarks as Roberto Cavalli, Scervino, Zara, Mango, GAP, H&M.

18. TURKISH “PEGASUS” MAY INCREASE NUMBER OF FLIGHTS TO GEORGIA
    (Daily News: October 12, 2011)

    Pegasus may increase number of flights to Georgia, general trade representative of this Turkish air carrier in Georgia Georgian Avia Service Agency (GASA) has declared to Sarke. The demand for flights is so high that we have started active work in this direction with the air company, GASA noted.

19. “GEORGIAN RAILWAY” TO ARRANGE CONTAINER TERMINALS ABROAD
    (Daily News: October 11, 2011)

    Irakli Ezugbaia, director general of LLC Georgian Railway, said that container terminals are planned to arrange abroad. The matter concerns Kazakhstan, Turkmenistan and Uzbekistan.

20. Rezonansi: “THE UNEMPLOYED, CONTENT WITH THE GOVERNMENT”
    (Economic Press Monitor: October 11, 2011)

    According to poll, conducted by National-Democratic Institute (NDI) in Georgia, 62% regard job creation as a priority, 42% – reduction of prices, 31% – restoration of territorial integrity, 31% – overcoming of poverty.

    44% declare that politicians do not speak enough on job creation, 62% note that not enough attention is paid to the price growth.

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