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1. Kviris Palitra: “MINI-BUSES AGAINST BUSES?”
   (Economic Press Monitor: September 12, 2011)

   The newspaper reports that travel by mini-buses (route taxis) in Tbilisi will cost 1 lari instead of 80 tetri from next year. The drivers ground increase of fee with unprofitability of new (yellow) mini-buses otherwise.

2. “REDIX” OFFERS TO BUY APARTMENTS IN “BCV” THROUGH “REPUBLIC”’S INTEREST-FREE CREDIT
   (Daily News: September 9, 2011)

   Construction company Redix announced about availability of buying apartments in BCV (Business Center Vazha on Vazha-Pshavela Avenue in Tbilisi) through bank Republic’s interest-free mortgage credit.

   Zero interest is available in case if duration of credit is up to 16 months and client’s participation makes up 0%.

3. Rezonansi: “MEAT PRICE “DECREASE” IS DELAYED UNTIL OCTOBER”
   (Economic Press Monitor: September 9, 2011)

   The newspaper reminds that 2 months ago company IberMeat did not excluded decrease of meat price by September. However, 1 kg of meat still costs 13-15 lari for the moment.

4. Rezonansi: “APARTMENT RENTAL FEE IS INCREASED BY 10-15%”
   (Economic Press Monitor: September 9, 2011)

   Real estate experts declare that fee for apartment rent has increased by 10-15% from September.

   Demand is especially increased on apartments, located in suburbs and cheap houses, expert Giorgi Barvenashvili says.

5. “SAKORGGAZ” FIXED LOSS IN FIRST HALF OF 2011
   (Daily News: September 8, 2011)

   JSC Sakorggaz reported loss of 14,611 lari for the first half of the year. For 2010, the company had net profit of 38,071 lari.

6. GEORGIAN HOTELS’ AVERAGE OCCUPANCY RATE MADE UP 24.35% IN 2010
   (Daily News: September 8, 2011)

   According to Sakstat, average occupancy rate of Georgian hotels made up 24.35% in 2010 (it does not concern unregistered guesthouses). At that, the rate made up 32.8% in Tbilisi, 26.7% – Ajara, 24.7% – Kakheti.

7. Rezonansi: “REALTY ESTATE, WHICH RUSSIA CLAIMS, IS LOCATED IN GEORGIA AS WELL”
   (Economic Press Monitor: September 8, 2011)

   In an interview with the newspaper, former ambassador to Russia Zurab Abashidze comments on property disputes between Georgia and Russia.

   As the newspaper notes, Russian experts consider that in response of hotel Tbilisi sale in Moscow, Georgia might confiscated building of Russian consulate in Tbilisi.

8. “CAUCASUS ONLINE” AND “GEOCELL” REQUESTED AUCTION ON NUMERATION RESOURCE LICENSE
   (Daily News: September 7, 2011)

   National Communication Commission has announced auction on numeration resource use for fixed communication service in Tbilisi. The auction was announced on the base of applications of LLC Caucasus Online and LLC Geocell.

9. “SOLO” SERVICE OF “SAKARTVELOS BANKI” HAS 3,094 CLIENTS
   (Daily News: September 6, 2011)

   According to Sakartvelos Banki (Bank of Georgia), as of the first half of 2011, its personal banking service SOLO had 3,094 clients. The number has increased by 15.3% (i.e. by 411 clients) from the start of year.

10. PARLIAMENT STARTED CONSIDERATION OF NEW LEGAL AMENDMENTS
    (Daily News: September 6, 2011)

    Meeting of the Parliament’s bureau opened autumn session 2011 today.

    According to the Press Service, Vice-Speaker Giorgi Tsereteli has introduced bureau members with legal initiatives, envisaging amendments and supplements to Civil Code, as well as to laws on Tbilisi National Park, state theatres, indication of origin of goods and geographical names, cultural heritage and Chamber of Control.

11. “KSB” DELIVERS REMITTANCES TO CLIENTS’ HOUSES
    (Daily News: September 5, 2011)

    KOR Standard Bank (KSB) said that remittances may be delivered to any address, chosen by a client. This service applies to remittances, made through 3 systems.

12. BLITZ-SURVEY: UTILIZATION OF HOTELS IN TOURIST SEASON
    (Daily News: August 12, 2011)

    Next survey of Sarke refers to utilization of hotels. In this connection, the following professionals were interviewed: Tamar Guledani (marketing and sales of Sheraton Metechi Palace and Sheraton Batumi), Tamar Dvalishvili (marketing manager of hotel Bazaleti), Nata Korakhashvili (marketing manager of hotel Lopota), David Sujashvili (founder of Global Star) and Danielle Keogh (Reed Travel Exhibition, expert in MICE (Meetings, Incentives, Conferences and Events) tourism.

13. CENTER FOR DRUG QUALITY CONTROL IS AUCTIONED FOR 340,000 LARI
    (Daily News: August 11, 2011)

    Georgian Ministry of Economy and Sustainable Development announced auction on selling state-owned Center for Drug Quality Control. Starting price makes up 340,000 lari.

14. PART OF PROPERTY OF LLC “MAGNATE 2006” SOLD FOR 408,000 LARI
    (Daily News: August 11, 2011)

    Bankruptcy manager of LLC Magnate 2006 declared that first lot of the company’s property was sold on recent auction. The property was acquired for 408,000 lari by LLC Oil-Products’ Distribution Corporation.

15. TURNOVER OF SERVICE AGENCY’S ONLINE AUCTIONS AMOUNTED TO 90M LARI
    (Daily News: August 11, 2011)

    Finance Ministry’s Service Agency reported that turnover of e-auctions’ website totaled to 90 million lari in this year. The website has 8,000 visitors daily, the Agency notes.

16. ALTERNATIVE AUDIT TO BE AVAILABLE FOR ENTERPRISES WITH TURNOVER BELOW 10,000 LARI ALSO
    (Daily News: August 11, 2011)

    Revenue Service of the Finance Ministry declared that enterprises with small turnover (i.e. below 100,000 lari a year) will be involved in “Alternative Audit” project also. For the moment, 20 such enterprises and up to 20 auditors are selected for participation in the project in Tbilisi.

17. Rezonansi: “YOUTHS LEFT WITHOUT SUMMER JOBS”
    (Economic Press Monitor: August 11, 2011)

    As the newspaper notes, companies offer temporary employment mainly in summer, when their permanent staff is on summer holidays. Besides, hiring freelancers is very profitable for the company, when they really need a staff, but do not want to pay.

18. Rezonansi: “PASSENGERS TRANSPORTATION HAS REACHED ITS PEAK”
    (Economic Press Monitor: August 11, 2011)

    As the newspaper notes, all type of transport increased activity in transportation from Tbilisi to the regions due to tourist season.

    Because of increased traffic, Georgian Railway and Georgian Airways have added new routes.

19. BANKRUPTCY OF “SAKABRESHUMI” LAUNCHED
    (Daily News: August 10, 2011)

    Tbilisi city court launched case on bankruptcy of JSC Sakabreshumi (Georgian Silk). The case was initiated by the company’s director Eteri Minadze.

20. TBILISI RAIL-WELDING PLANT IS AUCTIONED FOR 3.3M LARI
    (Daily News: August 10, 2011)

    Ministry of Economy and Sustainable Development announced auction of selling LLC Tbilisi Rail-Welding Plant. Starting price of the state-owned stake of 100% is 3.3 million lari.

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