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1. DRINKING WATER SUPPLY IN GEORGIA REDUCED BY 35.6%
   (Daily News: June 7, 2011)

   Georgian Energy and Water Supply Regulation Commission reported that total volume of water, supplied in 2010, made up 449.8 million cubic m countrywide. The figure is by 35.6% down year-on-year.

2. ELECTRONIC TRAFFIC DISPLAYS TO BE INSTALLED AT 407 BUS STOPS IN TBILISI
   (Daily News: June 6, 2011)

   Tbilisi City Hall announced that already 20 electronic displays, showing information regarding municipal buses’ traffic (timetables), have been installed at bus stops.

   At starting stage, the process has been applied for those places, which are mostly crowded with passengers, the City Hall said.

3. CHARITY DINNER COLLECTED 1.5M LARI FOR IDPS
   (Daily News: June 6, 2011)

   Giorgi Chirakadze, head of Georgian Business Association, has declared to journalists today that charity dinner, organized yesterday by the Association, collected 1.5 million lari in total.

   General sponsor of the event was Sakartvelos Banki (Bank of Georgia), platinum sponsor - Rustavi JSC Azot, gold sponsors - mining companies Madneuli and Quartzite, silver sponsor - Silk Road Group.

4. USAID CONSULTANT: GREENHOUSE’S PROFITABILITY GROWTH IS POSSIBLE THROUGH CHEAP HEATING USE AND AREA INCREASE
   (Daily News: June 6, 2011)

   David Dumaresq, consultant of USAID’s Economic Prosperity Initiative (EPI), declared that special model, developed by him, showed that cheap heating use and greenhouse area’s increase provides almost doubled profitability of greenhouse. This model is tailored for local market’s specifics and prices, the expert stressed.

5. EBRD TO CO-FUND DEVELOPMENT OF NAVTLUGI RAILWAY STATION
   (Daily News: June 6, 2011)

   European Bank for Reconstruction and Development (EBRD) will fund about half of cost of LLC Capital Properties’ project on Navtlugi railway station development.

   As founder of Capital Properties Irakli Kilauridze has declared to Sarke, agreement with EBRD regarding credit allocation has been already reached.

6. “TELASI” TO ISSUE DIVIDENDS
   (Daily News: June 6, 2011)

   JSC TELASI (Tbilisi energy distributor) plans to issue dividends from profit of 2010. The company said that this issue is included in the agenda of the company’s shareholders meeting.

7. Kviris Palitra: ““SOCAR GEORGIA PETROLEUM” HAS WON INTERNATIONAL BUSINESS-SUMMIT”
   (Economic Press Monitor: June 6, 2011)

   International Business-Summit, held in April in Germany, named Socar Georgia Petroleum a winner company in quality and business prestige nomination. After the summit, the company also received certificate for ISO 9001:2008.

8. GURAMISHVILI PEDIATRIC CLINIC SOLD FOR 2.16M LARI
   (Daily News: June 3, 2011)

   Economy and Sustainable Development Ministry reported that LLC Mikheil Guramishvili Pediatric Clinic was sold for 2.16 million lari. Starting price of the clinic, located in TEMKA settlement of Tbilisi, was 1.68 million lari.

9. FIXED COMMUNICATION NUMBERS ARE CHANGED
   (Daily News: June 3, 2011)

   Because of transition to new numeration system, fixed communication numbers will be changed from June 4. Namely, digit “2” will be added to beginning of current numbers.

10. “TELASI” PLANS TO COMPLETE POWER METERS’ INSTALLATION THIS YEAR, “KAKHETI ENERGY DISTRIBUTION” – IN 2013, “ENERGO-PRO GEORGIA” – 2014
    (Daily News: June 3, 2011)

    Georgian Energy and Water Supply Regulating Commission reported that TELASI (Tbilisi energy distributor) plans to complete individual power meters’ installation this year. Kakheti Energy Distribution plans the same for 2013, while Energo-Pro Georgia (distributor of other regions of Georgia) – 2014.

11. MORE THAN ONE THIRD OF CONSUMED POWER ACCOUNTS FOR “ENERGO-PRO GEORGIA”
    (Daily News: June 3, 2011)

    Energy and Water Supply Regulating Commission reported that 38% of consumed power accounted in 2010 for regional distributor Energo-Pro Georgia (2.7 billion kWh). Growth in comparison with 2009 made up 12.9%.

12. “GEORGIAN AIRWAYS” TO OPERATE NEW FLIGHTS FROM BATUMI IN SUMMER
    (Daily News: June 3, 2011)

    Georgian Airways announced that flights between Batumi and Tel-Aviv will be launched on June 5. The flights will be implemented once a week (on Sundays).

13. Rezonansi: “TALKS ON WTO IN ROME”
    (Economic Press Monitor: June 3, 2011)

    The US Vice President Joe Biden declared during his meeting with Georgian President Mikheil Saakashvili in the capital of Italy, that the US supports Russia’s accession in the World Trade Organization (WTO), however, they cannot interfere in the negotiations between Tbilisi and Moscow.

    Russian media regarded this statement as round intimations for Georgia, but Georgian side has different estimation of Biden’s words.

14. WINEMAKER SOLIKO TAISHVILI: WE CANNOT MEET EUROPEAN DEMAND FOR KVEVRI WINE
    (Daily News: June 2, 2011)

    Soliko Taishvili, head of association Kvevris Gvino (Kvevri Wine, kvevri – traditional Georgian vessel for wine making), considers that out of Georgian wines only kvevri wine may have prospect in European market as unique Georgian product.

    As he declared to Sarke, the mentioned wines have quite good call on European market, but Georgia is unable to meet this demand.

15. WINE CONTEST TO BE HELD AT THE 4^TH INTERNATIONAL EXHIBITION OF WINE AND SPIRITS
    (Daily News: June 2, 2011)

    The 4^th international exhibition of wine and spirits was opened in Tbilisi exhibition center ExpoGeorgia today, where 60 different organizations are participating. Besides Georgian wine and drinks, 38 stands exhibit production and packing equipment as well.

16. Rezonansi: “GEORGIAN LAND HAS ALREADY GROWN IN PRICE AND WILL BE INCREASED FURTHER”
    (Economic Press Monitor: June 2, 2011)

    Guram Palavandishvili, realty expert, declares that growth in price of land sites intended for residential construction has been observed for the last 6 months. The prices are increased by 50% for this moment.

17. “MAGNATI 2006” IS AUCTIONED FOR 1.9M LARI
    (Daily News: June 1, 2011)

    Bankruptcy manager of LLC Magnati 2006 has announced auction on the property of the company. The property is being sold in single lot, which starting price makes up 1.9 million lari.

18. WATER METERS TO BE INSTALLED TO 50,000 CONSUMERS IN TBILISI TILL THE END OF YEAR
    (Daily News: June 1, 2011)

    Georgian Water and Power (GWP, Tbilisi water supply company) announced that individual water meter installation has already been launched in Tbilisi. Pilot project has been finished today, envisaging installation of 200 individual water meters to residents of Metromsheni settlement in Isani-Samgori district.

19. TWO COMPANIES TOOK PART IN TENDER FOR HES CONSTRUCTION ON CHELTI RIVER
    (Daily News: June 1, 2011)

    LLC Georgian Oil and Gas Corporation announced that LLC Peri and Stucky Ltd have passed to the tender stage of bidding, announced for construction of 4-5 mW hydroelectric station on river Chelti in Kakheti region (village Shilda of Kvareli district).

    To remind, Georgian Green Energy Development Company, subsidiary of state-owned Georgian Oil and Gas Corporation, announced bids invitation on design works and construction of this HES on May 2.

20. Bankebi da Finansebi: “TAX CODE TO BE AMENDED AGAIN”
    (Economic Press Monitor: June 1, 2011)

    Draft amendments to the Tax Code permit selling of production for a less price than its primary cost. Such deals will not be doubtful for tax authority anymore.

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