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1. READY SUGAR IMPORT REDUCED, WHILE RAW SUGAR – INCREASED
   (Daily News: January 12, 2010)

   According to the Statistics Department, as of 10 months of 2009, import of ready sugar ($9.5 million) reduced by 69.1%, while of raw sugar – increased by 77.3% ($35.7 million). The key import country is Brazil.

2. ALDAGI BCI OPENED THE 4^TH REGIONAL BRANCH
   (Daily News: December 18, 2009)

   Insurance company Aldagi BCI has started branch in Guria, which became the 4^th regional branch of the company countrywide. The company refrained to specify investments made for that end.

3. TELECOM RESTRUCTURED ARREARS OF 2,000 SUBSCRIBERS IN TBILISI
   (Daily News: December 18, 2009)

   JSC United Telecom reports that it has restructured arrears of 2,000 subscribers in Tbilisi. The restructuring was started on May 20.

4. 2 EGYPTIAN COMPANIES TO START OPERATION IN KUTAISI FREE INDUSTRIAL ZONE
   (Daily News: December 16, 2009)

   Two Egyptian companies will start operation in Kutaisi free industrial zone from December 20, Mikheil Tigishvili, director of LLC Georgia International Holding, has informed Sarke. The matter concerns companies Kastur and El Gawad, which are going to invest $250 million in total during 2010.

5. SAKKABELI TO LAUNCH EXPORT TO SOUTH CAUCASUS
   (Daily News: December 1, 2009)

   Edisher Mamaladze, supervision board chairman of JSC Sakkabeli (Georgian Cable), has declared to Sarke that the company plans export to Armenia and Azerbaijan next year. Expected volume of export is not specified at this stage.

6. Rezonansi: “NUMBER OF FREE INDUSTRIAL ZONES DOUBTFULLY INCREASES”
   (Economic Press Monitor: November 25, 2009)

   According to the draft bill “On Free Industrial Zones”, such zones should be created in 4 cities – Tbilisi, Kutaisi (2 zones), Batumi and Poti.

   Rustavi zone may be added to the number as well.

7. Rezonansi: “UNSUCCESSFUL INVESTMENTS IN GEORGIA”
   (Economic Press Monitor: November 24, 2009)

   As Economic Development Ministry declares, all investors fulfill their undertaken obligations with the exception of Kala Capital (the company of football player Kakha Kaladze).

   However, Arab company Rakeen had already to arrange free industrial zone in Poti and start construction of the port, but the process has constantly postponed for more than a year.

8. REPUBLIC STARTED NEW BRANCH IN TBILISI
   (Daily News: November 19, 2009)

   Bank Republic has opened new branch in Tbilisi today (Tsotne Dadiani Street in Nadzaladevi district). This branch became the 7^th one, opened by the bank this year countrywide.

9. BANK GUARANTEE SUBMISSION WAS DELAYED FOR EGYPTIAN FRESH
   (Daily News: November 19, 2009)

   Economic Development Minister Zurab Pololikashvili told Sarke that deadline for bank guarantee submission by Egyptian company Fresh, an operator of the free industrial zone in Kutaisi, is postponed for several months. To remind, the company had to present guarantee for 20 million EUR by the end of 2009.

10. SAKARTVELOS BANKI OFFERED WEALTHY CLIENTS A NEW SERVICE
    (Daily News: November 16, 2009)

    Sakartvelos Banki (Bank of Georgia) launched a new service Solo since today. According to Irakli Gilauri, director general of the bank, Solo is intended for middle and high-income customers, who need service of personal banker.

11. AKHALI KSELEBI DEMANDS ITS LICENSE MODIFICATION
    (Daily News: November 13, 2009)

    National Communication Commission reports that LLC Akhali Kselebi applied to the Commission with request to modify its licenses on numeration resource use. The matter concerns abandonment of 2,000 numbers in Kutaisi.

12. EBRD TO FUND CONSULTING SERVICE FOR WATER SUPPLY REFORM IN GEORGIA
    (Daily News: November 11, 2009)

    EBRD will pay cost of consulting service for Agency for Water Supply Regional Development and regional water distribution companies of Georgia.

    EBRD invites to express interest for consulting service, accepting applications through December 4.

13. THE GOVERNMENT RESTRUCTURED ARREARS TO 4 COMPANIES
    (Daily News: November 11, 2009)

    According to governmental regulation of October 30, accumulated arrears have been restructured to 4 companies. The matter concerns LLC Mtkvari-M, JSC Nikora, LLC Kutaisi Airport and LLC IMK-91.

14. AFRO STAR AND BUKET TO BE RE-AUCTIONED
    (Daily News: November 5, 2009)

    Dry cargo ship Afro Star and tanker Buket, seized by Georgia, were not sold at the action yesterday due to lack of demand. The starting price was defined by 750,000 lari and 1.085 million lari, respectively.

15. TWO OPTIONS FOR SEMI-COKE FACTORY CONSTRUCTION ARE DISCUSSED
    (Daily News: November 5, 2009)

    George Chikovani, director of International Energy Corporation, declared to Sarke that two alternative sites are discussed for semi-coke factory construction.

    To remind, initially construction of this plant was planed by 2010 near Kutaisi car plant.

16. AFRO STAR AND BUKET TO BE AUCTIONED
    (Daily News: November 2, 2009)

    Service Agency of Georgian Finance Ministry brought on an auction seized cargo ship Afro Star and tanker Buket. The starting price is defined by 750,000 lari and 1.085 million lari, accordingly.

17. FINNISH VIANOR OPENED FIRST SERVICE-CENTER IN TBILISI
    (Daily News: October 28, 2009)

    Finnish company Vianor (daughter tyre chain of Nokian) opened first service-center in Tbilisi (Kakheti Highway). The service-center is managed by Sena Auto – official dealer of the company in Georgia.

18. MUNICIPALITIES WILL RECEIVE EXCAVATORS WITHIN JAPAN GRANT
    (Daily News: October 28, 2009)

    On the order of the government, Georgian Municipal Development Fund will hand over excavators to municipalities and self-governing bodies within the frame of Japanese grant.

    The matter concerns municipalities of Akhaltsikhe, Kaspi, Kutaisi, Lentekhi, Marneuli, Mtskheta, Oni, Ozurgeti, Sagarejo, Signagi and Tsalenjikha.

19. LLC TOBE POSTPONED CREATION OF JOINT ENTERPRISE WITH TURKISH PARTNERS
    (Daily News: October 27, 2009)

    Tengiz Chikhradze, director of concrete and ferroconcrete producing LLC Tobe, told Sarke that creation of joint venture with Turkish partners is postponed by indefinite period. He explained the decision by inactivity of Turkish side, caused by unsteady economical situation in the country.

20. SARPI’S PROPERTY TO BE RE-AUCTIONED
    (Daily News: October 26, 2009)

    LLC Elite Consulting Group (bankruptcy manager) has announced auction on LLC Sarpi property afresh. Previous auction, scheduled for October 24, failed due to lack of applications.

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