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1. “GRDC” PLANS 4-STAR HOTEL CONSTRUCTION ON LIBERTY SQUARE IN TBILISI
   (Daily News: August 7, 2012)

   As it became known to Sarke, Georgian Reconstruction and Development Company (GRDC) is going to build 4-star hotel on Liberty Square in the very center of Tbilisi. For that end, the company holds negotiations with undisclosed French company.

2. 5 BANKS HAD LOSS IN THE 1^ST HALF OF YEAR
   (Daily News: August 7, 2012)

   National Bank of Georgia (NBG) reported that 5 banks out of 18 ones, operating in Georgia, had completed the first half of the year with loss. These data does not include results of Liberty Bank, which are not published either on own web site or on the site of NBG.

3. 12 BANKS FINISHED THE 1^ST HALF OF YEAR WITH PROFIT
   (Daily News: August 7, 2012)

   National Bank of Georgia (NBG) reported that 12 out of 18 Georgian banks had finished the first half of the year with profit. These data does not include results of Liberty Bank, which are not published either on own web site or on the site of NBG.

4. GEORGIA SIGNED NEW AIR COMMUNICATION AGREEMENT WITH ISRAEL
   (Daily News: August 7, 2012)

   New air communication agreement between Georgia and Israel was signed in Tbilisi yesterday.

   As Georgian Ministry of Economy and Sustainable Development declared, “new agreement significantly simplifies regulations in civil aviation sectors of the two countries”.

5. Rezonansi: “THOSE, WHO PURCHASE A TICKET IN THE TRANSPORT, WILL TRAVEL FREE OF CHARGE FOR A HOUR AND A HALF”
   (Economic Press Monitor: August 7, 2012)

   Tbilisi City Hall confirms that they are working on introduction of the so-called “ticket by the hour”, which makes available travel by a variety of transport within an hour. The system should be enacted in the municipal transport.

6. Rezonansi: “MILLIONS FOR INSURANCE ARE DISTRIBUTED WITHOUT ANY TENDER”
   (Economic Press Monitor: August 7, 2012)

   From September 1, Archimedes Global Georgia, selected by tender, will provide insurance of pensioners, children aged below 6 and students in Tbilisi. In regions, new beneficiaries will be distributed among winners of the old tender.

7. “GEORGIAN RAILWAY” TO PAY DIVIDENDS
   (Daily News: August 6, 2012)

   According to London Stock Exchange, JSC Georgian Railway has paid retained profits as dividends. The matter concerns 331.6 million lari “out of consolidated profit and total comprehensive income for prior periods” ended December 31, 2011.

8. Kviris Palitra: “BREAD HAS POLITICAL PRICE IN GEORGIA”
   (Economic Press Monitor: August 6, 2012)

   The newspaper says that on the background of flour cost growth on the world markets, price of flour is increased by 5-8 lari in Georgia – up to 38-40 lari per sack (50 kg).

   Malkhaz Dolidze, head of Tbilisi bread-baking plant #4, confirms flour price increase, but decalres that the price is maintained at the expense of profit reduction.

9. PROPERTY OF “BURJI” SOLD FOR 8.76M LARI
   (Daily News: August 3, 2012)

   According to National Bureau of Enforcement, property of LLC Burji was sold at compulsory auction for 8.76 million lari. Name of the buyer will be disclosed after the payment, which should be made within 10 days.

10. “GWP” IS FINED WITH 5,000 LARI
    (Daily News: August 3, 2012)

    Georgian Energy and Water Supply Regulatory Commission fined Tbilisi water company LLC Georgian Water&Power (GWP) with 5,000 lari. The mentioned decision was caused by abrogation of license terms.

11. NATIONAL AGENCY FOR STATE PROPERTY TO BE LAUNCHED IN SEPTEMBER
    (Daily News: August 3, 2012)

    Ministry of Economy and Sustainable Development declared that legal entity of public law, National Agency for State Property will be launched in September.

    Persons, interested in buying or use of state property, will receive the Agency’s fast and competent service through one-window principle from October, the Ministry said.

12. AUSTRIANS TO BUILD MULTIFUNCTIONAL COMPLEX IN TBILISI
    (Daily News: August 2, 2012)

    Tbilisi City Hall declared that Austrian Rezid Holding will build multi-functional complex in Saburtalo district (Aleksidze Street). The company is going to invest $40-45 million in this project.

13. PROFIT OF “TELASI” DECLINED
    (Daily News: August 2, 2012)

    JSC TELASI, Tbilisi energy distributor, reported net profit of 11.8 million lari for the first half of the year. This rate is by 33.4% down year-on-year.

14. TOTAL NUMBER OF ACTIVE PROTECTED TRADEMARKS MADE UP 45,464 IN GEORGIA
    (Daily News: August 2, 2012)

    Georgian Center for Intellectual Property Sakpatent reported that by January 1, there were 45,464 active trademarks, registered in Georgia through local and international procedures.

    According to the Center’s report-2011, 4,863 claims on the invention were submitted in 2011 (by 12.7% more than in 2010).

15. ILIA UNIVERSITY: TBILISI CUSTOMERS PREFER BEER OF “NATAKHTARI” BRANDS
    (Daily News: August 2, 2012)

    According to Economic Research and Consulting Center of Ilia State University, customers in Tbilisi prefer beer, bottled by Natakhtari brewery.

    The Center had studied choice of 976 people, shopping in 14 trade outlets of Populi chain.

16. BANKING CREDITS DECLINED IN GURIA AND KVEMO KARTLI REGIONS
    (Daily News: July 31, 2012)

    According to National Bank of Georgia, in the 2^nd quarter, banking credits reduced in Guria and Kvemo Kartli regions only.

    Tbilisi accounts for 78.3% of total crediting.

17. Rezonansi: “PROJECT OF NEW SUBWAY STATIONS’ OPENING IS FROZEN”
    (Economic Press Monitor: July 31, 2012)

    The newspaper reports that construction of new stations of Tbilisi subway, Vazisubani and University, has been suspended. Tbilisi City Hall explains this by “astronomical sums”, needed for the project.

18. “IOLI” ACQUIRED “POPULI”
    (Daily News: July 30, 2012)

    Supermarket chains Ioli and Populi announced on deal, through which Ioli acquired Populi. However, no details of the deal neither plans have been disclosed.

19. “CARTU” TO RAISE OBJECTIONS AGAINST CONTRACTS, SIGNED BY COMPULSORY MANAGER
    (Daily News: July 30, 2012)

    Director general of bank Cartu Nodar Javakhishvili declared that the bank will apply to Tbilisi City Court today. Cartu requests to annul credits of $50 million, approved to developer companies by compulsory management, which had left the bank recently.

20. PROPERTY OF LLC “BURJI” IS BROUGHT ON COMPULSORY AUCTION
    (Daily News: July 26, 2012)

    National Bureau of Enforcement put property of LLC Burji on compulsory auction, which should expire on August 2.

    Starting price of real property and transport means makes up 5.15 million lari.

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