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1. “XINJIANG HUALING INDUSTRY & TRADE” TO INVEST $350M IN FREE ZONE IN TBILISI
   (Daily News: July 4, 2012)

   Chinese company Xinjiang Hualing Industry & Trade (Group) Co. Ltd (new owner of Basisbank) starts implementation of project on free zone creation on Tbilisi Sea.

   Chinese are going to invest $350 million in the project, envisaging development of entertainment objects, residential areas, hotels and necessary infrastructure.

2. 10.35M T OF CRUDE OIL EXPORTED TROUGH BTC IN 6 MONTHS
   (Daily News: July 4, 2012)

   SOCAR, State Oil Company of Azerbaijan, reported that export of 10.35 million t of crude oil made within the first half of 2012 through Baku-Tbilisi-Ceyhan pipeline. If compared with the same period of last year, decline of 39.5% is fixed.

3. Versia: “GEORGIAN JUDICIAL SYSTEM TO INTRODUCE NEW INSTITUTION – COURT MEDIATION”
   (Economic Press Monitor: July 4, 2012)

   Lasha Kalandadze, chairman of Civil Cases Chamber of Tbilisi Court of Appeals, declares in an interview with the newspaper that mandatory court mediation will be launched in test mode in November, initially in Tbilisi. Mediators will conduct one session a week.

4. FOURTH “MCDONALD’S” RESTAURANT OPENED IN TBILISI
   (Daily News: July 3, 2012)

   McDonald’s restaurant, which was opened today on Tsereteli Avenue of Tbilisi, became the 4^th outlet of this brand in Georgian capital.

   Until the end of the year, more 2 restaurants are planned to launch in Tbilisi – in Gldani and Saburtalo.

5. “GEOCELL” AND “MAGTICOM” DEVELOP SERVICES OF HSPA+ STANDARD
   (Daily News: July 3, 2012)

   Mobile operator Geocell announced about upgraded service Geocell-Connect, which provides faster mobile Internet – up to 21 Mbps.

   The company stressed that the speed is increased 4-5 times.

6. “TELASI” TO NOT PAY DIVIDENDS
   (Daily News: July 3, 2012)

   JSC TELASI reported that shareholders of this Tbilisi energy distributor, holding meeting recently, decided not to pay dividends from profit of 2011. Net profit of the JSC amounted to 30.1 million lari.

7. “ALITALIA” LAUNCHED FLIGHTS TO GEORGIA
   (Daily News: July 3, 2012)

   Italian air carrier Alitalia launched today flights between Rome and Tbilisi.

   According to Georgian Civil Aviation Agency, the flights will be implemented by A320 planes 2 times a week: Rome-Tbilisi – on Mondays and Saturdays, while Tbilisi-Rome – on Tuesdays and Sundays.

8. CHINESE “XINJIANG HUALING INDUSTRY & TRADE” ACQUIRED 90% OF “BASISBANK”
   (Daily News: July 3, 2012)

   Chinese Xinjiang Hualing Industry & Trade (Group) Co. Ltd acquired stake of 90% in Georgian Basisbank.

9. “GOODWILL” ANNOUNCED 10%-DISCOUNT ON ALL KIND OF PRODUCTS
   (Daily News: July 2, 2012)

   Goodwill announced discount of 10% on 50,000 names of products. The discount is valid in all outlets of the company (in Tbilisi, Batumi, Gori and former Gmart supermarkets).

10. “UNIPAY” TO OFFER ON-LINE SHOPPING
    (Daily News: June 29, 2012)

    Local payment system UniPay announced Unifest, service of on-line shopping, which will be launched for users of UniPay electronic wallet on July 4.

    The company will provide countrywide service, securing delivery of production, being purchased in more than 35 shops: Embawood, Goodwill, Dika, Safilo, Chita, Baccara, Bakur Sulakauri Publishing House, etc.

11. Versia: “LLC “POULTRY GEORGIA” WILL OPEN 37 BOOTHS IN TBILISI UNTIL THE END OF AUGUST”
    (Economic Press Monitor: June 29, 2012)

    At the auction, announced by Tbilisi City Hall, LLC Poultry Georgia (former Koda) has purchased 37 booths, which price varied within 1,050-3,000 lari.

    At this stage, company runs 24 booths in Tbilisi, mainly in the city outskirts, planning to add 13 ones in the end of August.

12. NBG’S COLLECTION AND NUMISMATIC COINS TO BE SOLD IN “ZARAPKHANA” ALSO
    (Daily News: June 28, 2012)

    Jewelry chain Zarapkhana will sell collection and numismatic coins of National Bank of Georgia (NBG). The company signed respective agreement with NBG today.

13. “ARCHIMEDES GLOBAL GEORGIA” TO INSURE TARGET GROUPS IN TBILISI
    (Daily News: June 28, 2012)

    From September, Archimedes Global Georgia will provide insurance service to all pensioners, students and children aged below 5 in Tbilisi.

    According to the company, the service will apply to 211,768 beneficiaries, including socially unprotected categories.

14. “ATA AIRLINES” STARTED FLIGHTS TO BATUMI
    (Daily News: June 28, 2012)

    Iranian company ATA Airlines made the first flight to Batumi today, bringing 75 tourists to Ajara resorts.

    TAV Georgia, operator of Batumi international airport, said that ATA Airlines will perform direct summer flights to Batumi from Tehran on Mondays and Thursdays, while from Tabriz – on Thursdays.

15. “PEGASUS” TO INCREASE FLIGHT FREQUENCY FROM AUTUMN
    (Daily News: June 28, 2012)

    Pegasus will add the second flight on Istanbul-Tbilisi route from October 1, said Georgian Avia Service Agency (GASA), general trade representation of this Turkish air company in Georgia.

    Thus, the frequency will make up 2 daily flights in workdays of the week, being caused by big demand for flights, the Agency noted.

16. IDA TO ALLOCATE $43M IN TERMS OF HIGHWAY CONSTRUCTION
    (Daily News: June 28, 2012)

    International Development Association (IDA) of the Wold Bank will provide Georgia with long-term preferential loan of $43 million. Sides signed corresponding agreement in Tbilisi today.

17. PERFECTION OF STATISTICS DATA TO BE DISCUSSED IN TBILISI
    (Daily News: June 28, 2012)

    Tbilisi hosts 3-day international seminar (June 27-29) on improvement of statistic data quality and perfection of metadata.

    Seminar of such scale is held for the first time not only in Georgia, but in whole region (the previous two seminars were held in Germany and Greece), Sakstat marked.

18. “GEORGIAN AIRWAYS” ANNOUNCED DISCOUNT ON MOSCOW FLIGHTS
    (Daily News: June 27, 2012)

    Georgian Airways (AirZena) announced 30% discount on Tbilisi-Moscow-Tbilisi and Batumi-Moscow-Batumi flights, being available for passengers below 27 and above 60.

    Regular price of ticket for the company’s Tbilisi-Moscow-Tbilisi flight is around 370 EUR, while one for Batumi-Moscow-Batumi costs by 5-10 EUR less.

19. IVANISHVILI’S PROPERTY SEIZED, HIS LAWYERS INTEND TO APPEAL THE DECISION
    (Daily News: June 27, 2012)

    National Bureau of Enforcement seized property, being registered on oppositional billionaire Bidzina Ivanishvili’s name. The matter concerns 100% stake in JSC Cartu Bank, 100% – in JSC Cartu Group and 21.7% – in Progress Bank.

20. BOOK STORE “LIGAMUS” HAS LOWEST PRICES IN TBILISI
    (Daily News: June 26, 2012)

    According to Economic Research and Consulting Center of Ilia State University, lowest prices for books in Tbilisi are fixed in bookstore Ligamus. It is followed by bookshop chain Laterna, Biblus, Parnassus and Book House.

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