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1. 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.

2. 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.

3. “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.

4. 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.

5. 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.

6. “BONACO” SOLD 20 PROMISSORY NOTES
   (Daily News: June 26, 2012)

   Micro-financial company Bonaco told Sarke that it has sold 20 promissory notes of emission, made in March. Most of them range within $10,000-30,000.

7. “RICO CREDIT” EXPANDS ITS REGIONAL CHAIN
   (Daily News: June 26, 2012)

   Micro-financial organization Rico Credit reported that it has acquired recently an area for its Batumi branch (Chavchavadze Str. 25). New branch will start operation in autumn.

8. “GEOCELL” OFFERS SMARTPHONE “IDEOS U8150” UNDER INSTALLMENT
   (Daily News: June 26, 2012)

   Geocell offers Huawei’s smartphone IDEOS U8150 under 12-months installment. Monthly payment will amount to 24 lari.

9. AIRPORT TO BE CONSTRUCTED IN OZURGETI
   (Daily News: June 26, 2012)

   President Mikheil Saakashvili declared that construction of airport will be started in village Meria in Ozurgeti district (Guria region). Besides, he said that airport will be built in Poti as well, while airport in Telavi (Kakheti region) will be rehabilitated, adding that airport in Kutaisi will be opened in September.

10. “BDO” TO BE PRESENTED IN BATUMI ALSO
    (Daily News: June 25, 2012)

    Audit company BDO Georgia informed that an office was opened recently in Batumi.

    Rapidly developing business environment and growing investments led us to necessity to provide the service on the spot, BDO explained.

11. “SAKARTVELOS BANKI” OPENED SERVICE-CENTER IN VAZISUBANI
    (Daily News: June 25, 2012)

    Sakartvelos Banki (Bank of Georgia) has opened service-center in Vazisubani settlement of Tbilisi (Isani-Samgori district) today. So far, the bank was represented in this area by Express service-center, located in Smart supermarket.

12. CAUCASUS BUSINESS SCHOOL TO TRAIN EXPORT MANAGERS
    (Daily News: June 25, 2012)

    Tbilisi’s Caucasus Business School introduced certification course in export management, being supported by Georgian National Investment Agency.

    “Cooperation with different export-oriented companies revealed that there is growing demand for professional export managers in the market”, the Agency said.

13. “SB REAL ESTATE” STARTED IMPLEMENTATION OF “M² ON HIPPODROME”
    (Daily News: June 22, 2012)

    SB Real Estate, realty subsidiary of Sakartvelos Banki (Bank of Georgia), reported about start of implementation of project m² on Hippodrome (Tbilisi, Tamarashivili Str. 13). Dwelling complex, uniting 9 independent buildings, should be completed in September 2014.

14. “NEW LIFE FOR OLD TBILISI” CONTINUED TO 2013
    (Daily News: June 22, 2012)

    Tbilisi City Hall decided to extend the 3^rd stage of program “New Life for Old Tbilisi” until January 1, 2013. As the City Hall said, the decision is based on requests of construction companies.

15. NIGHT ROUTE SCHEDULED TO RAILWAY STATION “AIRPORT”
    (Daily News: June 22, 2012)

    From today, night route will be available in railway station Airport for passengers, arrived in Tbilisi International Airport, TAV Georgia said.

    Train will leave Airport station (located 70 m far from passengers’ terminal) at 04:00 and arrive at Tbilisi Central Station at 04:35.

16. “OPEN GATE” INTRODUCED IN BATUMI AIRPORT
    (Daily News: June 22, 2012)

    TAV Georgia informs on launching of Open Gate system (single departure zone) in Batumi International Airport. The works had been underway for 2 months.

17. ILIA UNIVERSITY: TBILISI CUSTOMERS PREFER “COCA-COLA” IN CARBONATED SOFT BEVERAGES
    (Daily News: June 21, 2012)

    According to Economic Research and Consulting Center of Ilia State University, among wide range of carbonated soft beverages, customers in Tbilisi prefer Coca-Cola.

    The Center had included in the research soda drinks of 14 brands, being sold in Populi chain – Coca-Cola, Fanta, Sprite, Pepsi, Mirinda, 7 Up, Lipton, Natakhtari, Zandukeli, Zedazeni, Shkhepi, Iberia, Lagidze, Kazbegi.

18. DEVELOPMENT OF GEORGIA’S AGRICULTURE SECTOR 2-3 TIMES FALLS BEHIND ITS NEIGHBOURS’ RATES
    (Daily News: June 21, 2012)

    As it was declared at conference “Opportunities in Rural Development for Small Farmers”, held in Tbilisi today, development of Georgian agriculture sector 2-3 times falls behind its neighbours’ rates.

    Development of the sphere requires more financial assistance and operation of as many farmer associations as possible, donor organizations’ representatives said.

19. Rezonansi: “IF MR. LADO TURNS OUT TRUE, I WILL DESTROY SPECIAL INDUSTRIAL ZONE OF POTI WITH MY HAND”
    (Economic Press Monitor: June 21, 2012)

    Doctor of Economics Lado Papava considers that free economic zone works better in the non-liberal and protectionist environment. “The more economic is based on open doors principle, the less effect free economic zone will have and its creation became pointless”, he declares.

20. “CONSTANTA” OPENS MORE 3 BRANCHES IN REGIONS
    (Daily News: June 20, 2012)

    Bank Constanta opened today new service-center in Sagarejo (Kakheti region). In near future, new outlets are planned to open in Khoni and Zugdidi (Samegrelo region).

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