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1. “SILKTV” ADDS 3 NEW SERVICES
   (Daily News: February 8, 2012)

   Communication operator SilkNet said that 3 new services (Silk Wallet, Smart Supermarket and Aldagi BCI’s special offer) are available to subscribers of SilkTV, IPTV service of the company.

   Silk Wallet provides payment of various bills through TV set (like through instant payment devices).

2. “MAGTICOM” OFFERS HSPA+ CONNECTION
   (Daily News: February 7, 2012)

   Mobile communications company MagtiCom announced that consumers are able to use wireless internet of HSPA+ standard for the first time in the country. This standard provides up to 21 Mbps for mobile internet access.

3. “DEXUS” PAID BANKING LIABILITIES OF “CENTER POINT”
   (Daily News: February 7, 2012)

   Management company Dexus reported about payment of 7.7 million lari to TBC Bank (credit arrears of Center Point, which assets are managed by Dexus since 2010). As a result, mortgage was removed from 5 objects, the company said.

4. “IC GROUP” OFFERED ACTION ON CAR INSURANCE
   (Daily News: February 7, 2012)

   Insurance company IC Group announced that those customers, who apply for car insurance in February, will get 100-lari voucher, available for use in Tbilisi shops, entertainment and health centers.

   As the company told Sarke, voucher will be handed to a client in case of payment of annual premium at once and purchase of civil liability insurance policy for land transport.

5. Rezonansi: ““KAZTRANSGAZ-TBILISI” IS UNABLE TO PAY DEBTS – WHAT FATE EXPECTS THE COMPANY”
   (Economic Press Monitor: February 7, 2012)

   The newspaper, referring to own source, reports that KazTransGaz-Tbilisi (Tbilisi gas distributor) is unable to pay debts of many millions, so it applied again to National Energy and Water Regulating Commission with request to extend the term for repayment.

   The newspaper’s request on comment, submitted to press-service of the company, failed in vain.

6. “VTB BANK GEORGIA” OPENED NEW ROUND-THE-CLOCK BRANCH
   (Daily News: February 6, 2012)

   VTB Bank Georgia has opened new branch in Tbilisi today (Chavchavadze Ave. 2), which will provide round-the-clock banking service during 7 days a week. This is already the second branch of the bank, working in such mode.

7. “FIRST CLINICAL LLC” SOLD FOR 590,000 LARI
   (Daily News: February 3, 2012)

   Economy and Sustainable Development Ministry has sold state share in LLC First Clinical LLC for 590,000 lari (starting price plus single step). The object was acquired by LLC Reanimation, the only participant of today’s auction.

8. “TELASI” FINED WITH 5,000 LARI
   (Daily News: February 2, 2012)

   National Communication Commission imposed fine of 5,000 lari on JSC TELASI (Tbilisi energy distributor) for unauthorized use of frequencies.

   As the Commission said, TELASI used, without necessary licenses, frequences 413.100 MHz, 423.300 MHz, 423.700 MHz, 423.900 MHz, 424.100 MHz, 424.300 MHz, 425.200 MHz and 425.800 MHz.

9. Rezonansi: “TBILISI IS READY TO PAY OFF WITH MONEY AND WEAPONS FOR OFFICIALS’ MISTAKES”
   (Economic Press Monitor: February 2, 2012)

   The article reviews details of dispute between Georgia and Israeli military equipment manufacturer Elbit Systems.

   This year, Georgia has to pay to this company $35 million and return part of weapons, supplied in 2007-2008.

10. “QATAR AIRWAYS” STARTS TBILISI-DOHA FLIGHTS FROM TODAY
    (Daily News: February 1, 2012)

    Qatar national air carrier Qatar Airways starts Tbilisi-Doha regular flights from today. The company’s Airbus-320 will land off in Tbilisi International Airport this night.

11. CONSTRUCTION OF 1,633 OBJECTS WAS COMPLETED IN 2011
    (Daily News: January 31, 2012)

    According to Sakstat, construction of 1,633 objects was completed in 2011, corresponding to 801,353 square m in total.

    Biggest share (43.1%) had residential houses.

12. Rezonansi: “AFTER TBILISI, PRINCIPLE OF SINGLE BILL IS INTRODUCED IN REGIONS AS WELL”
    (Economic Press Monitor: January 31, 2012)

    Referring to Batumelebi newspaper, the article reports that Batumi Sakrebulo (city council) decided to introduce unified billing system for communal utilities (electricity, water and waste removal).

    For preparation of single bill, local budget allotted 370,000 lari to regional electricity distributor EnergoPro Georgia.

13. “DEXUS DEVELOPMENT” TO CONSTRUCT TRADE CENTER “UNI MALL”
    (Daily News: January 30, 2012)

    Dexus Development announced plans on construction of trade center Uni Mall in Tbilisi. This 3-storey multi-functional building of the center will be located near Eliava market.

14. “TBILISI REGISTER” ACCOUNTED FOR OVER A HALF OF TOTAL DEALS ON SECURITIES
    (Daily News: January 30, 2012)

    According to Georgian Stock Exchange, JSC Tbilisi Register reissued in 2011 securities of 6.7 million lari. This volume accounts for 54% of total showing of Georgian independent registrars.

15. TBILISI ACCOUNTS FOR 78.8% OF ISSUED CREDITS
    (Daily News: January 30, 2012)

    According to National Bank of Georgia, Tbilisi continues accounting for the lion’s share of banking credits. As of January 1, 2012, credits of 5.9 billion lari (i.e. 78.8% of total volume) were issued in Tbilisi, increasing by 20.5% up year-on-year.

16. Kviris Palitra: “BUSINESS TO THE LAST DROP OF WATER”
    (Economic Press Monitor: January 30, 2012)

    According to GWP (Tbilisi water company), individual water meters will be installed for customers in this year, which will cost them per 100 lari. The company promises to extend the payment for several months, considering social condition of population.

17. “GOODWILL” TO LAUNCH OWN PRODUCTION BRAND
    (Daily News: January 26, 2012)

    Chain of supermarkets Goodwill is going to launch own production brand, Marche, starting from May 2012.

    As director general of the company Mikheil Charkviani said at the press conference today, the company invested 30 million EUR in this project.

18. “GOODWILL” PLANS TO INVEST $20M IN BUSINESS EXPANSION THIS YEAR
    (Daily News: January 26, 2012)

    Georgian chain of supermarkets Goodwill plans investment of $20 million in business expansion this year.

    As director general of the company Mikheil Charkviani announced today, Goodwill plans to open trade centers in Tbilisi (Vake and Gldani districts) and Batumi during 2012.

19. Rezonansi: “CITIZENS THREATEN CIVIL REGISTER WITH LEGAL ACTIONS”
    (Economic Press Monitor: January 26, 2012)

    New methodology of water tariff charge (depending on number of persons, registered in apartment according to Civil Register’s database), introduced this year in Tbilisi, has created problems to part of the population. GWP, Tbilisi water company, declares that new rules are not established by them, and the company only follows to the legislative demands.

20. Rezonansi: “BREAD HAS NOT BEEN DECREASED IN PRICE AND WILL NOT BE REDUCED FURTHER”
    (Economic Press Monitor: January 26, 2012)

    Cost of one sack of flour, making 55-60 lari in previous year, amounts to 30-35 lari in this year. Despite such sharp decrease, very few companies decreased insignificantly bread in price, the newspaper notes.

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