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1. Rezonansi: “MUNICIPAL TRANSPORT IN TBILISI IS MORE EXPENSIVE THAN IN KIEV, BAKU, YEREVAN, MINSK…”
   (Economic Press Monitor: December 27, 2011)

   The article compares cost of municipal transport in Georgia with one of Armenia, Azerbaijan, Russia, Ukraine and Belorussia.

   The cost of travel by subway in Tbilisi makes up 50 tetri, 25 tetri in Minsk, 43 tetri in Yerevan, 44 tetri in Baku, 45 tetri in Kiev.

2. Kviris Palitra: “KAKHA BENDUKIDZE’S ECONOMICS”
   (Economic Press Monitor: December 26, 2011)

   Kakha Bendukidze, chairman of the Supervisory Board of Free University, one of the key authors of Georgian reforms, has discussed economic situation with the newspaper.

   To imagine economic development as a wide corridor, where Georgia started movement in 2004, the course is continued, Bendukidze declares.

3. Kviris Palitra: “WHAT 2012 PROMISES IN ECONOMICS”
   (Economic Press Monitor: December 26, 2011)

   As of expert Soso Archvadze, former chairman of Statistic Department, economic growth will be kept in 2012 as well. Processing industry and agriculture will contribute an important role in the economic development, he declares.

4. NUMBER OF VISITORS TO REACH 2.7M THIS YEAR
   (Daily News: December 23, 2011)

   Ministry of Economy and Sustainable Development expects that number of visitors will reach 2.7 million this year.

   During 11 months of this year, 2.54 million persons have visited Georgia, exceeding in number last year’s showing by 40%.

5. “BEST TOBACCO” SUBJECTED TO INSOLVENCY PROCEEDINGS
   (Daily News: December 22, 2011)

   Tbilisi City Court accepted matter on insolvency of Armenian-Canadian LLC Best Tobacco for proceeding. The application on the matter was submitted by Armenian-Canadian LLC Grand Tobacco.

6. “SILKNET” OFFERS MOBILE AND HOME TELEPHONES IN SINGLE PACK
   (Daily News: December 22, 2011)

   According to SilkNet, subscribers in Tbilisi are offered to pay bills for home telephone and recently announced mobile phone S1 service in single tariff. In case of opt for this double-offer, the company said, subscribers will be allowed to use mobile phone free of charge.

7. “TELASI” TO IMPLEMENT IPO IN 2013
   (Daily News: December 22, 2011)

   According to director general of JSC TELASI (Tbilisi energy distributor) Yuri Pimonov, the company plans to implement initial public offering in 2013.  At this stage, restructuring of debts is being underway in terms to make the company more stable, he said.  No other details, including volume of arrears, are disclosed so far.

   According to the company’s report for 2010, on October 27, 2008, TELASI signed agreement with parent company, envisaging conversion of energy distributor’s indebtedness due to the latter ($388.3 million) into new loan.  The company should have repaid liabilities of 147.5 million lari until end of 2011.

8. “TELASI” INVESTED 27.5M LARI THIS YEAR
   (Daily News: December 22, 2011)

   Director general of JSC TELASI (Tbilisi energy distributor) Yuri Pimonov has declared that the company’s investments in production and non-production spheres made up 27.5 million lari this year.  Next year, up to 26 million lari is planned to invest in the company’s development.

   Pimonov declared about the mentioned at the annual summarizing press-conference today.

9. Liberali: “SHOW AND ENTERTAINMENT FOR UNEQUAL DEVELOPMENT”
   (Economic Press Monitor: December 22, 2011)

   The journal reports that New Year expenses of Tbilisi City Hall totals to 3 million lari.

   According to the oppositional Republican Party, totally 9 million lari has been spent for entertainment arrangements in 2011.

10. Rezonansi: “AT LEAST 1,000 PEOPLE LOST JOBS IN THE EVE OF THE NEW YEAR”
    (Economic Press Monitor: December 22, 2011)

    According to the newspaper’s calculations, about 1,000 people have lost their jobs within past 10 days.

    Namely, 200 employees were dismissed last week in Batumi Sea Port, while 600 – in Poti Sea Port.

11. “CIFROVIK” TO OPEN SECOND STORE IN TBILISI
    (Daily News: December 21, 2011)

    PC distributor company Cifrovik announced that the second store will be opened in Tbilisi tomorrow (Vazha-Pshavela Ave. 17). To remind, the first outlet was opened on Gamsakhurdia Avenue a short time ago.

12. FORMER BUILDING OF JUSTICE MINISTRY BROUGHT ON AUCTION
    (Daily News: December 21, 2011)

    Economy and Sustainable Development Ministry brought on auction former building of Justice Ministry (Tbilisi, Rustaveli Ave. 30).

    The matter concerns non-agriculture land plot of 3,302 square m and 5 buildings.

13. ISRAELI COMPANY TO RESUME CONSTRUCTION OF HOTEL IN TBILISI
    (Daily News: December 21, 2011)

    Georgian-Israel Business Chamber has reported that Israeli company City-M will resume construction of hotel apartments in Tbilisi (Gudiashvili Str. 3), which was halted for certain period.

    Management of 5-star hotel will be undertaken by Rixos brand.

14. CONSUMER BASKET TO BE BASED ON NATIONAL REPORTS’ SYSTEM SHOWINGS
    (Daily News: December 21, 2011)

    Sakstat informed that from January 2012, consumer basket will be based on consumption structure defined by national reports system. The basket will be updated annually.

15. TBILISI CENTRAL HOSPITAL OFFERED FOR SALE WITH DISCOUNT
    (Daily News: December 20, 2011)

    The Ministry of Economy and Sustainable Development has re-announced auction on whole stake in the state-owned LLC Tbilisi Central Hospital. Now, starting price makes up 1.5 million lari instead of previous 1.7 million lari.

16. FMO TO ALLOT $20M TO “SBRE”
    (Daily News: December 20, 2011)

    Sakartvelos Banki (Bank of Georgia) has reported that Dutch Development Fund (FMO) will allot $20 million to the bank’s subsidiary real estate company SBRE.

    The funds will be used for construction of dwelling house in Tbilisi, the bank noted.

17. ALADASHVILI UNIVERSITY CLINIC OFFERED ON AUCTION
    (Daily News: December 19, 2011)

    Economy and Sustainable Development Ministry has announced auction on real estate in Tbilisi, located on Uznadze Str. 103. Starting price of the object, being occupied by Aladashvili University Clinic, is defined by 1.6 million lari.

18. “LIBERTY BANK” OPENED REGIONAL BRANCH IN BATUMI
    (Daily News: December 16, 2011)

    Liberty Bank has reported that after Gori, regional branch is opened in Batumi as well. Besides this branch, the bank already runs 10 service-centers in this city.

19. AGRICULTURE MINISTER: MAJOR PRIORITY WILL BE REPLACEMENT OF IMPORT WITH LOCAL PRODUCTION
    (Daily News: December 16, 2011)

    According to Agriculture Minister Zaza Gorozia, the key priority will be to achieve replacement of import with local production as soon as possible. Next year, the Ministry will place focus on popularization of Georgian production and facilitation to markets’ diversification.

20. Rezonansi: “WATER BILLS TO INCREASE FOR PART OF TBILISI RESIDENTS SINCE NEW YEAR”
    (Economic Press Monitor: December 16, 2011)

    LLC GWP, Tbilisi water company, said that definition of consumers’ number and charging of water fee will be implemented since New Year according to data of Civil Register. The matter concerns calculation of bills to consumers in Tbilisi, according to number of persons, registered on particular address.

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