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1. ABOUT 100 BUSINESS REPRESENTATIVES PARTICIPATE IN GEORGIAN-TURKISH FORUM
   (Daily News: June 15, 2012)

   Tbilisi hosts 2-day business forum “Trade and Investments Bridge of Georgia and Turkey”, being attended by 100 business representatives around.

   The following spheres are represented at the event: agriculture and food industry, construction materials, consulting, tourism, IT and communications, packing, transport and logistics.

2. Versia: “WHAT DOES IT COST TO THE BUDGET TO GROW TEACHERS AND DOCTORS’ MOTIVATION?”
   (Economic Press Monitor: June 15, 2012)

   Not so long ago, a strange article “growth of motivation for the teachers” has suddenly appeared in Tbilisi budget, the newspaper reports. Approximately 500,000 lari has been allocated for this purpose.

3. Rezonansi: “HORSEMEAT KHINKALI AND “GOODWILLIAN” SOY DUMPLINGS”
   (Economic Press Monitor: June 14, 2012)

   National Food Agency points at problems, existing on the meat market. In particular, an unscheduled inspection has revealed horsemeat on the market.

4. Rezonansi: “IVANISHVILI DOES NOT PAYING THE FINE, HIS PROPERTY IS IN DANGER OF SEIZURE”
   (Economic Press Monitor: June 14, 2012)

   As of the newspaper, the oppositional billionaire Bidzina Ivanishvili will not pay a fine of almost 150 million lari, imposed by Tbilisi city court. His lawyers have appealed against the court decision in Court of Appeal.

5. “ALITALIA” TO LAUNCH ROME-TBILISI FLIGHTS ON JULY 3
   (Daily News: June 13, 2012)

   According to Giovanni Simonini, regional manager of Italian air carrier Alitalia, flights between Rome and Tbilisi will start on July 3 by Airbus-320 jet.

   At the starting stage, the company is going to perform 2 flights a week (Tuesday and Sunday), but the frequency will be increased in case of demand, Simonini said at the press conference yesterday.

6. 1,500 VOUCHERS TO BE ISSUED AT THE SECOND STAGE OF VOCATIONAL EDUCATION PROGRAM
   (Daily News: June 13, 2012)

   Ministry of Education and Science starts the second stage of issuing vouchers to seekers of vocational education. Now, 1,500 vouchers with value of 1,000 lari per each are planned to issue.

7. EPI CONSULTANT: TRADE DEVELOPMENT REQUIRES “ONE WINDOW” PRINCIPLE AT CUSTOMS CHECK POINTS
   (Daily News: June 13, 2012)

   Tom Kennedy, consultant of USAID-funded Economic Prosperity Initiative (EPI), considers that “one window” principle is required at customs checkpoints in terms to develop transborder trade. It will save forwarders’ time and money, he notes.

8. “SAKARTVELOS BANKI” EXPANDS NETWORK OF “EXPRESS” SERVICE-CENTERS
   (Daily News: June 12, 2012)

   Sakartvelos Banki (Bank of Georgia) reported about opening of Express service-center in Smart supermarket in Akhaltsikhe (Samtskhe-Javakheti region).

   At this stage, Express service-centers in regions are operating in Smart supermarkets (owner – Wissol Petroleum Georgia) on Gori section of East-West highway and in Marneuli (Kvemo Kartli region).

9. “TAO” TO TAKE “TBILISI TRANSPORT COMPANY” TO COURT
   (Daily News: June 12, 2012)

   Insurance company Tao will file a suit against Tbilisi Transport Company. As Tao claims, information, provided by Tbilisi Transport Company to Competition and State Procurement Agency, is untrue.

10. EPI SUPPORTS STAFF TRAINING FOR GARMENT INDUSTRY
    (Daily News: June 12, 2012)

    USAID-funded Economic Prosperity Initiative (EPI) envisages training of staff for garment industry. Such projects are implemented in Tbilisi, Batumi, Kutaisi and Ozurgeti.

11. “PROGRESS BANK” OPENED FIRST REGIONAL SERVICE-CENTER
    (Daily News: June 11, 2012)

    Progress Bank opened its first regional service-center in Batumi (Chavchavadze Str. 97). So far, the bank was represented by head office and one branch in Saburtalo district of Tbilisi.

12. INSURANCE COMPANY “TAO” IS PROHIBITED FROM PARTICIPATION IN STATE TENDERS FOR A YEAR
    (Daily News: June 11, 2012)

    Competition and State Procurements Agency informed that insurance company Tao was banned to take part in the state tenders for 1 year.

    The Agency placed the company in “black list” due to insufficient provision of insurance and pension service to LLC Tbilisi Transport Company.

13. “AEGEAN AIRLINES” LAUNCHED FLIGHTS TO GEORGIA
    (Daily News: June 11, 2012)

    Greek air company Aegean Airlines performed the first Athens-Tbilisi-Athens flight today.

    As Tbilisi office of the company told Sarke, occupancy rate for the first flight made up 70%.

14. FOREIGN SECTOR STATISTICS ARE CONSIDERED ON REGIONAL CONFERENCE IN TBILISI
    (Daily News: June 11, 2012)

    National Bank of Georgia (NBG) hosts 2-day regional conference, scoping issues related to foreign sector statistics.

    Besides Georgian specialists, experts from Armenia, Kazakhstan, Lithuania and Ukraine took part in the event.

15. FC “DYNAMO” ACQUIRED TENNIS COURTS OF LLC “GT+”
    (Daily News: June 8, 2012)

    Football club Dynamo acquired sporting complex (tennis courts) of LLC GT+, subsidiary of VTB Bank Georgia. GT+ told Sarke that selling agreement was signed in April, but refrained to name cost of the deal.

16. TBILISI RAIL-WELDING PLANT INTENDS TO PARTICIPATE IN TBILISI BYPASS RAILWAY PROJECT
    (Daily News: June 8, 2012)

    Tbilisi rail-welding plant hopes to provide service for the project on Tbilisi bypass railway construction. For that end, the plant is going to take part in appropriate tender, in case it will be announced by Georgian Railway.

17. ILIA UNIVERSITY: AVERAGE RATES FOR GOLD-PAWNED LOANS MAKE UP 7.08% IN PRIVATE PAWNSHOPS, 3.4% – IN MICRO-FINANCIAL ORGANIZATIONS AND 3.25% IN BANKS
    (Daily News: June 7, 2012)

    Ilia State University’s Center for Economic Studies and Consulting said that average rates for gold-pawned loans make up 7.08% in private pawnshops, 3.4% in micro-financial organizations and 3.25% – in commercial banks.

    The Center conducted study on May 20-20, which applied to 6 banks, 5 micro-financial organizations and 12 private pawnshops, located in various districts of Tbilisi.

18. REGULATORY COMMISSION FINED “GLOBAL CONTACT CONSULTING”
    (Daily News: June 6, 2012)

    National Communication Commission imposed fine of 5,000 lari to LLC Global Contact Consulting.

    As the Commission said, on May 15 it had received application of LLC RealComm, which claimed problems with usage of licensed radio-frequency band.

19. TBILISI BRANCH OF TURKISH “ZIRAAT BANK” STARTED ISSUANCE OF DEBET CARDS
    (Daily News: June 6, 2012)

    Tbilisi branch of Turkish Ziraat Bank has started issuance of local debet cards. As the branch told Sarke, these cards may be used in Georgia only, while cash withdrawal is available through ATMs of Ziraat Bank and TBC Bank only.

20. CONTAINER TERMINAL IN POTI TO START OPERATION SOON
    (Daily News: June 6, 2012)

    Director general of LLC Georgian Railway Transcontainer (subsidiary of JSC Georgian Railway) Mirza Dolidze told Sarke that container terminal in Poti to start operation soon. All main works are already completed and only finishing is underway, which should be completed in next few days, he said.

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