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1. ILIA UNIVERSITY: HIGHEST PRICE IN NEW HOUSES OF TBILISI IS FIXED IN AVLABAR, WHILE LOWEST – IN ISANI-SAMGORI DISTRICT
   (Daily News: April 26, 2012)

   Economic Research and Consultation Center of Ilia State University said that the highest price in new buildings of Tbilisi (so called “white carcass”) is fixed in Avlabar – $3,000 per 1 square m. The lowest one is observed in Isani-Samgori district – $480.

2. GEORGIAN AND KOREAN BUSINESSMEN DISCUSSED COOPERATION PROSPECTS
   (Daily News: April 26, 2012)

   Prospects of cooperation between Georgian and South Korean businessmen were discussed on business-forum, held in Tbilisi today. Korean delegation consisted of representatives of 50 companies, engaged in finances, manufacturing, oil and gas, chemical industry, energy, trade and telecommunication.

3. Versia: “RUSSIAN MARKET IS OPENED EXCLUSIVELY FOR “ZEDAZENI”?”
   (Economic Press Monitor: April 25, 2012)

   Kakha Paichadze, commercial director of Georgian Beer Company, said that production of brewery Zedazeni is already sent to the Russian market. Distribution of 45,000 bottles of lemonade in Russia will be implemented by company Mir Napitkov.

4. FIRST A-CLASS LOGISTIC CENTER TO BE BUILT IN TBILISI
   (Daily News: April 24, 2012)

   First A-class logistic center TLC will be built in Tbilisi, pretending to become key link of Caucasus regional transport network. The works are planned to launch in the end of this year, while the center should be completed in the end of 2013.

5. ELECTRICITY SUPPLY TO ENERGY DISTRIBUTORS INCREASED, WHILE TO DIRECT CONSUMERS – DECLINED
   (Daily News: April 24, 2012)

   According to Electric System Commercial Operator, 2.7 billion KWh was supplied to consumers in the 1^st quarter. This volume exceeds by 7.5% the showing of the same period of 2011.

6. Rezonansi: “THE GOVERNMENT AND THE OPPOSITION COMPETE IN OVERVALUATION OF ASSESSMENT CRITERIA”
   (Economic Press Monitor: April 24, 2012)

   Zurab Chiaberashvili, Minister of Labour, Health and Social Welfare, said that having vacuum cleaner or PC does not prevent applying status of socially vulnerable anymore.

   However, New Rights continue to regard the evaluation methodology vague.

7. FINANCE MINISTRY’S FORMER BUILDING SOLD FOR 7M LARI
   (Daily News: April 23, 2012)

   Former building of the Finance Ministry was sold on auction for 7 million lari. Starting price made up 6.9 million lari.

8. PUBLIC OFFER OF “TELASI” TO EXPIRE ON MAY 22
   (Daily News: April 23, 2012)

   Tbilisi energy distributor JSC TELASI announced public offer on newly issued shares. According to the emission prospect, shareholders should apply for buy-out of the shares until May 22.

9. GEORGIAN AND CZECH BUSINESS CONSIDER COOPERATION PROSPECTS
   (Daily News: April 23, 2012)

   Georgian-Czech business-forum, held in Tbilisi today, considered cooperation prospects between businesses of the two countries.

   Georgian National Investment Agency reported that Czech delegation includes representatives of such fields as agriculture, distribution, industry, construction, consulting and finance.

10. REAL ESTATE ON NINOSHVILI STREET IS OFFERED ON SALE FOR 1.2M LARI
    (Daily News: April 20, 2012)

    Ministry of Economy and Sustainable Development sells real property in Didube-Chugureti district of Tbilisi for 1.2 million lari.

    The matter concerns 3 buildings with total area of 2,554 square m and shared land site, located on Ninoshvili Str. 55.

11. “MAGTICOM” FILED A SUIT AGAINST REGULATING COMMISSION
    (Daily News: April 20, 2012)

    Mobile operator MagtiCom said that it has filed a suit against National Communication Commission in Tbilisi City Court.

    The action is sued against decision of the Commission of March 29, according to which MagtiCom was fined with 30,000 lari.

12. “ANODINE HOLDINGS” PLANS TO BUY OUT 12.9% IN “KAVKAZ CEMENT”
    (Daily News: April 20, 2012)

    The US company Anodine Holdings LLC plans to buy out 12.9% in Kavkaz Cement. Regarding the mentioned, the company announced bid invitation.

13. “SILK ROAD GROUP” TO BUILD HOTEL IN TSINANDALI
    (Daily News: April 20, 2012)

    Silk Road Group said that it starts construction of hotel in Tsinandali (Kakheti region). Architectural project of this hotel, named Radisson Wine Resort at Tsinandali, was designed by the US company John Fotiadis Architect PLLC (JFA).

14. Versia: “ZURAB NOGAIDELI’S SEQUESTRATED PROPERTY WILL BE SOLD BY AUCTION ON APRIL 20”
    (Economic Press Monitor: April 20, 2012)

    According to the court decree, Zurab Nogaideli, ex-Premier and former chairman of movement Fairness to Georgia, has been charged to pay 325,093 lari in favor of this oppositional movement before April 20. After expiration of this term, Nogaideli’s sequestrated property will be auctioned.

15. ILIA UNIVERSITY’ RESEARCH: CUSTOMERS IN TBILISI PREFER “NABEGLAVI”
    (Daily News: April 19, 2012)

    According Ilia University’s Center of Economic Research and Consultation, customers in Tbilisi prefer mostly Nabeglavi among mineral waters.

    The Center’s study of Tbilisi market applied to 5 local brands – Nabeglavi, Likani, Borjomi, Sairme and Plate.

16. “SAKARTVELOS BANKI” TO PLACE EXPRESS-CENTERS IN “SMART” SUPERMARKETS
    (Daily News: April 19, 2012)

    Location of Sakartvelos Banki (Bank of Georgia) express-centers in supermarkets of Smart chain is envisaged by cooperation memorandum, which should be signed between the bank and the chain’s owner Wissol Group tomorrow.

    Service in express-centers will be available during 24 hours.

17. “TBC BANK” TO OPEN NEW BRANCH IN TBILISI
    (Daily News: April 18, 2012)

    TBC Bank plans to open new branch in Tbilisi, acquiring for that end real property in Digomi on the auction, announced by Ministry of Economy and Sustainable Development. TBC Bank paid 376.96 square m for the object of 376.96 square m.

18. Versia: “REMITTANCES – THE ONLY SOURCE OF INCOME FOR MAJORITY IN GEORGIA”
    (Economic Press Monitor: April 18, 2012)

    Ketevan Tsikhelashvili, director of Tbilisi Liberal Academy, says that in 2011 foreign direct investment amounted in Georgia to $980 million, while money transfers exceeded $1.268 million. Last year, share of remittances in GDP was 9.2%, while share of country’s agriculture, employing 54% of country’s population, made up 8.5% only.

19. GEORGIA DISCUSSES NEW PROJECTS WITH ADB
    (Daily News: April 17, 2012)

    New projects were discussed during the meeting, which was held in Georgian Finance Ministry with vice-president of Asian Development Bank (ADB) Xiaoyu Zhao.

    As the Ministry reported, the projects, planned to implement through ADB’s support, include construction of new highway Tbilisi-Rustavi, shore protection in Anaklia, bridges construction, etc.

20. ITALY IS READY TO ALLOT 30M EUR FOR TRADE-INVESTMENT PROJECTS IN GEORGIA
    (Daily News: April 17, 2012)

    Georgian Chamber of Commerce and Industry (GCCI) informed that Italy is ready to allot 30 million EUR in terms to fund trade-investment projects in Georgia.

    Readiness to cooperate with Georgia was expressed by representatives of Investment Agency of Italy’s Finance Ministry during working visit of GCCI head Kakha Baindurashvili in this country.

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