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1. “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.

2. “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.

3. 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.

4. 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.

5. 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.

6. “EPIC DEVELOPMENT” IMPLEMENTS PROJECT “HOUSE ON PLEKHANOV” JOINTLY WITH “ARDI GROUP” AND “BASISBANK”
   (Daily News: April 11, 2012)

   Developer company Epic Development announced that insurance company Ardi Group and Basisbank joined its project House on Plekhanov (Tbilisi, Mazniashvili Street).

   Namely, Ardi Group will fully reimburse paid sum to clients in case of failure with construction terms.

7. “LIBERTY BANK” TO EASE PARTICIPATION IN SERVICE AGENCY’S AUCTIONS
   (Daily News: April 11, 2012)

   Service Agency of Finance Ministry offered new service jointly with Liberty Bank. According to the Agency, new service provides instant reflection of money, deposited in Liberty Bank, on bidder’s account at eauction.ge.

8. DEVELOPMENT OF MICE TOURISM REQUIRES INFRASTRUCTURE, MARKETING ACTIVITIES AND STAFF EDUCATION
   (Daily News: April 11, 2012)

   Development of MICE (Meetings, Incentives, Conferences, Exhibitions) tourism in Georgia requires existence of infrastructure, as well as marketing activity and staff education, head of Georgian Entrance Travel Operators Association Ia Tabagari told Sarke.

   Existence of only one exhibition center in Tbilisi, which has only one exhibition hall at that, is definitely not enough, Tabagari noted.

9. Versia: ““GEORGIAN RAILWAY” FORCIBLY TAKES PROPERTY AWAY FROM 800 PRIVATE OWNERS”
   (Economic Press Monitor: April 11, 2012)

   The newspaper reports that low compensation and inefficient safety measures caused dissatisfaction of 800 owners of property, located within the area of Tbilisi by-pass railway construction.

   Temur Lomsadze, head of human rights unit of oppositional Democratic Movement – United Georgia answers the newspaper’s questions, concerning to this problem.

10. “MCDONALD’S” NEW RESTAURANTS TO BE OPENED IN TBILISI AND BATUMI THIS SUMMER
    (Daily News: April 10, 2012)

    Temur Chkonia, founder of LLC T&K Restaurants (owner of McDonalds’s restaurants in Georgia), declared about opening of new fast-food outlets in Tbilisi and Batumi, planned in summer.

    McDonald’s restaurant on Tsereteli Avenue in Tbilisi will be opened in late June, in Batumi – in July.

11. PARTNERSHIP FUND TO INVEST $3M IN GACHIANI COOL-HOUSE
    (Daily News: April 10, 2012)

    Georgian Partnership Fund is going to invest $3 million in refrigerator facility in Gachiani (Kvemo Kartli region, near Rustavi).

    As the Fund’s chief investment officer Kakha Khizanishvili declared, negotiations regarding additional resources attraction for the project with total cost of $7 million will be brought to end soon.

12. Rezonansi: “SALARIES ARE INCREASED IN THE PRE-ELECTION PERIOD FOR ALL EMPLOYEES OF BUDGETARY ORGANIZATIONS”
    (Economic Press Monitor: April 10, 2012)

    Salaries of City Hall’s low-rank employees are increased since the beginning of this year. Recently, it became known that wages will be increased to all the low-rank employees of budgetary organizations as well, the article notes.

13. “WENDY’S” TO START 15 OUTLETS IN GEORGIA
    (Daily News: April 6, 2012)

    Yesterday, Georgian Wissol Group signed agreement with Wendy’s, the world’s 3^rd largest fast-food company, which envisages development of branded restaurant chain in Azerbaijan and Georgia. Namely, during the next 10 years, 25 outlets should be opened in these countries, including 15 ones – in Georgia.

14. “REPUBLIC” AND “CIFROVIK” LAUNCHED JOINT ACTION
    (Daily News: April 6, 2012)

    Bank Republic announced that customers of electronic device distributor Cifrovik will enjoy interest-free 8-month installment with voided requirement on initial payment. The action will last until end of April.

15. “REPUBLIC” TO SERVE BUSINESS-CLIENTS WITH MOBILE SERVICE-CENTERS DURING A MONTH
    (Daily News: April 6, 2012)

    Bank Republic announced that it will serve business-clients with mobile service-centers during a month. Besides, interest rates for micro- and small business-loans will be decreased by 3 percent points during the action (standard rates for these credits

    start from 16%).

16. “PROCREDIT BANK” WILL BE SUPERVISED ALSO BY “PROCREDIT HOLDING”-MEMBER BANK
    (Daily News: April 6, 2012)

    Georgian ProCredit Bank will have another supervising body, besides National Bank of Georgia, since this year.

    As chairman of ProCredit Bank’s supervisory council Phillip Pott told Sarke, the bank’s owner ProCredit Holding has established bank in Germany, which supervisory council will supervise all banks, included in the group.

17. “SYSTRA” COMPLETED DESIGNING TRAM LINE IN TBILISI
    (Daily News: April 6, 2012)

    City Hall of Tbilisi said that French engineering company Systra has completed work of design of tramline in Tbilisi. The company had started design work in December 2010.

18. SUBSTATION “NAVTLUGI-220” LAUNCHED
    (Daily News: April 6, 2012)

    Georgian Ministry of Energy and Natural Resources reported that substation Navtlugi-220 was launched today. Rehabilitation of this substation cost 7 million lari to Georgian State Electro System.

19. THE 14^TH INTERNATIONAL TOURIST FAIR ATTRACTED UP TO 90 COMPANIES
    (Daily News: April 6, 2012)

    Today, first international MICE (Meetings, Incentives, Conferences, Exhibitions) exhibition and 14^th international tourist fair were opened in Tbilisi ExpoGeorgia exhibition center.

    About 90 organizations, such as travel agencies, holiday complexes and handcraft producers, introduce themselves on 45 exhibition stands.

20. Versia: “WHAT TECHNICAL PROBLEMS AROSE AFTER IMPLEMENTATION OF ELECTRONIC INVOICE?”
    (Economic Press Monitor: April 6, 2012)

    The newspaper reports that problems have been created recently to Tbilisi markets Lilo and Eliava, where traders do not know how to make electronic invoices, as well as to large shop-chains Goodwill and Populi.

    In its turn, computer retailer LLC Algorithm has offered to the entrepreneurs to purchase 600-lari PC and, as separate service, software for electronic invoices.

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