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1. LLC “LECHKOMBINATI” ACQUIRED “MEDICAL DIAGNOSTIC CENTER OF JAVAKHISHVILI UNIVERSITY”
   (Daily News: April 3, 2012)

   LLC Lechkombinati (Curing Complex) acquired for 404,000 lari LLC Medical Diagnostic Center of Ivane Javakhishvili University through the auction. Starting price of made up 400,000 lari.

2. NUMBER OF VEHICLES, REGISTERED IN GEORGIA, MADE UP 745,232 IN 2011
   (Daily News: April 3, 2012)

   Interior Ministry reports that number of vehicles, registered in Georgia, made up 745,232 as of end of 2011. This showing exceeds by 7.4% figures of 2010.

3. Rezonansi: “TEXTILE INDUSTRY IS ON ZERO LEVEL IN GEORGIA”
   (Economic Press Monitor: April 3, 2012)

   The newspaper reminds that Georgia had produced millions of square meters of silk cloth 12-15 years ago, which were sold on local market, as well as delivered for export. However, silk thread and cloth are not produced by now.

4. PIPIA PEOPLE’S CLINICAL HOSPITAL AUCTIONED FOR 475,000 LARI
   (Daily News: April 2, 2012)

   Ministry of Economy and Sustainable Development put on auction state share in LLC Academician Pipia People’s Clinical Hospital. Starting price of the hospital, locating in Tbilisi (Tevdore Mgvdeli Str. 13), makes up 475,000 lari.

5. “GEORGIAN BEER COMPANY” LAUNCHED ITS BREWERY
   (Daily News: April 2, 2012)

   Georgian Beer Company launched brewery in Saguramo (near Tbilisi), which will produce beer under Zedazeni trademark. Retail price of this beer is expected to be 1.50 lari (0.5 l bottle).

6. EBRD, IFC, FMO AND BSTDB TO INVEST $40M IN CAUCASUS GROWTH FUND
   (Daily News: March 30, 2012)

   Representatives of International Financial Institutes announced that European Bank for Reconstruction and Development (EBRD), International Financial Corporation (IFC, member of the World Bank group), Netherlands Development Bank (FMO) and Blacks Sea Trade and Development Bank (BSTDB) will invest $40 million in Caucasus Growth Fund.

   Additional $2 million will be allotted by Small Enterprises Assistance Funds (SEAF), which will undertake management of Caucasus Growth Fund.

7. MEMBERS OF AGRI LNG OFFER THE PROJECT TO COMMERCIALLY INTERESTED ENTITIES
   (Daily News: March 29, 2012)

   The states, participating in AGRI LNG project, express desire to sell the project to commercially interested entities, said Liana Jervalidze, expert being directly involved in the project.

   The project AGRI LNG envisages construction of terminals for liquified Azeri gas on Black Sea coasts of Georgia and Romania for supplying to European markets.

8. IFC WITH ITS PARTNERS TO ALLOT $100M TO GEORGIA
   (Daily News: March 29, 2012)

   International Financial Corporation (IFC) and its partners will allocate $100 million to Georgia this year, IFC’s Director for Europe and Central Asia Tomasz Telma declared.

   Telma, being with visit in Tbilisi, noted that IFC significantly increased its financing for Georgia for the last 3-4 years, so the volume makes up $100 million annually now.

9. GEORGIAN PRESIDENT EXPECTS HUNDREDS OF MILLIONS OF DOLLARS TO BE INVESTED FROM SOUTH KOREA
   (Daily News: March 29, 2012)

   President of Georgia Mikheil Saakashvili declared that many projects were planned with business circles of South Korea and several memorandums were signed yesterday. “The matter concerns investments of several hundreds of millions of dollars, which will be made after their arrival”, he said, apparently meaning Korean businessmen.

10. PRIVATE ENTITY BOUGHT “ROAD POLICLINIC” AND “MATERNITY CENTER – FUTURE”
    (Daily News: March 28, 2012)

    Private individual Tengiz Gagua acquired LLC Road Policlinic and LLC Maternity Center – Future for 1.25 million lari.

    Starting price of these objects, located on the same address in Tbilisi (Tevdore Mgvdeli St. 11) and offered in one lot, was 1.2 million lari.

11. “TELASI” HAS NEW HEAD
    (Daily News: March 28, 2012)

    JSC TELASI (Tbilisi energy distributor) announced that the company’s supervisory board made decision to appoint Ashot Manukyan as director general of the company.

    Since February 2011, Manukyan occupied office of director general in Armenian open joint stock company Razdan Energy Company (Razdan heat power station).

12. WB ALLOCATED $60M FOR KAKHETI DEVELOPMENT
    (Daily News: March 28, 2012)

    The World Bank allocated lax credit of $60 million to Georgian government for implementation of development project in Kakheti region. Credit duration is 28 years, with grace period of 7 years.

13. REALTY OF 301 SQUARE M IN TBILISI IS OFFERED ON SALE FOR 850,000 LARI
    (Daily News: March 27, 2012)

    Ministry of Economy and Sustainable Development sells real property in Tbilisi for 850,000 lari. The matter concerns area of 301 square m, located on Vazha Pshavela Ave. 5

    (Saburtalo district), with attached shared non-agriculture land plot.

14. ECONOMIC REGISTRATION ZONE OPENED NEAR TBILISI AIRPORT
    (Daily News: March 27, 2012)

    Finance Ministry reported that economic registration zone Airport, compliant to international standards, was opened in Tbilisi today. Construction of the zone, which is located on the territory of former clearance center near Tbilisi International Airport, was completed within 5 months.

15. Rezonansi: “HOTEL PRICES ARE HIGHER IN GEORGIA THAN IN EUROPE”
    (Economic Press Monitor: March 27, 2012)

    As the article notes, average cost of stay in Tbilisi hotel Radisson Blu Iveria makes up 642 lari per day, while in Tbilisi Marriott – 300 lari. At that, average cost in Warsaw makes up 203 lari, in London – 370 lari, in Moscow – 420 lari and in Sydney – 436 lari.

16. “SILKNET” OFFERED “SMS BOOM”
    (Daily News: March 26, 2012)

    Operator SilkNet announced about launch of SMS Boom, extra service available for subscribers of the company’s mobile service S1, as well as for all tariff packs of wireless fixed CDMA phones.

    After activation of the service, subscriber gets pack of 1,000 SMS, which may be used within 30 calendar days.

17. “TELASI” INCREASES CHARTERED CAPITAL BY 31.28M LARI
    (Daily News: March 26, 2012)

    JSC TELASI (Tbilisi energy distributor) reported on planned growth of chartered capital by 31.28 million lari. Shareholders of the JSC made this decision at extraordinary meeting, held recently.

18. Kviris Palitra: “WHAT CONSTRUCTION SECTOR NEEDS FOR DEVELOPMENT?!”
    (Economic Press Monitor: March 26, 2012)

    Giorgi Kapanadze, director general of construction company Axis, estimates situation in construction sector as post-crisis period. There is not a problem of selling finished apartments, but we have their deficit, he notes.

19. “LIBERTY BANK” INCREASES LENGTH OF WORKING DAY IN SOME OUTLETS
    (Daily News: March 23, 2012)

    Liberty Bank said that 24-hour service is available now in 3 service-centers. Out of them, 2 are located in Tbilisi (Chavchavadze Avenue and Kostava Street) and 1 – in Batumi (King Parnavaz Street).

20. “IRAO MAGNAT GUDIASHVILI” TO CARRY OUT REHABILITATION OF GUDIASHVILI SQUARE
    (Daily News: March 23, 2012)

    Tbilisi City Hall said that Tbilisi Development Fund and Irao Magnat Gudiashvili signed agreement, which charges the company to implement rehabilitation of Gudiashvili Square. In future, constructions will be passed in ownership to this company.

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