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1. CENTER FOR DRUG QUALITY CONTROL IS AUCTIONED FOR 340,000 LARI
   (Daily News: August 11, 2011)

   Georgian Ministry of Economy and Sustainable Development announced auction on selling state-owned Center for Drug Quality Control. Starting price makes up 340,000 lari.

2. PART OF PROPERTY OF LLC “MAGNATE 2006” SOLD FOR 408,000 LARI
   (Daily News: August 11, 2011)

   Bankruptcy manager of LLC Magnate 2006 declared that first lot of the company’s property was sold on recent auction. The property was acquired for 408,000 lari by LLC Oil-Products’ Distribution Corporation.

3. TURNOVER OF SERVICE AGENCY’S ONLINE AUCTIONS AMOUNTED TO 90M LARI
   (Daily News: August 11, 2011)

   Finance Ministry’s Service Agency reported that turnover of e-auctions’ website totaled to 90 million lari in this year. The website has 8,000 visitors daily, the Agency notes.

4. ALTERNATIVE AUDIT TO BE AVAILABLE FOR ENTERPRISES WITH TURNOVER BELOW 10,000 LARI ALSO
   (Daily News: August 11, 2011)

   Revenue Service of the Finance Ministry declared that enterprises with small turnover (i.e. below 100,000 lari a year) will be involved in “Alternative Audit” project also. For the moment, 20 such enterprises and up to 20 auditors are selected for participation in the project in Tbilisi.

5. Rezonansi: “YOUTHS LEFT WITHOUT SUMMER JOBS”
   (Economic Press Monitor: August 11, 2011)

   As the newspaper notes, companies offer temporary employment mainly in summer, when their permanent staff is on summer holidays. Besides, hiring freelancers is very profitable for the company, when they really need a staff, but do not want to pay.

6. Rezonansi: “PASSENGERS TRANSPORTATION HAS REACHED ITS PEAK”
   (Economic Press Monitor: August 11, 2011)

   As the newspaper notes, all type of transport increased activity in transportation from Tbilisi to the regions due to tourist season.

   Because of increased traffic, Georgian Railway and Georgian Airways have added new routes.

7. BANKRUPTCY OF “SAKABRESHUMI” LAUNCHED
   (Daily News: August 10, 2011)

   Tbilisi city court launched case on bankruptcy of JSC Sakabreshumi (Georgian Silk). The case was initiated by the company’s director Eteri Minadze.

8. TBILISI RAIL-WELDING PLANT IS AUCTIONED FOR 3.3M LARI
   (Daily News: August 10, 2011)

   Ministry of Economy and Sustainable Development announced auction of selling LLC Tbilisi Rail-Welding Plant. Starting price of the state-owned stake of 100% is 3.3 million lari.

9. TWO STATE-OWNED HOSPITALS TO BE SOLD DIRECTLY
   (Daily News: August 10, 2011)

   The government considered issue of direct selling of 2 state-owned hospitals at the meeting today. The matter concerns Kurashvili children’s clinical hospital #1 and maternity house #2, both located in Tbilisi.

10. STATE-OWNED SHARES TO BE PLACED ON INTERNATIONAL EXCHANGES
    (Daily News: August 10, 2011)

    Georgian Prime Minister Nika Gilauri declared that the government considers legislative amendments, connected to privatization issues.

    These amendments should allow placement of the state-owned shares of large companies on international exchanges (London, New York, Warsaw, etc.), Gilauri said at the government meeting today.

11. Rezonansi: “IDPS DECLARE THAT THEY ARE EVICTED AS MINISTER’S BROTHER ACQUIRED “APKHAZETI””
    (Economic Press Monitor: August 10, 2011)

    IDPs, living in hotel Apkhazeti, located on Vazha Pshavela Avenue in Tbilisi, have received notifications of eviction on August 5. About 300 families, expelled from Tskhinvali region, have been living in the hotel from 1992.

12. Rezonansi: “GOLD PRICE WILL INCREASE IN GEORGIA SOON”
    (Economic Press Monitor: August 10, 2011)

    Growth of gold price, making up 22-25% from the beginning of 2010, may continue supposedly through the next 10 years, the newspaper reports.

    International market tendency is not yet reflected on prices of Zarapkhana (Tbilisi jewelry enterprise).

13. JSC “ENERGYINVEST” DECLARED BANKRUPTCY
    (Daily News: August 9, 2011)

    Geno Malazonia, director general of JSC EnergyInvest, appealed to Tbilisi City Court requesting to start proceeding on insolvency of the company.

    As of July, creditor’s claims towards JSC EnergyInvest total to 75.2 million lari.

14. Rezonansi: “TBILISI IS LEADER IN THE REGION IN TERMS OF REALTY HIGH PRICE”
    (Economic Press Monitor: August 9, 2011)

    The newspaper reports that cost of 1 square m in new house in the center of Baku amounts to $1,068, in Yerevan – $1,175 while in Tbilisi – $1,000-1,700.

    Prices in Baku are increased by 2-3% comparing to the same period of the previous year, real estate cost is decreased in Yerevan, while in Tbilisi prices are not changed, the newspaper notes.

15. LARGE TAXPAYERS CAN USE INTEREST-FREE INSTALLMENT FOR PURCHASING GPRS-EQUIPPED CASH REGISTERS
    (Daily News: August 8, 2011)

    According to Georgian Finance Ministry, there are up to 700 large taxpayers registered in the country, which should purchase by the end of the year new, GPRS-equipped cash registers. Cost of each cash register makes up 290 lari, while monthly service fee – 5 lari.

16. Rezonansi: “THE BUDGET SPENDS 5 MILLION ON REFRESHER COURSES FOR “NATIONAL MOVEMENT”’S ACTIVISTS”
    (Economic Press Monitor: August 8, 2011)

    According to calculations of oppositional National Forum, retraining of ruling National Movement’s activists to cost more than $5 million. Supposedly, the sum would be allocated from the budget, Ani Mirotadze, representative of National Forum, declares.

17. TRADE WITH SHARES OF JSC “LAGUNA VERE” SUSPENDED
    (Daily News: August 5, 2011)

    Georgian Stock Exchange reported that trade with shares of JSC Laguna Vere (swimming pool in the center of Tbilisi) is suspended since today.

    The Exchange told Sarke that the decision was caused by agreement termination between the JSC and its registrar company, LLC Registrar.

18. “PROCREDIT BANK” TO OPEN BRANCH IN SAMTREDIA
    (Daily News: August 5, 2011)

    ProCredit Bank announced intention to launch branch in Samtredia (Imereti region), where it is not represented so far.

    The branch will be focused on small and middle-sized business support and especially – on agriculture development, the bank said.

19. Rezonansi: “FEE OF UP TO 100 LARI IN NURSERIES”
    (Economic Press Monitor: August 5, 2011)

    The newspaper reports that fee will be imposed in the municipal nurseries in Tbilisi and the cost will be 50-100 lari.

    Tbilisi City Hall explains imposition of fee by reform of preschool education.

20. Rezonansi: “APARTMENT RENT TO INCREASE IN PRICE FROM SEPTEMBER”
    (Economic Press Monitor: August 5, 2011)

    According to realty experts, currently apartment rent price is decreased by 20-25% because of “dead season”. However, the prices would be increased by 10-15% from September.

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