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1. “RADISSON BLU HOTEL BATUMI” IS TO BE OPENED
   (Daily News: July 20, 2011)

   Radisson Blu Hotel will be officially opened today in Batumi. The 4-star hotel has 168 apartments, conference halls, open and closed swimming pools.

2. 3 OBJECTS IN TBILISI’S VAKE-SABURTALO DISTRICT ARE BROUGHT ON THE ACTION FOR 6.62M LARI
   (Daily News: July 19, 2011)

   Georgian Ministry of Economy and Sustainable Development has brought at the auction 3 buildings with land plots, located in Vake-Saburtalo district of Tbilisi.

   In particular, land plot of 6,201 square m with building, located on Kazbegi Ave. 25, is estimated at 3.55 million lari.

3. “TELASI” STARTED PREPARATION FOR WINTER SEASON
   (Daily News: July 19, 2011)

   JSC TELASI, Tbilisi energy distributor, reported that it has started works in order to prepare energy grid of the city for winter season. For that end, the company is going to spend 3.6 million lari.

4. Rezonansi: ““IBERMEAT GEORGIA” IS EQUIPPED WITH RIGHT TO CONTROL MEAT”
   (Economic Press Monitor: July 19, 2011)

   Ibermeat Georgia (which holds its own slaughterhouse and store chain in Tbilisi) checks other meat sellers if they have documentation, necessary to trade in Tbilisi.

   According to Kakha Mazanashvili, director of the company, checking bears preventive nature and aims to avoid selling of uncertified meat in Tbilisi.

5. Rezonansi: “COST OF TRAVEL BY ALL TYPES OF MINI-BUSES TO BE 80 TETRI FROM TODAY”
   (Economic Press Monitor: July 19, 2011)

   Gia Kruashvili, regional secretary of Free Georgia, declares that cost of travel by all type of mini-buses (the so called “mashrutkas”) in Tbilisi will be 80 tetri since today, while the price will increase up to 1 lari through a month. Kruashvili does not exclude growth of travel cost up to 1.5-2 lari by the end of the year.

6. Rezonansi: “CONSTRUCTION OF BAKU-TBILISI-KARS IS DELAYED”
   (Economic Press Monitor: July 19, 2011)

   LLC Marabda-Kartsakhi considers that major part of Baku-Tbilisi-Kars railway construction will be finished by the end of 2012. However, the newspaper notes that the railway would have been launched by that time.

7. “REPUBLICAN PARTY” DEMANDS FROM TBILISI CITY HALL FULL INFORMATION ABOUT CURRENT SITUATION WITH MINI BUSES
   (Daily News: July 18, 2011)

   Republican Party demands from Tbilisi City Hall to provide “true and full information” concerning the planned increase of travel cost, its schedule, its maximal amount and terms.

   Despite promises of the City Hall and company Tbilisi Mini-Bus that travel cost increase will apply only one route (namely, #4), the population revealed the same increased cost (80 tetri instead of mostly 50 tetri in the past) in a number of routes (##100, 128, 147), Republican Party declared today.

8. Kviris Palitra: “THE RAILWAY “RUN OVER” THE PRIVATE PROPERTY”
   (Economic Press Monitor: July 18, 2011)

   Ministry of Economy and Sustainable Development has awarded LLC Georgian Railway with expropriation rights.

   The LLC will allot 6 lari per 1 square m within the project of Tbilisi bypass railway construction.

9. AUCTION ON UNDERGROUND PASSAGES’ LEASING ANNOUNCED AS FAILED
   (Daily News: July 15, 2011)

   Tbilisi City Hall’s Agency for Property Management has declared to Sarke that despite sufficient number of applications, auction on underground passages’ leasing was announced as failed.

   The Agency did not named number of submitted applications or other details, explaining cancellation of the auction by desire to ensure awareness of maximally large number of potential applicants.

10. “SAKARTVELOS BANKI” OFFERS PERSONAL BANKING SERVICE “SOLO” IN KUTAISI
    (Daily News: July 15, 2011)

    Sakartvelos Banki (Bank of Georgia) has announced on opening office of personal banking service SOLO in Kutaisi, being placed in the bank’s service center (St.Nino Str. 19).

    To remind, Sakartvelos Banki offers SOLO service to middle and high-income customers from the late 2009.

11. IFC ALLOTS GRANT FOR “OPEN REVOLUTION”
    (Daily News: July 14, 2011)

    International Finance Corporation (IFC, member of the World Bank group) alloted grant of $400,000 to Open Revolution MobyPay, financial service provider, for expansion of activity to regions.

    According to Thomas Lubeck, IFC representative in Caucasus, this is first case of grant allotment by IFC, which had launched this mechanism recently, on Georgian market.

12. “GEORGIAN AIRWAYS” TO MAKE FLIGHTS FROM BATUMI TO KHARKOV, DONETSK AND ODESSA
    (Daily News: July 13, 2011)

    Air company Georgian Airways informed that new routes will be started from Batumi from the next week.

    In particular, the company will make flights to Kharkov from July 18, Odessa – from July 19 and Donetsk – from July 22.

13. “ORION” CALLS INVESTORS FOR UNFINISHED CONSTRUCTION IN TBILISI
    (Daily News: July 13, 2011)

    LLC Orion has offered investors to participate in unfinished construction in Tbilisi (Tsereteli Ave. 50-52).

    The matter concerns 2 versions of multi-functional complex.

14. “ALLIANCE GROUP” TO OFFER NEW CREDIT PRODUCTS
    (Daily News: July 13, 2011)

    As microfinance organization Alliance Group has declared to Sarke, new products are planned to offer in autumn. In particular, credit products will have bonuses, interest rates will be reviewed, while issuing procedures – eased, the company said.

15. 10 CHINESE COMPANIES PARTICIPATE IN BUSINESS-FORUM IN GEORGIA
    (Daily News: July 13, 2011)

    Economy and Sustainable Development Ministry reported that 10 Chinese companies take part in Georgian-Chinese business-forum, being launched in Tbilisi today. These companies represent tourism, energy, construction and transport spheres.

16. “REPUBLIC” INSTALLED “ATM DRIVE” IN SABURTALO
    (Daily News: July 12, 2011)

    Bank Republic has installed first ATM Drive, new type of ATM for local market, near Medical University in Saburtalo district of Tbilisi. As the bank says, the new ATM enables to withdraw money without leaving a car, which simplifies transaction.

17. PROSPECTS OF COOPERATION WITH SPANISH “TALGO” ARE DISCUSSED IN TERMS OF RAILWAY MODERNIZATION
    (Daily News: July 11, 2011)

    LLC Georgian Railway reported that technologies of Spanish company Talgo (engaged in high-speed trains’ manufacturing) might be used in order to adapt Georgian railing with European one.

    As far as it is known, railing width in post-Soviet countries, including Georgia, exceeds European one.

18. SPENDING OF ADB CREDIT HAS BEEN STARTED
    (Daily News: July 11, 2011)

    As representation of Asian Development Bank (ADB) declared to Sarke, the bank has transferred $8.5 million to Georgia within first tranche of urban transport development program. Spending of the sum is already started.

19. Kviris Palitra: “SLAVERY IN THE MIDDLE OF THE CITY”
    (Economic Press Monitor: July 11, 2011)

    The article reports about problems in the field of cleaning in Tbilisi, bringing comment of former employees of TbilServiceGroup.

    As Nugzar Kantaria, former foreman of TbilServiceGroup, and former street cleaners declare, the service does not have holidays.

20. FINES OF 8M LARI ARE IMPOSED ON CONSTRUCTION COMPANIES
    (Daily News: July 8, 2011)

    According to Supervisory Service of Tbilisi City Hall, volume of fines imposed on construction companies due to unfinished construction, reaches 8 million lari. Maximal volume of fine was 75,000 lari.

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