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1. “WISSOL GROUP” CONTINUES EXPANSION OF “SMART” CHAIN
   (Daily News: August 9, 2012)

   Wissol Group announced about opening of new supermarket Smart in Tbilisi. The new supermarket, having cafe (with free WiFi), ATM and instant payment box, is located on Wissol’s filling station on Kakheti Highway, near Lilo market.

2. Rezonansi: “REAL ESTATE IN KUTAISI BECAME SO EXPENSIVE THAT BUYERS DISAPPEAR AT ALL”
   (Economic Press Monitor: July 31, 2012)

   The newspaper reports that price of Kutaisi apartments is increased by 20-50% in the last few months, being driven mainly by move of the Parliament and the governmental structures in the city.

   Currently, price of single-room flat makes up $15,000-25,000, while of two-room one – $30,000-35,000.

3. “IOLI” ACQUIRED “POPULI”
   (Daily News: July 30, 2012)

   Supermarket chains Ioli and Populi announced on deal, through which Ioli acquired Populi. However, no details of the deal neither plans have been disclosed.

4. Rezonansi: “9^TH AMENDMENT IN 7^TH MONTH”
   (Economic Press Monitor: July 27, 2012)

   The newspaper reports that 9^th amendment was made to the Kutaisi city budget last week. Namely, revenues were increased by 3.6 million lari, exceeding 67 million lari as a result.

5. Rezonansi: “BUSTLE IN THE PARLIAMENT”
   (Economic Press Monitor: July 18, 2012)

   According to the Georgian Constitution, holding of the Parliament’s sessions in Kutaisi will be possible after elections (scheduled for October). However, regulations, amended in May, allow holding of sessions in both Tbilisi and Kutaisi.

6. REORGANIZATION IN “KUTAISI LITHOPONE PLANT” CONTINUES
   (Daily News: July 12, 2012)

   JSC Kutaisi Lithopone Plant announced on planned further reorganization, envisaging detachment of separate entrepreneurial entity. As a result, chartered capital will be decreased.

7. TBILISI INTERNATIONAL AIRPORT ACCOUNTED FOR 89.7% OF AIR PASSENGERS TRAFFIC
   (Daily News: July 10, 2012)

   According to Georgian Civil Aviation Agency, airports of the country had transferred 584,348 passengers in the first half of 2012. If compared with the same period of 2011, the figure is by 24% up.

8. VOLUME OF OTC DEALS STOOD AT 2.5M LARI IN Q2
   (Daily News: July 9, 2012)

   Georgian Stock Exchange reported that 257 OTC deals were fixed in the 2^nd quarter, resulting in selling of 1.1 million shares with total cost of 2.5 million lari.

   Transactions number is increased by 69.1% quarter-on-quarter, total cost of deals dropped 289 times, while number of sold shares declined 35.2 times.

9. “SAKARTVELOS BANKI” EXPANDS “EXPRESS” SERVICE-CENTERS CHAIN IN REGIONS
   (Daily News: July 9, 2012)

   Sakartvelos Banki (Bank of Georgia) announced on opening of new Express service-center in Kutaisi today (Tabukashvili Str. 115). Now the bank runs 27 Express service-centers countrywide.

10. TWO NEW HOTELS OPENED IN BATUMI
    (Daily News: July 4, 2012)

    Government of Ajara reported that volume of investments, made in 2 new hotels, being opened in Batumi yesterday, totaled to 16 million lari.

    In particular, 10 million lari was spent in construction of hotel AISI, located at crossing of Griboedov and King Parnavaz streets.

11. “XINJIANG HUALING INDUSTRY & TRADE” TO INVEST $350M IN FREE ZONE IN TBILISI
    (Daily News: July 4, 2012)

    Chinese company Xinjiang Hualing Industry & Trade (Group) Co. Ltd (new owner of Basisbank) starts implementation of project on free zone creation on Tbilisi Sea.

    Chinese are going to invest $350 million in the project, envisaging development of entertainment objects, residential areas, hotels and necessary infrastructure.

12. Versia: “NEW PLAN OF VANO MERABISHVILI – EMPLOYED ON THE ROADS AND INSURED POPULATION”
    (Economic Press Monitor: July 4, 2012)

    Employment, affordable healthcare and development of Georgian villages are the main line by which former Interior Minister Vano Merabishvili “has to eradicate unemployment, as he had defeated corruption and crime on its time”, the newspaper reports.

    In order to fight unemployment, additional 5,000 km of roads will be built, which should create at least 40,000 new jobs, and foreign investment of $4 billion will be attracted, providing creation of 50,000 new jobs.

13. “ALITALIA” LAUNCHED FLIGHTS TO GEORGIA
    (Daily News: July 3, 2012)

    Italian air carrier Alitalia launched today flights between Rome and Tbilisi.

    According to Georgian Civil Aviation Agency, the flights will be implemented by A320 planes 2 times a week: Rome-Tbilisi – on Mondays and Saturdays, while Tbilisi-Rome – on Tuesdays and Sundays.

14. 44.4% OF “KUTAISI LITHOPONE PLANT” SOLD THROUGH OTC DEAL
    (Daily News: July 2, 2012)

    Georgian Stock Exchange reported on OTC deal, held on 259,675 shares of JSC Kutaisi Lithopone Plant (44.4% of emission). The stake was sold for 259,675 lari, so price per share made up 1 lari (nominal – $0.88).

15. “UNIPAY” TO OFFER ON-LINE SHOPPING
    (Daily News: June 29, 2012)

    Local payment system UniPay announced Unifest, service of on-line shopping, which will be launched for users of UniPay electronic wallet on July 4.

    The company will provide countrywide service, securing delivery of production, being purchased in more than 35 shops: Embawood, Goodwill, Dika, Safilo, Chita, Baccara, Bakur Sulakauri Publishing House, etc.

16. GEORGIAN SIDE EXPECTS JICA’S FUNDING FOR ROAD INFRASTRUCTURE
    (Daily News: June 29, 2012)

    Japanese International Cooperation Association (JICA) will allot this year $200 million to Georgia in terms of infrastructure, Georgian Prime Minister Nika Gilauri declared while having official visit to Japan.

    According to Gilauri, the matter concerns construction of Kutaisi by-pass road (part of Zestaponi-Kutaisi-Samtredia road).

17. “RICO CREDIT” EXPANDS ITS REGIONAL CHAIN
    (Daily News: June 26, 2012)

    Micro-financial organization Rico Credit reported that it has acquired recently an area for its Batumi branch (Chavchavadze Str. 25). New branch will start operation in autumn.

18. “GEOCELL” OFFERS SMARTPHONE “IDEOS U8150” UNDER INSTALLMENT
    (Daily News: June 26, 2012)

    Geocell offers Huawei’s smartphone IDEOS U8150 under 12-months installment. Monthly payment will amount to 24 lari.

19. “DEXUS” TO EXPAND “RCHEULI” CHAIN
    (Daily News: June 26, 2012)

    As annual report of Dexus for 2011 says, the company plans to expand hotel chain Rcheuli. In terms of the mentioned, the company holds active negotiations with large investors, which names are not specified at this stage as well as other details.

20. AIRPORT TO BE CONSTRUCTED IN OZURGETI
    (Daily News: June 26, 2012)

    President Mikheil Saakashvili declared that construction of airport will be started in village Meria in Ozurgeti district (Guria region). Besides, he said that airport will be built in Poti as well, while airport in Telavi (Kakheti region) will be rehabilitated, adding that airport in Kutaisi will be opened in September.

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