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1. Kviris Palitra: “WHO WILL “CRANK” FOOTBALL AS A BUSINESS?”
   (Economic Press Monitor: June 7, 2010)

   A joint project of Georgian Football Federation and the government envisages selling football clubs and their infrastructure to private companies in a symbolic price of 1 lari. However, taking into account the failure of football, to invest money in this business seems too risky for the majority, the newspaper notes.

2. LLC “GEORGIAN GREENS” NEEDS 1M LARI TO RESUME PRODUCTION
   (Daily News: June 9, 2010)

   As LLC Georgian Greens declared to Sarke, the company needs 1 million lari to resume production. The company plans to use this sum for arrangement of new greenhouse (1 ha) and purchasing equipment.

3. RATE OF FLOW OF SAGURAMO-KHASHURI GAS PIPELINE TO BE INCREASED
   (Daily News: June 9, 2010)

   Georgian Oil and Gas Corporation reported that corroded 500-mm sections of Saguramo-Khashuri gas pipeline would be replaced with 700-mm ones in order to increase rate of flow. Works would be implemented through co-financing of the Corporation and USAID.

4. LLC “CREDITPLUS” FINISHED Q1 WITH PROFIT OF 124,691 LARI
   (Daily News: June 3, 2010)

   Micro-financial organization LLC CreditPlus reported net profit of 124,691 lari for the 1^st quarter of 2010. This volume is increased by 77.2% if compared to 2009 annual data (it should be noted that the organization was founded in August 2009).

5. “GLOBAL STAR” AWARDED 2 HOTELS WITH THE STARS
   (Daily News: June 2, 2010)

   Association Global Star told Sarke that stars are awarded only for 2 hotels in Georgia so far – River Side (Tbilisi, Marie Brosset Lane) and Georgia Palace (Kobuleti, Agmashenebeli Str. 274). Criteria of assessment are based on common standards of European Hotelstar.

6. JSC “ENERGOPRO GEORGIA” TO INFORM SUBSCRIBERS ABOUT ARREARS WITH SMS
   (Daily News: June 1, 2010)

   JSC EnergoPro Georgia announced that it will inform its customers about arrears by sending a short text messages (SMS). Customers will get SMS in 2 days (48 hours) term before the expiration of deadline for electricity bill payment.

7. DESIGNING OF SEMICOKE FACTORY TO BE FINISHED BY THE END OF 2010
   (Daily News: May 31, 2010)

   Natia Turnava, director general of International Energy Corporation of Georgia, told Sarke that designing of semicoke factory would be finished by the end of 2010. Corporation designs the factory jointly with Polish equipment producer Polchar, she said.

8. REVENUE FROM GOLDEN INVESTMENT COINS’ SELLING MADE UP 582,500 LARI IN 2009
   (Daily News: May 31, 2010)

   According to National Bank of Georgia (NBG), revenue from golden investment coins’ selling made up 582,500 lari in 2009. This figure is by 50.2% less than one of 2008.

9. Rezonansi: “INCREDIBLE NEWS FROM REFUGEES’ “REPAIRED” HOUSES”
   (Economic Press Monitor: May 25, 2010)

   According to the President’s order, living space, where displaced families from Abkhazia reside now, will be handed over to them in ownership. Preliminarily, the government will repair accommodation of refugees through Municipal Development Fund.

10. JSC “SAKCABEL” HAS EXPORTED TO ARMENIA
    (Daily News: May 18, 2010)

    As Edisher Mamaladze, chairman of JSC Sakcabel’s supervisory board, declared to Sarke, the company implemented cables’ export to Armenia.

    On initial stage, the matter concerns 13 t of cables, cost of $39,000.

11. NET PROFIT OF JSC “SEWING COMPANY IMERI” HAS INCREASED 2.2 TIMES IN 2009
    (Daily News: May 10, 2010)

    JSC Sewing Company Imeri reports that net profit, as well as total profit of the company increased noticeably in 2009. Namely, total profit is grown by 22%, amounting to 271,414 lari, while net profit – 2.2 times up to 101,568 lari.

12. Rezonansi: “BATUMI IS INCLUDED IN LIST OF FREE INDUSTRIAL ZONES TOO”
    (Economic Press Monitor: May 7, 2010)

    The legislation envisages creating free industrial zones in 4 cities (Poti, Kutaisi (two zones), Tbilisi and Batumi).

    Following this legislative norm, President Mikheil Saakashvili announced about free industrial zone creation in Batumi at the 6^th anniversary of Ajara Revolution, the newspaper writes.

13. GEORGIAN LLC “ENGURI AVTOGZA” TO REHABILITATE BRIDGE ON RIVER TSKHENISTSKALI
    (Daily News: May 7, 2010)

    Motor-Road Department reported that rehabilitation of bridge on river Tskhenistskali (western part of Georgia) will be conducted by the Georgian company LLC Enguri Avtogza. Expected cost of works is 1.4 million lari.

14. “KASTUR” AND “EL GAWAD” POSTPONED START OF PRODUCTION IN KUTAISI FREE INDUSTRIAL ZONE BY THE END OF 2010
    (Daily News: May 3, 2010)

    Mikheil Tigishvili, director of LLC Georgia International Holding, reported to Sarke that Egypt companies Kastur and El Gawad would start production in the Kutaisi free industrial zone by the end of 2010. The matter concerns production of plasma TV sets, outdoor lightening equipment and refrigerators.

15. 24 Saati: “BILLIONS FOR WATER SUPPLY”
    (Economic Press Monitor: April 28, 2010)

    Problem of water supply of 70% of Georgia’s populated territory is unsettled for years. This problem should be settled within framework of new program, being implemented by United Water-Supplying Company of Georgia.

16. “PROCREDIT BANK” TO LAUNCH BRANCHES IN AKHALTSIKHE AND SAMTREDIA
    (Daily News: April 23, 2010)

    Philipp Pott, director general of ProCredit Bank, said that the bank will launch branches in Akhaltsikhe and Samtredia in the second half of current year.

    Akhaltsikhe branch will be the second in Samtskhe-Javakheti region (after Borjomi), while Samtredia branch will be the 5^th one in Imereti region (3 branches are already operating in Kutaisi and 1 – in Zestaponi).

17. REHABILITATION OF THE ROAD TO MOTSAMETA MONASTERY TO COST 1.35M LARI
    (Daily News: April 15, 2010)

    Motor-Road Department reports that rehabilitation of 2-km road section, approaching to Motsameta Monastery (6 km from Kutaisi, Imereti region) will cost 1.35 million lari. Rehabilitation will be funded by the state budget.

18. BILLS MAY BE PAID BY “TAOPRIVATBANK”’S ATMS AS WELL
    (Daily News: April 15, 2010)

    TaoPrivatBank reported that various bills could be paid through ATMs of the bank since the current month.

    Currently, the bank has 209 ATMs countrywide, increasing the number by 90% since January 1, 2008.

19. BLITZ-SURVEY: PARTICIPATION OF INSURANCE COMPANIES IN THE STATE INSURANCE PROGRAM WILL DEPEND ON ITS CONDITIONS
    (Daily News: April 14, 2010)

    As it is known, Ministry of Labor, Health and Social Protection of Georgia declared that tender, announced in terms of the state insurance program, failed. Sarke applied to the insurance companies, asking them to comment on the subject.

20. JSC “KUTAISIGAS” HAS REDUCED LOSSES FROM OPERATING ACTIVITY IN 2009
    (Daily News: April 8, 2010)

    According to JSC KutaisiGas report, the company’s losses from operating activity made up 528,000 lari in 2009. The figure decreased by 18.8% if compared to 2008.

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