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1. CIS MEETING FOCUSES ON ECONOMIC ISSUES
   (Daily News: June 3, 2005)

   The meeting of CIS prime ministers has ended today. Delegations arrived in Georgia yesterday.

2. KOREAN COMPANY INTERESTED IN CONSTRUCTION OF HOUSING ESTATE IN TBILISI
   (Daily News: June 2, 2005)

   South Korean company CI Construction has expressed willingness to invest $50 million in the construction of a housing estate in Tbilisi, Han Sik Yung, a representative of the company, declared at a meeting with city Mayor Zurab Chiaberashvili today.

   Korean businessman said the company has a three-year project, under which a housing estate will be built in the Isani-Samgori district of the capital on 170,000 square meters, where a military base was deployed earlier.

3. INDEPENDENCE DAY WITH OIL “DRESSING”
   (Weekly Press Digest: May 29, 2005)

   Amid the launch of the Baku-Tbilisi-Ceyhan oil pipeline (May 25) and Georgia’s Independence Day (May 26) celebrations the Georgian press has actively discussed a pull out of Russian military bases from Georgia’s territory.

   During the ceremony marking the end to the construction of the Baku-Tbilisi-Ceyhan oil pipeline, held in Azerbaijan, the Presidents of the three countries (Azerbaijan, Georgia and Turkey) stressed the strategic importance of the project as well as the US role in its successful completion.

4. GEORGIA AND LATVIA AGREE ON CLOSER LINKS
   (Daily News: May 27, 2005)

   Latvian President Vaira Vike-Freiberga and Prime Minister Aigars Kalvitis have considered prospects for the development of cooperation during their stay in Georgia. Today Georgian Prime Minister Zurab Nogaideli and his Latvian counterpart signed a number of bilateral agreements, including the one on closer cooperation.

5. COMPOSITION OF SUPERVISORY BOARD OF MILLENNIUM CHALLENGE – GEORGIA APPROVED
   (Daily News: May 25, 2005)

   The government has approved today the composition of the supervisory board of the Millennium Challenge – Georgia fund. Georgia hopes to receive this year $150-200 million from the US as part of the Millennium Challenge program.

6. OIL PRODUCERS CONSIDER WITH PRIME MINISTER PROBLEMS OF THE SPHERE
   (Daily News: May 16, 2005)

   Prime Minister Zurab Nogaideli today has met with representatives of the companies engaged in oil imports and refining. They focused on licensing and regulations issues (the adequate bill is being considered in Parliament).

7. GEORGIAN NATIONAL BANK ANGERED BY RUSSIAN BANKS’ ILLEGAL OPERATIONS IN ABKHAZIA
   (Daily News: May 16, 2005)

   Roman Gotsiridze, the National Bank (NB) President, has sent a letter to the Central Bank of Russia, in which he expresses concern over the operation of Russian commercial banks in Abkhazia and strengthening their ties with Abkhaz banks. The letter also shows indignation over illegal activities from the side of Russian banks, in particular, their inclusion of Abkhaz banks in the system of electronic settlements.

8. CONTROL CHAMBER TOP OFFICIALS GET FAMILIAR WITH INTERNATIONAL EXPERIENCE OF FINANCIAL MANAGEMENT
   (Daily News: May 10, 2005)

   According to the press service of the Chamber of Control, Zurab Soselia, the chairman, and Roman Bokeria, his deputy, visited the US from April 29 to May 8. They took part in an international conference on the financial management by the government held in Miami (FL).

9. SHUGREFIMPEXBANK ACQUIRES ONE MORE BUILDING
   (Daily News: April 28, 2005)

   Shugrefimpexbank has acquired three floors of a building at 150 Agmashenebeli Ave., Tbilisi, for $305,000 at an auction hosted by the Economic Development Ministry today. Among other bidders for the building, estimated at $300, were a Georgian insurance company, Europace and pharmaceutical companies Aversi and PSP.

10. REGULATION AGENCY URGES SMALL OIL REFINERIES TO MEET REQUIREMENTS
    (Daily News: April 27, 2005)

    Andro Kotetishvili, head of the Oil and Gas Regulation Agency, has announced today that 8 small oil refineries, which have not operated since November 2004, have been given 30 days to meet requirements imposed by the license. He claims the agency sent adequate notices to the companies on April 15.

11. Akhali Versia: “GIA MAISASHVILI MAY BECOME THE PRIME MINISTER”
    (Economic Press Monitor: April 11, 2005)

    The speculations are that after the visit of George W. Bush in Georgia, the new faces may appear in the government and Gia Maisashvili will lead them.

12. GEORGIA AND IRAN ESTABLISH CLOSER ECONOMIC TIES
    (Daily News: April 25, 2005)

    As part of visit of Iran’s vise president Mohammad Reza Aref to Georgia, Georgia and Iran have signed today a range of documents, including a protocol on economic cooperation. Georgian Prime Minister Zurab Nogaideli says the states have also signed a memorandum on simplifying customs procedures.

13. TURKISH COMPANY CELEBI TO UPDATE TBILISI AIRPORT
    (Daily News: April 22, 2005)

    Celebi, a consortium made up of a Turkish company, has been announced today the winner of a tender for the construction of a new airport building in Tbilisi. The tender was issued in January 2005.

14. GEORGIAN SHIPPING COMPANY PRIVATIZATION PROCESS ENDS
    (Daily News: April 22, 2005)

    The signing of a contract with Marine Capital and its subsidiary Georgian Tanker (with a share of American EastWind) today has officially ended the privatization of LLC Ocean Shipping Company. The former paid $93 million for the shipping company, which currently numbers 15 vessels.

15. ARBITRATION PROVISION WITHDRAWN FROM TAX CODE
    (Daily News: April 22, 2005)

    Parliament has approved in the third hearing amendments to the Tax Code today. According to the amendments, the provision on considering tax suits in private arbitration courts will be cancelled.

16. UN DECIDES ON GEORGIA’S AID PRIORITIES
    (Daily News: April 22, 2005)

    Prime Minister Zurab Nogaideli and Lance Clark, the resident UN coordinator and UN Development Program representative, have signed today UN’s plan for fostering development in 2006-2010.

    The plan calls for Georgia’s aid in five priority directions.

17. GOVERNMENT AGAINST PRIVATE ARBITRATION, BUSINESSMEN CLAIM ITS IMPORTANCE
    (Daily News: April 21, 2005)

    The Federation of Businessmen has debated on the government’s proposal to postpone the consideration of tax suits in private arbitration courts. Badri Patarkatsishvili, head of the federation, said approving adequate amendments to the Tax Code by Parliament was a mistake.

18. GEORGIA HOPES FOR TOURIST NUMBER INCREASE
    (Daily News: April 21, 2005)

    The 7^th international tourist exhibition of Silk Road states has opened in ExpoGeorgia, an exhibition center today. The show, which is being held under the aegis of the World Tourism Organization and Tourism and Resorts Department of Georgia, will last to April 23.

19. PARLIAMENT APPROVES AMENDMENTS ON PRIVATE ARBITRATION IN THE FIRST HEARING
    (Daily News: April 20, 2005)

    Parliament has approved amendments to the Tax Code by 105 votes to 1 in the first hearing today. Under the amendments, consideration of tax suits in private arbitration courts will be postponed until 2008.

20. PARLIAMENT APPROVES BILL ON PRIVATIZATION OF STATE-OWNED AGRICULTURAL LANDS IN FIRST HEARING AND AMENDMENTS TO LAW ON PRIVATIZATION
    (Daily News: April 19, 2005)

    Parliament today has approved the bill “On Privatization of State-Owned Lands” in the first hearing. It will conduct the second hearing also this week.

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