ECONOMY
31.07.20 9:35
According to Natia Turnava, Minister of Economy and Sustainable Development, the Consortium is trying to politicize the issue and impede the government to find a new investor. As Turnava stated, the Anaklia Development Consortium didn't cope with fulfilling the obligations.
"The agreement with the Consortium was signed in 2015. It's now 2020 and according to the agreement, we should have had an active Anaklia Port already. However, despite the support from the government, the Consortium didn't cope with the realization of the project. This lawsuit doesn't have any legal perspective. Therefore, it is an attempt of politicization - to impede the government to find a new investor. We are systematically working on the renewal of the tender package and search for a new investor", - stated Turnava.
For the record, Anaklia Development Consortium and the main foreign investor took an arbitration lawsuit against Georgia on July 29. The plaintiffs are demanding restitution of their rights. According to their statement, the demand exceeds 1 billion USD in compensation of losses.
source: IPN
Read: 172
Write comment
(In their comments, readers should avoid expressing religious, racial and national discrimination, not use offensive and derogatory expressions, as well as appeals that are contrary to the law)
News feed
-
Air temperature to rise in Georgia
14:1829.03.24
-
FM pays official visit to Argentina
13:2729.03.24
-
12:3829.03.24
-
Irakli Kobakhidze: Religious diversity of Georgia is one of the main wealths of our country
10:5629.03.24
-
Nika Gvaramia: I am going to the UN Human Rights Committee with my case
10:0429.03.24
-
Parliament Speaker: European Court of Human Rights has confirmed Nika Gvaramia is criminal
16:1928.03.24
-
Argentinian FM emphasises Georgia’s strategic location between Europe, Asia
15:1628.03.24
-
Flights frequency from Georgia to Germany increases ahead of EURO 2024
14:2528.03.24
-
13:3728.03.24
-
New shuttle bus service opens at Kutaisi Airport
12:4128.03.24
-
Black Sea Arena to host OneRepublic, Scorpions, Jungle
11:3928.03.24
-
National Bank of Georgia to issue Euro 2024 collector's coin
10:1028.03.24
-
21:0727.03.24
-
PM, Speaker nominate national football team players, staff to be awarded Medal of Honour
18:0027.03.24
-
Gov't approves 2024-2025 Climate Change action plan
17:3027.03.24
-
16:5527.03.24
-
16:0527.03.24
-
15:3027.03.24
-
Health Minister meets Republican Hospital heads, medical personnel
14:4627.03.24
-
14:0127.03.24
-
Moody's improves outlook of Georgia's sovereign credit rating from negative to stable
13:3027.03.24
-
'Sasna Tsrer' again 'warns' that Armenia will not be allowed to 'jump' out of the 'Great War'
13:0227.03.24
-
11:3427.03.24
-
Georgia qualifies for European Championship with victory over Greece
10:1127.03.24
-
18:0026.03.24
-
17:3026.03.24
-
Defence Minister hosts Slovak diplomats
17:0026.03.24
-
16:3526.03.24
-
Prosecutor's Office solves transnational crime
15:3026.03.24
-
14:5126.03.24
-
14:0026.03.24
-
Irakli Chikovani met with the ambassador of the Czech Republic
13:2426.03.24
-
T.A.I. tourism outlet publishes article about Georgia
12:1726.03.24
-
PM: Georgia's team has unbeatable spirit; I believe Georgia wins today
11:3226.03.24
-
10:0026.03.24
-
Georgian, Armenian PMs inaugurate Georgian Embassy's new building
18:0525.03.24