About Civil.ge
Eng | Geo | Rus
Last updated: 17:12 - 23 Aug.'14
 
RSS
Mobile
Twitter
Facebook
Moscow Mayor Pledges More Investment in Abkhazia
Civil Georgia, Tbilisi / 9 Jul.'07 / 14:39

The Moscow municipality will continue to carry out various investment projects in Abkhazia, Moscow Mayor Yuri Luzhkov said on July 9.
 
An agreement on economic cooperation between the secessionist authorities and the municipality was signed during Abkhaz leader Sergey Bagapsh's visit to Moscow, RIA Novosti news agency reported.

“We have chosen a number of investment projects in Abkhazia, particularly in the energy and healthcare sectors," Luzhkov said. "We are glad that the socio-economic situation is improving in Abkhazia and we are ready to further support this process.” .

The Moscow mayor also said is was difficult to imagine holding the 2014 Olympic Winter Games in Russia’s Black Sea resort of Sochi without the participation of “such a kind neighbor as Abkhazia.” The province is less than 40 kilometers from the host town.

Meanwhile, authorities in Tbilisi have warned Russia against investing in breakaway Abkhazia.

“The sale of assets in Abkhazia is illegal, but unfortunately it still happens,” Gela Bezhuashvili, the Georgian foreign minister, said on July 9, while speaking at a joint press conference in Tbilisi with his visiting Bulgarian counterpart.

“Everyone should know," he said, "that the time will come when illegally purchased property will be returned to the legal owners.” 

He said that Georgian state agencies, including the ministries of foreign affairs, refugees and accommodation, and internal affairs, as well as the National Bank of Georgia, were currently preparing a list of Russian organizations and companies, which have purchased assets in Abkhazia.

“In some cases they are private companies, in other cases, [Russian] state agencies,” Bezhuashvili added.

The National Bank of Georgia said recently it planned to ask foreign banks to close the accounts of Russian firms and individuals that had bought assets in Abkhazia.

Georgian Minister for Refugees and Accommodation, Gia Kheviashvili, said Russian organizations had bought a total of 31 assets in Abkhazia, mainly holiday villas, as well as a wine factory.

Latest News
23 Aug.'14 17:12
Breakaway Abkhazia Holds Snap Presidential Poll on Sunday
All four candidates signed joint declaration in support of coalition govt and constitutional reform.
22 Aug.'14 20:46
Dariali Landslide Cleanup Underway
It will take at least two weeks to restore road linking Georgia with Russia, officials say.
22 Aug.'14 19:14
U.S. Vice President Speaks by Phone with Georgian PM
Bilateral ties, NATO integration and Georgia’s efforts to attract investments discussed, White House said.
22 Aug.'14 15:44
Sokhumi Asks for Recognition from Belarus, Kazakhstan
Breakaway region says it wants to contribute to integration process within Eurasian Union.
22 Aug.'14 11:35
Georgian MFA 'Concerned over Escalation' of Hostilities in Eastern Ukraine
A shell explosion damaged Georgian consulate in separatist-held city of Donetsk.
22 Aug.'14 10:53
Georgian PM Speaks by Phone with German Chancellor
Situation in the region and upcoming NATO summit discussed, according to Georgian PM’s office.
21 Aug.'14 17:44
Armenian, Georgian PMs Meet in Yerevan
PMs reiterated “friendly” relations between the two countries
21 Aug.'14 15:16
Photos: Landslide in Dariali Gorge
Landslide hit Dariali gorge, close to the Russian border, for the second time in last three months.
21 Aug.'14 11:28
Landslide Hits Dariali Gorge
Two people are missing after the landslide close to the Russian border.
20 Aug.'14 22:05
Prosecutors Probe Senior UNM MP Bakradze's 'Undeclared Bank Account'
It said origin of over 276,000 British pounds on those bank accounts, would also be examined.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
48