About Civil.ge
Eng | Geo | Rus
Last updated: 22:40 - 2 Mar.'15
 
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
02 Mar.'15 22:40
At UN Human Rights Council, Georgian FM Criticizes Russia’s ‘Aggressive Policies’
“Russia’s aggression against Ukraine should be dully responded by international community,” she said.
02 Mar.'15 15:28
Georgian Parliament Speaker Visits U.S.
Usupashvili is accompanied by GD MP Tedo Japaridze, who chairs foreign affairs committee.
28 Feb.'15 18:44
UNM Plans Protest Rally to Demand Govt Resignation
UNM has called for a protest rally in Tbilisi center on March 21.
28 Feb.'15 16:25
GD Boycott Thwarts Parliament Special Session, Sought by UNM
UNM wanted debates on economy; GD MPs rejected it as UNM’s attempt to “stage a show.”
28 Feb.'15 14:07
Tbilisi Condemns Murder of Nemtsov
Nemtsov’s death is “a loss for the Russian people and their better future,” parliament speaker said.
28 Feb.'15 13:13
Romanian PM Reiterates ‘Strong Support’ for Georgia’s EU, NATO Integration
Romanian and Georgian prime ministers met in Bucharest on February 27.
27 Feb.'15 16:58
C.Bank Chief Responds to ‘Slanderous Campaign’, Calls to Stop ‘Blame-Shifting’ over GEL Fall
Late on Friday afternoon GEL strengthened 3.7% to 2.1654 per U.S. dollar.
27 Feb.'15 12:57
Georgian, Russian Diplomats Meet in Prague
Russia said to complete remaining work to implement 2011 WTO deal in near future.
27 Feb.'15 12:48
January GDP Growth 0.5% - Preliminary Data
Government plans to more than halve its growth forecast for this year.
27 Feb.'15 11:10
Georgian PM Visits Romania
Garibashvili will meet his Romanian counterpart Victor Ponta.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
59