About Civil.ge
Eng | Geo | Rus
Last updated: 22:20 - 25 Nov.'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
25 Nov.'14 22:20
Latvian President Visits Georgia
President Bērziņš is accompanied by government members and a large group of Latvian businessmen.
25 Nov.'14 18:34
Case of Arrested MoD Officials Largely Declassified
Prosecutors said only 7% of the case, related to sensitive military information, remains classified.
25 Nov.'14 12:03
NATO ‘Doesn’t Recognize So Called Treaty’ Between Moscow and Sokhumi
NATO Secretary General said it “does not contribute to a peaceful and lasting settlement.”
25 Nov.'14 03:26
U.S. ‘Will Not Recognize Any So Called Treaty’ Between Moscow and Sokhumi
U.S. said its position “remains clear: these regions and integral parts of Georgia.”
25 Nov.'14 01:03
EU: Moscow’s Treaty with Sokhumi ‘Detrimental to Efforts to Stabilise Situation’
It “contradicts principles of international law,” EU foreign policy chief said in a statement.
25 Nov.'14 00:39
Georgian President Calls for Int’l Efforts to Counter Russia’s ‘Annexationist Policy’
Treaty signed between Moscow and Sokhumi “further aggravates situation” in region, he said.
24 Nov.'14 23:46
PM Condemns New Treaty Between Moscow and Sokhumi
Garibashvili said it shows Moscow’s “unwillingness to actually improve political relations” with Georgia.
24 Nov.'14 22:58
Georgian MFA Condemns New Treaty Between Moscow and Sokhumi
FM Beruchashvili said Tbilisi has asked for holding of UN Security Council.
24 Nov.'14 21:43
After Signing New Treaty, Moscow Pledges over $200m for Abkhazia in 2015
More than half of that aid will go to meet Russia’s commitments set out in new treaty.
24 Nov.'14 17:40
Moscow, Sokhumi Sign Treaty on ‘Alliance and Strategic Partnership’
The treaty was signed by President Putin and Abkhaz leader Khajimba in Sochi.

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