About Civil.ge
Eng | Geo | Rus
Last updated: 11:46 - 3 Jul.'15
 
RSS
Mobile
Twitter
Facebook
Ex-PM Chairs Soccer Starís Business Group
Civil Georgia, Tbilisi / 31 Mar.'08 / 20:32

Zurab Nogaideli, the former prime minister, has been made the chairman of Kala Capital, a newly set up group uniting businesses owned by Georgian AC Milan footballer Kakhi Kaladze.

Lexo Alexishvili, the former finance minister, will be director of Progress-Bank, part of Kala-Capital, which will launch its operations this summer. Alexishvili will also be a member of the board of directors of Kala Capital.

The group will also have interests in the energy sector, Kaladze said at a presentation of Kala-Capital on March 31. The group, he said, planned investments in the construction of new hydro power plants and oil exploration and production, as well as in wind energy projects.

Kaladze also said that real estate would be the third major sphere of interest for his business group with a plan to develop residential and business units on a 78-hectare plot of land near Tbilisi.

Kala-Capital will deal with only Kaladzeís businesses, which he owns in Georgia. He also has businesses in Italy, Ukraine and Kazakhstan.

ďMy major goal is to help develop Georgiaís economy and attract investment,Ē he said. ďWe are also negotiating with potential U.S. and British partners about investing [in joint ventures].Ē

Kaladze said that he also planned a charitable Kala Foundation.

President Saakashvili, who attended the presentation, said that Georgia had become a favorable destination for investments and said that foreign direct investment was USD 500 mln in the first quarter of 2008.

Latest News
03 Jul.'15 11:46
Annual Inflation 4.5% in June
On monthly basis inflation was just 0.02% in June.
02 Jul.'15 23:48
Turkmenistanís President Visits Georgia, Discusses Gas Transit Project
President Berdymukhamedov is paying his first official visit to Georgia on July 2-3.
02 Jul.'15 14:14
At Geneva Talks Russia Says Georgiaís NATO Integration Poses Security Threat to Region
32nd round of Geneva international discussions, launched after August 2008 war, was held on July 1.
01 Jul.'15 18:31
C.Bank Increases Key Rate to 5.5%
It projected gradual increase of the rate to 6.5% by the end of the year.
01 Jul.'15 16:36
Deputy Finance Minister Comments on Greek Debt Crisis Affect on Georgia
Greece is the second largest source of remittances to Georgia.
30 Jun.'15 23:47
GFF: UEFA Super Cup Tickets to Go on Sale at Box Office after Online Sale Fails Again
“We will need several days to print tickets and to then start selling them at box offices,” GFF President said.
30 Jun.'15 19:47
Parliament Human Rights Committee Supports Repealing Imprisonment for Marijuana Use
The proposal has yet to be discussed by the Parliament.
30 Jun.'15 17:08
May GDP Growth 2.1% - Preliminary Data
Economy grew 2.5% y/y in the first five months of this year, according to Geostat.
30 Jun.'15 14:25
Turkmenistanís President to Visit Georgia
Berdymukhamedov will meet his Georgian counterpart and PM during the visit on July 2-3.
30 Jun.'15 12:51
Betsson Buys Georgian Gambling Firm Europe-Bet
Purchase price is $50m with additional $35m payable after a year if gambling regulations remain unchanged.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
69