About Civil.ge
Eng | Geo | Rus
Last updated: 18:19 - 27 Aug.'15
 
RSS
Mobile
Twitter
Facebook
Ex-PM Chairs Soccer Star’s 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 Kaladze’s businesses, which he owns in Georgia. He also has businesses in Italy, Ukraine and Kazakhstan.

“My major goal is to help develop Georgia’s economy and attract investment,” he said. “We are also negotiating with potential U.S. and British partners about investing [in joint ventures].”

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
27 Aug.'15 18:19
Russia Says NATO-Georgia Training Center ‘Destabilizing Factor’
Russian MFA said that opening of the center in Georgia is continuation of NATO’s “provocative policy.”
27 Aug.'15 16:41
NATO, Georgia Open Joint Training Center
The center, designed to train Georgian, NATO and partner nations’ troops, is not yet fully operational.
27 Aug.'15 13:57
Stoltenberg: NATO-Georgia ‘Substantial Package Delivering Tangible Results’
“There is more Georgia in NATO and more NATO in Georgia,” Stoltenberg said in Tbilisi.
27 Aug.'15 11:26
GD Recruiting ‘Independent Experts’ for Campaign Platform
Georgian Dream announces on job-search website about intention to recruit 60 “experts”.
26 Aug.'15 21:47
NATO Secretary General Visits Georgia
NATO Secretary General Jens Stoltenberg arrived in Tbilisi on Wednesday evening.
26 Aug.'15 17:09
GEL Recovers Slightly
After losing over 3.5% against dollar in two previous days, lari was up 1.6% on Wednesday.
26 Aug.'15 12:58
Police Say 5kg Cocaine Seized at Tbilisi Airport
Last week the Interior Ministry announced about “exposing new route of drug trafficking.”
25 Aug.'15 17:22
GEL Continues to Slide
Lari fell on Tuesday to its weakest against the U.S. dollar in 16 years and five months.
25 Aug.'15 15:08
PM Says ‘No Fundamental Problems’, Blames ‘Stir’ for GEL Depreciation
PM said that “irresponsible experts and politicians” cause a stir over the Georgian currency.
24 Aug.'15 23:51
Tbilisi Condemns Russian Railway Troops’ Activities in Abkhazia
Russia says its troops are restoring railway between Ochamchire and Enguri.

About Civil Georgia
Civil.Ge © 2001-2013, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
41