About Civil.ge
Eng | Geo | Rus
Last updated: 20:39 - 22 Oct.'16
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
22 Oct.'16 20:39
Polls Closed, Vote Count Underway
Outcome of repeat elections will decide whether runoffs will be required in Marneuli and Zugdidi.
22 Oct.'16 14:11
CEC: Voter Turnout in Four Precincts by Noon
The highest voter turnout was recorded in precinct No.108 in the village of Jikhashkari by noon.
22 Oct.'16 11:00
Polls Open for Repeat Elections in Four Precincts
Repeat vote should decide whether races for Zugdidi and Marneuli majoritarian MP seats go into runoff.
21 Oct.'16 19:24
One Soldier Dead After Army Truck Overturns in Eastern Georgia
Accident occurred near the village of Bodbe when the truck was transporting 37 soldiers.
21 Oct.'16 13:50
Final Results of Adjara Elections
4 parties cleared threshold: GDDG - 45.13%; UNM - 29.62%; Burjanadze’s party - 5.89%, APG - 5.7%.
20 Oct.'16 19:10
Constitutional Court Elects New Chairman
Zaza Tavadze, who is a member of the Constitutional Court since 2010, took the chairmanship.
20 Oct.'16 14:29
Georgian, Russian Diplomats Meet in Prague
Russian MFA: “readiness to continue pragmatic course to gradually normalize” ties was reaffirmed.
20 Oct.'16 11:27
Georgia’s Foreign Trade in Jan-Sept. 2016
Foreign trade turnover declined 4.3% y/y, excluding one-off import of medicines.
19 Oct.'16 16:11
President Welcomes Proposal to Launch Group on Drafting Constitutional Amendments
President offers the group to be co-chaired by him, PM and parliament speaker.
19 Oct.'16 14:33
CEC Sets Runoff, Repeat Elections Dates
Second round of majoritarian MP elections set for Oct.30; repeat elections in four precincts – Oct.22.

About Civil Georgia
Civil.Ge © 2001-2016, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.