About Civil.ge
Eng | Geo | Rus
Last updated: 11:28 - 29 Apr.'17
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
29 Apr.'17 11:28
President, Parliamentary Chairman Clash over Constitution Reform
The Constitutional Reform Commission agreed on the draft constitution text on April 22.
28 Apr.'17 14:23
FH: Press Freedom Declines in Georgia
Georgia scores a point lower in Freedom House’s Press Freedom report.
27 Apr.'17 17:56
Foreign Ministers Open German-Georgian Year
Mikheil Janelidze met his German counterpart Sigmar Gabriel at the Federal Foreign Office in Berlin.
27 Apr.'17 16:14
Georgia, Romania to Boost Trade, Political Ties
Prime Ministers issued a Declaration on the occasion of the 25th Anniversary of Diplomatic Relations.
27 Apr.'17 15:42
Two Persons Sent to Pretrial Detention over Batumi Unrest
21 persons were arrested following the March 11-12 unrest in Batumi.
26 Apr.'17 16:36
Tbilisi Concerned over Jerusalem Patriarch’s Abkhazia Statement
Georgian Ambassador to Israel meets Theophilos III, speaks about his meeting with Abkhaz pilgrims.
26 Apr.'17 13:18
South Ossetia Government Resigns
The region’s new leader Anatoly Bibilov will form a new government in two weeks.
26 Apr.'17 12:13
Watchdog Keeps Georgia’s Press Freedom Index Unchanged
Reporters Without Borders ranks Georgia 64th in the table of 180 countries with 27.76 points in the survey.
26 Apr.'17 10:29
Georgia Ratifies Europe’s Energy Community Accession Agreement
The Parliament of Georgia ratified the agreement with 89 MPs voting unanimously in favor.
25 Apr.'17 17:59
Georgian MoD Adopts Strategic Defense Review for 2017-2020
Defense Ministry considers Russia the primary threat, seeks to strengthen defense capabilities.

About Civil Georgia
Civil.Ge © 2001-2017, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
62