Withdrawal reportedly caused by lack of government backing for country’s flagship infrastructure development. Analysts anticipate investment mothballing or arrival of Russian or Chinese stakeholders to replace Western partners.
Likely financier is controversial ex-defence minister turned oligarch. Meanwhile, new anti-government movement planned by TBC Bank founder.
Former owner of Rustavi 2 who regained control through the courts offers to sell broadcaster and calls for insolvency proceedings to be launched.
The Georgians like to describe themselves as the “cradle of wine” with a rich, 8,000-year history of wine-making. Wine was produced and drunk in Tbilisi before the Roman Empire was founded and today it remains home to over 500 unique grape varieties
Prior to detention, Irakli Okruashvili claimed ownership of Rustavi 2, a TV station that backs the opposition. Tug of war for new influence at broadcaster ahead of elections under way after European court decision.
Resigned chairman Khazaradze now involved in anti-government “civic movement”. Alleges prosecution “aims to stop construction of Anaklia Deep Sea Port”.