Levan Akhvlediani, executive director of the Anaklia Development Consortium declared to BMG, that a meeting would be held between the consortium and the government. According to Levan Akhvlediani, the timing of the meeting has not been set yet, but it would be definitely held.
"We do not know when this meeting will be held, but we confirm it," said Levan Akhvlediani.
According to an agreement between the Georgian government and the Anaklia Development Consortium, a 60-day deadline is set by which internal negotiations can continue. If the situation does not change after the 60-day deadline, the Anaklia Development Consortium will seek arbitration.
According to the agreement between the parties, the case should be heard in the Geneva Arbitration.
The Georgian government has officially terminated the contract with the Anaklia Development Consortium on the Anaklia Port Project. On January 9, the Ministry of Regional Development and Infrastructure said that along with the fine, the ministry would also demand the consortium to return the land that the government had redeemed during the development of the Anaklia Port Project.
To note, the Anaklia Development Consortium has already spent $ 74 million on the port project.
See all the news
Silknet signed Memorandum of Understanding with Global Communications Company One Web
Reuters: Dutch city tells floating Georgian monastery to cast off
The NBG hiked further as the GEL stays undervalued
World Bank expects slowdown of Georgia's economic growth in Q4 of 2019
Georgia-Estonia Business Forum is Held Today
Nestle Sees $250 Million Boost for Starbucks Products
GDP will be Calculated by the Updated Methodology from Today – What the Reform Will Cause
BM.GE: Giorgi Gakharia has selected a new business ombudsman
Tourist Number Hits a Record within 10Months and Exceeds 8 MLN Despite Putin’s Flight Ban
Galt & Taggart does not rule out slowdown of economic growth to 4% in 2020
Mamuka Khazaradze: finally, I also found out what we were accused of
Salmonella detected in frozen chicken meat imported from Ukraine
Talakvadze about Tskaltubo Development Project: special rules won’t apply to Ivanishvili
m2: we do not have any plans for Center Point at this stage
Georgia Capital to open 6 new hotels in Georgia under the new brand Amber Group
The CEO of m2 Group is changed - Shota Berekashvili replaces Irakli Burdiladze
The 30 Top Emerging Travel Destinations for 2020
"We hold rather comfortable shares on the market " – Does TBC Bank want to Buy Cartu?
Interview with Ahmed Bin Sulayem - Executive Chairman and CEO of DMCC
Agreement signed between Silknet and Euronews to launch “Euronews Georgia”