The Georgian Co-Investment Fund, backed by former Georgian prime minister billionaire Bidzina Ivanishvili will be involved in building a luxury condominium in Georgia’s port city of Batumi. The Silk Tower will replace Batumi’s previously planned Trump Tower. [Read more…]
Tbilisi city authorities have come under fire for a recent decision to privatise a plot of land in central Tbilisi. The sale was for just ₾1 ($0.40), to a company connected to Georgia’s wealthiest, and perhaps most influential person — billionaire ex–Prime Minister Bidzina Ivanishvili.