Georgia has sold 75% of the Poti industrial zone to the Chinese

There are reports that the Georgian authorities are actually refusing Georgian companies to manage the country's largest industrial and port zones. So 75% of all assets of the Free Industrial Zone Poti Georgian leadership transfers to the management of the Chinese energy company CEFC (China Energy Company Ltd.) Georgian Economic Development Minister Georgy Gakharia put his signature on the relevant documents at the China-Georgia Economic Forum in China.

Thus, the Georgian state sold the lion’s share of the assets of the industrial zone of Poti belonging to a foreign company. Poti is the largest port of Georgia.

Information Agency Sputnik-Georgia cites the statements of Minister George Gakharia:

The agreement provides for the management of the Poti Industrial Zone by CEFC, the sale of 75% of the Poti Industrial Zone, which today belongs to the state.

The free industrial zone in the Georgian Poti was established in 2011 year. Five years later, official Tbilisi announced that the management of the free zone was unsatisfactory, announced the return of part of the assets to the state, and then actually re-privatization. The new investor (and in fact the owner) of the main part of the industrial zone's assets was decided to become China, or rather, the aforementioned Chinese company CEFC.

For reference: China is among the top three major trading partners of Georgia. For purchases, for example, China's Georgian wine takes the second place after the Russian Federation.

Comments

[Solomon Kane]

but it’s necessary ....

[cniza]

The Chinese have time everywhere and have something in mind ...

[Solomon Kane]

Vit, they are really everywhere ....

[cniza]

Yeah, but they still want to take control of energy supplies bypassing Russia.

[Maz]

Let them take, to our allies, an asset, Georgians to a liability.

[Orionvit]

Georgia has sold 75% of the Poti industrial zone to the Chinese

What else can you expect from a young, correct and ideologically sustained in the spirit of deification of democratic ideas, state. Moreover, just not long ago escaped from under centuries of oppression, his terrible and evil northern neighbor. But show off above the roof. To build industry (at first to destroy, but you don’t need a lot of intelligence for this), it’s not to sell tangerines in the market. So let the Chinese be better, those at least manage to do something worthwhile.

[evil partisan]

Why the hell is rodent industry? Chacha, wine, tangerines, cheese, some tourists, and that’s it, succeed!

[Topotun]

Another victory of democracy ... What's next? And yourself to Moscow?

[marshes]

Well done that investors have found, now a ferry, a grain terminal can be built as well as a gas liquefaction plant.
Kazakhstan has an oil terminal in Batumi, it owns a gas distribution system, but they didn’t have time to buy anything in Poti, the war of 888 mixed up the cards.

[voyaka uh]

The Chinese are masters in the construction and modernization of ports. Georgians did the right thing.
The Chinese will also provide employment and port cargo turnover for their exports.
For example, in Pakistan they built a huge deepwater port in a short time.

[evil partisan]

Quote: voyaka uh

Georgians did the right thing.

But agree voyaka uh , its industrial zone and its ports have more profitable. Well, if, of course, you know how to manage it (them) normally. Georgians signed their own negligence, chtoli? Or did someone still have something from this?
Sincerely, I always read your comments with pleasure.

[weksha50]

"China decided to become the new investor (and actually the owner) of the bulk of the assets of the industrial zone"...

Hmm ... Nekhilo ... While here we are breaking spears about a possible Chinese expansion in the Far East, and they are the Chinese - now, our neighbors in the south ... Stavropol Territory, Kuban, Rostov Region ... Well, Ukrainian ports are also nearby ... Yes, a lot of things ...
Vootoot ... Judas Mark marked something with a human face about capitalism, included perestroika spotlights ... Duplicated ... And in China, as the Communist Party led, it also leads ... And the economy has long been capitalistic ... And the possibilities Their economies are truly limitless ...
And so they will conquer the world ... without any physical wars ...
No, but Georgia is proud Georgia !!! Wah, I represent their feast with Chinese friends and the singing of "Suliko" and "Songs of Tbilisi" ...

[Geisenberg]

Farewell to the Georgian mountains ...

[LeonidL]

So she came the long-awaited independence !!! Now Great Georgia is independent not only of Abkhazia and South Ossetia, but also of almost all Poti !!!

[Bronevick]

The Chinese are buying up the whole world.