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Tag Archives: Rakia Georgia

Chinese and South Korean Investors Interested in Poti FIZ

Chinese and South Korean Investors Interested in Poti FIZ

Government has not yet selected  a new operator at Poti free industrial zone (FIZ) but the Chinese and South Korean investors have already shown their interest in the FIZ. Deputy Minister of Economy and Sustainable Development Ketevan Botchorishvili told Businesscontact. According to her, government is in active negotiations with several  major investors. …

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Tbilisi City Court Sequestered Sheraton Metechi Palace Hotel

Tbilisi City Court Sequestered Sheraton Metechi Palace Hotel

Sheraton Metechi Palace hotel has been sequestered, the PIA news agency reports. Tbilisi City Court has passed this form of legal restriction in relation to the legal dispute between  VI2 Partners GmbH, an Austrian company, and RAKIA Georgia. The decision serves as a security of claim. The court has also …

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Rakia Georgia to Spend 40 mln USD on Sheraton Hotel Renovation

Rakia Georgia to Spend 40 mln USD on Sheraton Hotel Renovation

The renovation process of the hotel “Sheraton Metechi Palace” started in 2013. The project is expected to be completed by the end of 2016. “Rakia Georgia” told Maestro TV’s Business Contact that for now facade renovation works are in progress at Sheraton Metechi Palace. A state tender has been announced …

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Poti Industrial Zone Attracts Large Companies

Poti Industrial Zone Attracts Large Companies

Rakia Georgia, the operator of  Poti industrial zone, changes its concept. According to the company’s Director  Guga Tsanava,  the company focuses on attraction of large companies in small quantities and not hundreds of small enterprises. At the same time, Guga Tsanava says that Rakia started investing in infrastructure development in …

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