Daily Archives: February 18, 2016

Ivanishvili sues Credit Suisse, claims 100 million franc disappeared

By | February 18th, 2016|Categories: News|Tags: , |

Bidzina Ivanishvili. (Interpressnews.) TBILISI, DFWatch–Georgian billionaire Bidzina Ivanishvili is suing Credit Suisse for losing 100 million Swiss francs, according to reports in Swiss press. Ivanishvili has filed a lawsuit at Geneva court against the financial manager of Credit Suisse Group AG, for embezzling […]

Casino plans called off in Tbilisi’s new ‘Millenium’ tower

By | February 18th, 2016|Categories: Economy|Tags: , , , , |

(DF Watch.) TBILISI, DFWatch–Plans to open a high-end luxury casino in downtown Tbilisi have been aborted because the Hong Kong based operator, Melco International Development, was unable to reach an agreement with UAE Dhabi Group about leasing of space. The casino […]

MP criticizes Georgia’s support for ‘anti-Armenian’ water resolution in CoE

By | February 18th, 2016|Categories: Caucasus region|Tags: , , , , |

Azerbaijan and Armenia are technically still at war over the region Nagorno-Karabakh. (Pirveli.) TBILISI, DFWatch–An ethnic Armenian member of the Georgian parliament criticized some of his colleagues on Wednesday for voting for a controversial Council of Europe resolution regarding access to water in Nagorno-Karabakh. Samvel Petrosyan, […]

S-3 road between Georgia and Russia closed due to wind and snow

By | February 18th, 2016|Categories: Roads update|Tags: |

(Interpressnews.) TBILISI, DFWatch–The S-3 road was closed in a mountainous area north of Tbilisi on Thursday because of strong wind and poor visibility. According to the Road Department, the road is closed for all traffic between Gudauri and Kobi. On the same road, trailers, […]

Prison minister supports merging ministries to save money

By | February 18th, 2016|Categories: In brief|

(Interpressnews.) TBILISI, DFWatch–The prison minister in Georgia supports a proposal by the head of the National Bank to merge the Prison Ministry with the Justice Ministry to save money. “The more we reduce government offices, the more effective the system will be,” […]

Stable power supply reestablished in Abkhazia

By | February 18th, 2016|Categories: News|Tags: |

(Interpressnews.) TBILISI, DFWatch–Intermittent power supply ended two days ago in the breakaway region Abkhazia. The reason for the recent power cuts is low water level in the Inguri reservoir. Georgia is now importing electricity from Russia in order to compensate […]