Page 9 - GEORptOct19

"Ideally, EBRD support may not be necessary because we are a development bank. The EBRD only deals with a situation where the commercial market cannot exploit its potential [meaning that] there is a need for extra involvement. We have told the prime minister that if the Anaklia project is feasible we are ready to play our part in this important project," he added.
ADC should submit its final agreement with investors to the government by October 15 and raise required financing by the end of the year. The government says the consortium should also address the issues of replenishing its own capital, replacing Conti Group and presenting a final agreement with the banks, which should only require the approval of the supervisory boards of those banks.
2.4​ ​Protesters in Georgia give government ‘red card’
Mikheil Saakashvili’s United National Movement (UNM), its more moderate ally European Georgia and entrepreneur Mamuka Khazaradze’s newly founded Lelo Public Movement attended protest rallies in the proximity of the residence of President Bidzina Ivanishvili and in front of the parliament building on September 20​—the demonstrations came three months after similar protests against the government were aggressively dispersed by riot police.
Protesters in front of parliament on September 20 displayed ‘red cards’ aimed at ruling party Georgian Dream. As the organisers of the rally stated, the cards underlined the desire for Bidzina Ivanishvili’s party to leave the field.
"Show red cards to Ivanishvili because we are against the government. We show Ivanishvili a red card for things to end here," the organizers said.
Among the protesters was TBC Bank co-founder and backer of the Anaklia deep-water port flagship infrastructure project, Khazaradze, who, facing pressure from the authorities, is now a political activist as well.
“I am not going to cooperate with Mikheil Saakashvili,” Khazaradze, pushing his Lelo Public Movement, told reporters outside parliament when asked if he would cooperate with the former president, who is self-exiled in Ukraine.
Khazaradze earlier made a speech in which he said the June 20 police action amounted to a watershed moment that prompted him to decide to come out and join the protesters.
2.5​ ​Former US ambassador to Nato warns Goeorgia’s progress towards democracy could reserve
Georgia is deeply politically divided and its democratic progress could reverse in the wake of the “deeply flawed” presidential elections held late last year. ​That’s the view of Kurt Volker, who served as US ambassador to Nato during the five-day Russo-Georgian War in August 2008. Volker gave the warning at a conference in Washington, D.C. on September 23 after returning from a trip to Georgian capital Tbilisi.
Internal fights were making it harder for Georgia’s allies to help it overcome
9​ GEORGIA Country Report​ October 2019 ​ ​www.intellinews.com