Difference between revisions of "Foreign Real Estate"
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{{Quotation|The square may soon be getting another landmark building, after larger-than-life US property tycoon Donald Trump signed an agreement this month to help develop one of his signature towers there, plus another in the coastal resort of Batumi. The deal was a PR boost for the ex-Soviet state which is struggling to lure back foreign investors following its war with Russia in 2008 and the global financial crisis. But statistics published the day after the agreement suggested that Georgia needs more help than the flamboyantly-coiffured US magnate has to offer. [...] The Georgian economy was propped up by $4.5 billion (3.23 billion euros) of US and EU aid and loans after the 2008 conflict, which maintained stability during the global crisis and enabled a post-war return to growth. Inflation, poverty and unemployment remain critical problems, however. "Georgia is located in a troubled region," said independent economic analyst Demur Giorkhelidze. "Investors need a predictable government with a well-considered economic policy which makes calculated political steps." Local critics were quick to note that although Trump signed a deal to allow the proposed luxury towers to be branded with his name and help raise financing for construction, he didn't actually commit any of his own funds to the estimated $250 million (180 million euro) project. But despite this, the government is optimistic that the US tycoon's celebrity allure could act as an advertisement. "When someone like Trump decides that Georgia is the right place to put his brand name, a lot of other companies will feel comfortable following in his footsteps," said economy minister Kobalia. (Agence France Presse, March 20, 2011)}} | {{Quotation|The square may soon be getting another landmark building, after larger-than-life US property tycoon Donald Trump signed an agreement this month to help develop one of his signature towers there, plus another in the coastal resort of Batumi. The deal was a PR boost for the ex-Soviet state which is struggling to lure back foreign investors following its war with Russia in 2008 and the global financial crisis. But statistics published the day after the agreement suggested that Georgia needs more help than the flamboyantly-coiffured US magnate has to offer. [...] The Georgian economy was propped up by $4.5 billion (3.23 billion euros) of US and EU aid and loans after the 2008 conflict, which maintained stability during the global crisis and enabled a post-war return to growth. Inflation, poverty and unemployment remain critical problems, however. "Georgia is located in a troubled region," said independent economic analyst Demur Giorkhelidze. "Investors need a predictable government with a well-considered economic policy which makes calculated political steps." Local critics were quick to note that although Trump signed a deal to allow the proposed luxury towers to be branded with his name and help raise financing for construction, he didn't actually commit any of his own funds to the estimated $250 million (180 million euro) project. But despite this, the government is optimistic that the US tycoon's celebrity allure could act as an advertisement. "When someone like Trump decides that Georgia is the right place to put his brand name, a lot of other companies will feel comfortable following in his footsteps," said economy minister Kobalia. (Agence France Presse, March 20, 2011)}} | ||
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+ | === Trump had earlier ties to Saakashvili === | ||
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+ | {{Quotation|The other day, the President of Georgia, Mikheil Saakashvili, came to town to see an old friend: Donald Trump. [...] Saakashvili, who is six feet three, with close-set eyes and floppy black hair, explained that he had been a Trump fan since the mid-nineties. After getting a master's in law from Columbia, he worked at a New York firm that was a Trump tenant. "I met him in an elevator," the President recalled. "He asked me whether we liked the building. I said to him, 'You better fix the showers on our floor,' and it was done within, like, twelve hours."The Trump touch left an impression. "I always stay in New York in Trump hotels," Saakashvili said; this time it was the International Hotel and Tower, at Columbus Circle. (New Yorker, April 18, 2011)}} | ||
=== Batumi === | === Batumi === |
Revision as of 14:00, 2 April 2017
Contents
- 1 Argentina
- 2 Azerbaijan
- 3 Brazil
- 4 Bermuda
- 5 China
- 6 Cuba
- 7 Dominican Republic
- 8 Egypt
- 9 France
- 10 Georgia
- 10.1 Trump Interest in Georgia Development Reported
- 10.2 Michael Cohen sent to Georgia
- 10.3 Georgian President announces Trump development deal
- 10.4 Final Deal Announced in New York
- 10.5 Trump Uses Ceremony to Criticize Obama
- 10.6 Local Media Falsely Reports Trump Will Invest $250 Million
- 10.7 Georgian government portrayed deal as a PR coup
- 10.8 Trump had earlier ties to Saakashvili
- 10.9 Batumi
- 10.10 Tblisi
- 11 India
- 12 Indonesia
- 13 Israel
- 14 Mexico
- 15 Netherlands
- 16 Philippines
- 17 Qatar
- 18 Saudi Arabia
- 19 South Korea
- 20 Switzerland
- 21 St. Vincent and the Grenadines
- 22 Taiwan
- 23 Turkey
- 24 Uruguay
Argentina
Buenos Aires - Trump Tower
Azerbaijan
Baku - Trump Tower
Brazil
Rio de Janeiro - Trump Hotel
Rio de Janeiro - Trump Towers
Bermuda
China
Cuba
Dominican Republic
Egypt
France
St. Martin - Chateau de Palmiers - Excel Venture
Georgia
Trump Interest in Georgia Development Reported
“ Maia Lomadze, public relations manager of the Silk Road Group, told RFE/RL on June 25 that the Trump Organization will jointly work with the Silk Road Group to invest in business projects in Tbilisi and the Georgian port city of Batumi. Lomadze added that Trump Organization Vice President Michael Cohen will visit Georgia on June 29. [...] Trump reportedly discussed the possibility of investing in Georgia in April during a meeting with Georgian President Mikheil Saakashvili in New York City, where the Trump Organization is headquartered. [...] The Georgian President's Office said Ivana Trump is also planning to invest in Georgia, namely, to set up a multifunctional entertainment center in Batumi. (Radio Free Europe, June 26, 2010) ”Michael Cohen sent to Georgia
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