“ Any actual construction, if it begins as scheduled in 2013, would be overseen by Giorgi Ramishvili, chairman of the Silk Road Group, one of the largest private investment companies in the south Caucasus region. The deal, which the partners estimate at $300 million, calls for two projects. The Trump Tower Tbilisi would go up on Rose Revolution Square in Georgia's capital. The Trump Riviera would be part of a planned Silk Road complex that includes a casino, an exhibition hall and a marina, in the resort city of Batumi on the Black Sea, near Turkey. The residential buildings will each contain 100 apartments and rise nearly 40 stories -- average by New York standards, but nearly twice the size of the republic's tallest structures. [...] Silk Road, which recently opened the Radisson Tbilisi hotel in the capital, expects to open another hotel, the Batumi Radisson this summer. Tourism is a relative new field for Silk Road, which is a major fuel trader and transporter, and also the largest Internet provider in Georgia. The company also has a contract to move American military equipment to Afghanistan from Iraq. The Georgians seem to have had their eye on the Trump clan for some time. Two years ago, Giorgi Rtskhiladze, an assistant to the chairman of Silk Road, invited Mr. Trump's Czech-born ex-wife, Ivana Trump, to Georgia to consider investing there. ( New York Times, March 11, 2011) A Georgian-Kazak company committed to building hotels
“ Silk Road Group, a Georgian-Kazakh company, has invested $100 million in the construction of a Radisson SAS Iveria hotel in the center of Tbilisi, Silk Road Group General Director Georgy Ramishvili told Interfax. The hotel was built in place of the old hotel Iveriya and opened on Thursday. The construction work was done by Turkey's UCGEN Group and Kazakhstan's Development Solution. (Kazakstan General Newswire, September 3, 2009) ”Silk Group Executive Linked to Former Paramilitary Group?
“ The newspaper reports that Kazakh side files a suit against the former manager of "BTA Bank", who has stolen several millions of dollars from the bank and hides since that. Businessman with criminal past, known as "Zarala" (Giorgi Ramishvili), has assisted the manager in this situation, the article says. Ramishvili's name is linked to "Silk Road Group", which was founded in 1998. The group includes "SilkNet, Wissol Petroleum Georgia", "Radisson" (Tbilisi and Batumi), "BTA Bank", investment company "DS" (hotel complexes in Ajara and residential complex "Sakanela" in Tbilisi). As the article notes, Ramishvili is a former member of "Mkhedrioni" (paramilitary group in early 1990-is) and under the previous government, he was patronized by Nika Rurua (former minister of Culture and Monument Protection), who was also "Mkhedrioni" member in its time. (Sarke Economic Press Monitor, September 4, 2013) ”First company to deliver Kazakh oil through Georgian ports
“ Business relations between “Silk Road Group” and Kazakh Investment Bank “ended with mutually acceptable terms”. That was declared by “Silk Road Group”'s founder Giorgi Ramishvili and Kazakhstan's ambassador to Georgia Yermukhamet Yertysbayev at the meeting today. As “Silk Road Group” noted, “jointly founded Georgian-Kazakh bank is currently owned by Georgian side only”. To note, “Silk Road Group” owned 50.99% in Georgian “BTA Bank”, while Kazakh “BTA” – 49%. “BTA Bank” finished the 3rd quarter with loss of 4.19 million lari. At the same time, the company said that they continue development of investment projects in telecommunications and energy jointly with Kazakh partners. First implemented Georgian-Kazakh project is Tbilisi hotel “Radisson Blu Iveria”, totally re-built by “Silk Road Group”, said the company and added that another hotel (in Tsinandali) will be finished in 2016. “Silk Road Group” was the first company, which had delivered Kazakh oil to Western market through Batumi port in 2001, the company pointed. In the following years, hundreds of thousands t of raw oil and oil-products from Kazakhstan were transferred to various European ports, said “Silk Road Group”. (Sarke Daily News, December 12, 2014) ” |
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