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So is the way it is going to be for the next few days/weeks/months whilst we wait for the arbitration news?
It’s gone understandably very quiet, with nothing new to say that’s not already been said. I can’t see this ending until the big news eventually arrives.
I shall continue to pop in to have a read of others’ thoughts, but in the expectation of nothing new, save for the odd article dug up by Bugsy, Loued and others. GLA
This article is from 24th Jan but I don't think has been shared (apologies if it already has). It draws together the Georgian political climate, the Anaklia Port sage as well as FRR. Nothing new but an easy-read summary of events. I have only cut & pasted the part directly related to FRR (though there is a couple more references in the article -
“The Georgian government’s decision to suspend the construction contract with the Anaklia Development Consortium, in which Conti Group was a member, is definitely an alarming signal in terms of economic freedom in Georgia,” Givi Gigitashvili, a Research Assistant for the Caucasus and the Digital Forensic Research Lab of the Atlantic Council, tells Emerging Europe, adding that the available evidence seems to suggest that cancelling the contract with the ADC was a politically motivated decision about a project, with such decisions “indeed damaging the foreign investment climate in Georgia.”
At the same time, the latest edition of the World Bank’s Doing Business Report says that Georgia is by far the best performer in emerging Europe when it comes to the ease of doing business, with the country ranked seventh of 190 countries.
Mr Gigitashvili says that some Georgian Dream MPs have acknowledged that the project was shut down due to potential threats coming from Russia should construction be completed.
“For the first time in the history of an independent Georgia, our government sabotaged the accomplishment of a large-scale strategic project, which was openly backed by the US government. Regrettably, the fact that the Russian factor played an important role sends a negative signal not only to investors, but to Georgia’s friends in the US and the EU about the country’s reliability as a strategic partner,” he stresses.
Discussing potential sanctions put forward by Congressman Mullin, he believes that the bill, which was introduced over Frontera’s legal dispute with the Georgian authorities, would not gain enough support in the US Congress as it lacks the sufficient number of sponsors. However, the very existence of this bill “is already damaging the country’s image” and gaining more support will likely depend on the final decision taken by the arbitration court in the Hague.
“The fact that arbitration proceedings are pending at an international court gives hope that the decision will be objective,” he says, noting that “it is hard to discuss what impact it can have on bilateral relations between Georgia and the US before the court’s verdict is announced.”
Source - https://emerging-europe.com/news/is-economic-freedom-in-georgia-under-threat/