RE: Translation #15 "The vicissitudes of the Frontera case", Forbes TV, $25 ($10)7 Jul 2020 15:05
Pt.2 (and final part)
For business media, this case, or the dispute between “Frontera Resources” and Georgia, became equivalent to Anaklia case in 2020. And these two things have only one thing in common - it's the affected side. And, as I told you, this victim is Georgia. On the one hand, against the background of a completely civilized and correct decision to defend their rights with the disputed investor, all this has returned to the country with unprecedented reputational damage. And against this background, the Georgian government is now ready to consider restoring the old business status quo for Frontera if it receives guarantees due to this pressure. But “Frontera” refuses. But here's my question - 13, 12, 7, or even your favorite 41, or 48, a congressman or senator will make a statement, a letter or a memo that the problem is over, Georgia is a successful country and it is an example for foreign investors. I have some doubts. I doubt it, because when and if there was anything to be said for Anaklia's consortium for any reason, for example, "Stop this business. I don’t have skill to do this.” Sit down and talk about peaceful and business separation. Instead, we got a pre-invented simple three-act soap opera to launder money, blaming systemic bank shareholders for disrupting Anaklia's project and terminating a contract, the prospect of which is also international, but with several lawsuits, with tens of millions of dollars invested perhaps with its penalties and obligations. This is how the themes of "Frontera" and Anaklia are like the twin brothers of Siam or you want like sisters, or brother and sister. They have ruined the reputation of our country. The reputation of local and foreign investors was also damaged, with which other foreign investors looked up to (Country's investment image and ongoing projects). The reputation of the country, which is much more valuable today than in any other mineral in this century, has been damaged. And, what was needed for that? Decisions and skills were needed and definitely communication with the opposing parties, in conditions of maximum publicity, and here the government has played a crucial role and will always have a responsibility as it is responsible for both the real situation and the action. And it doesn't matter who you're dealing with at the moment, Frontera, which has been in Georgia for more than two decades with constant delays. Anaklia project, which ended as it started. Long live the united Georgia with the traditional, first toast, may God be with us. We wanted it to be better, but it worked out as usual.
https://bm.ge/ka/video/fronteras-saqmis-peripetiebi/19240