Businessman Caesar Chocheli Going to Collaborate with Co-investment Fund
 
News ArchiveOctober 21, 2013
The businessman Caesar Chocheli announced about  his intention to implement a number of projects with the Co-investment Fund.


In particular, according to the available information, it is about the construction of four new enterprises such as production of food, building materials and packing.

"This is about a pretty big investment. Against the background of some of the problems, these projects are suspended. Currently we are in talks with foreign businessmen as well as the Co-investment Fund "- says the businessman.

 

In his word , despite the problems with the current government, his group will remain the country's largest industrial group.


"Because of the charges brought by the Investigation Service of the Ministry of Finance, the development of the existing businesses as well as new directions has stalled. Because of this, we were forced to lay off 700 people. The main problem is that the property of our companies is arrested, and for this reason we have difficulty in relationships with banks and investors. The situation is complicated, but whatever it was, we intend to build another four enterprises. As soon as the problems of our business group are settled, the process will be speeded up, "- says Chocheli.


source:commersant.ge