Killing Anaklia Project

In early 2020 the Georgian Government canceled the multibillion-dollar Anaklia Port Project. Anaklia Development Consortium — the project’s developers — have accused the Government of trying to deliberately sabotage the project because the government fears pressure from Russia, did not want western…

1 min read

The ADC stated gov’t reneged on support for port project

The FINANCIAL — The Anaklia Development Consortium is the company originally selected by the government of Georgia to develop the Anaklia Port project. The company has released a statement yesterday, September 9. The statement claims the government ran a campaign to undermine the…

5 mins read

Anaklia Development Consortium filed a lawsuit against Georgia

The FINANCIAL — The Anaklia Development Consortium (ADC) and Mr. Bob Meijer, one of its principal investors, on 29 July filed separate arbitration claims against Georgia in relation to their rights in the Anaklia Port Project. Together the two claims seek to recover…

5 mins read

Economy Minister: Anaklia Project ‘Strategic’, ADC out of the Game

Civil.ge -- On May 14, Georgian Minister of Economy and Sustainable Development Natia Turnava said the Anaklia Deep-Sea Port Project is of “strategic importance” for Georgia, however, after the Georgian government has terminated its contract with the Anaklia Development Consortium (ADC) in…

4 mins read