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Russian Influence.pdf

Russian capital and Russian connections in Georgian business.pdf

🔗 Source: idfi.ge

📊 Size: 2.82 MB

📄 Pages: 30 pages

⬇️ Downloads: 99

Summary

Russian citizens' share in house/apartment purchases in Tbilisi increased from 0.9% to 5% and in Batumi from 5% to 17.6% from January to November 2022. Russian citizens purchased 15,164 buildings and 13,850 plots of land in Georgia in 2022. Visits and income from Russian citizens surpassed 2019 levels. Exports to Russia increased by 38% in January-February 2023. 161,032 Russian citizens and 55 legal entities opened accounts in Georgian banks, with deposits totaling 2.87 billion GEL. Russian oligarchs and companies have significant influence in Georgia's communications, minerals, and mineral water sectors. The share of Russian products in the oil sector increased by 361%, and natural gas imports from Russia rose by 24%. Four out of five largest fuel companies in Georgia import from Russia, with government agencies purchasing 200 million lari worth of fuel from "Lukoil" in 2010-2022.

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Description

Russian citizens' share in house/apartment purchases in Tbilisi increased from 0.9% to 5% and in Batumi from 5% to 17.6% from January to November 2022.

Technical Information

File Format: PDF
File Size: 2.82 MB
Pages: 30
Language: EN
Total Downloads: 99
Last Updated: 1 week ago

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