Georgian Businessman on Ivanishvili land: 1 GEL is Cheap, I Paid 850,000 for McDonald’s

Today they’re talking about some land which was purchased for 1 GEL in which an investment worth 1 million GEL is being made. When I built McDonald's in Kutaisi, I paid 850,000 and invested 3 million. I think 1 GEL is a bit cheap.

However, I don’t believe that the projects of Bidzina Ivanishvili are mistakes… I mean the “Panorama Tbilisi” project. But on the other hand, how timely is the development of such a project? The renovation of Old Tbilisi might be a bigger subject. What I’m talking about [the renovation of Old Tbilisi] is not a business, it is a charity. What Ivanishvili is doing now is business, mixed with charity… but it’s still a business.

Georgian Businessman Temur Chkonia in an interview with TV Pirveli on October 18. Tbilisi City Assembly agreed during a session on September 29 to transfer land around Pushkin Square in central Tbilisi to a company owned by former Prime Minister Bidzina Ivanishvili for the symbolic price of 1 GEL.
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