Categories
News Review

Italy passes law clamping down on surrogacy tourism

Categories
News Review

Abkhaz officials and deputies are seeking preferential loans from Russian banks, even though they are not entitled to them

Abkhaz officials want preferential loans

According to a leaked document, high-ranking officials and deputies in Abkhazia will receive preferential loans from Russian banks, even though this is illegal. The list, published by the Telegram channel “Abkhaz Portal,” includes the Vice President of the Republic, Badra Gumba, Prime Minister Alexander Ankvab, the Ministers of Economy and Justice, the head of one of the districts, three deputies, and the president’s son-in-law.

Russian banks approved the officials’ and deputies’ applications under a preferential loan program for Abkhaz entrepreneurs for 2022-2025. However, Abkhaz law prohibits officials and deputies from engaging in entrepreneurial activities.



According to sources from the “Abkhaz Portal,” the loans have been allocated as follows:

  • To deputies Timur Beiya and Alkhas Bartsits, and Minister of Justice Anri Bartsits for the construction of apartments in Sukhumi (approximately $12.5 million);
  • To Prime Minister Alexander Ankvab, Minister of Economy Kristina Ozgan, and Deputy Aslan Lakoba for the construction of a brewery in the city of Gudauta ($6.25 million) and a hotel in New Athos ($5.21 million);
  • To Vice President Badra Gumba for the construction of apartments in Sukhumi ($11.46 million);
  • To the head of the administration of the Gali district, Konstantin Piliya, and the president’s son-in-law, Omar Avidzba, for the construction of apartments ($12.5 million);
  • To Deputy Alisa Gularia for the construction of a hotel in the Gagra district ($5.21 million).

This information was made public as early as October 11, but as of now, five days later, only one person from the controversial list, Timur Beiya, has issued an official denial, stating that he has not received any loans, has not submitted any applications, and had no intention of doing so.

According to one of the opposition leaders, Adgur Ardzinba, he is not surprised at all, since obtaining preferential loans “fits perfectly within the logic of the [Abkhaz] authorities’ behavior and their usual course of action.”

He explained that the program to support Abkhaz entrepreneurs was approved in 2015 by Russian President Vladimir Putin at the request of the then leader of Abkhazia, Raul Khajimba. Ardzinba, who at the time held the position of Minister of Economy, was tasked with overseeing this initiative.

“I want to emphasize that all processes related to business lending were conducted under unprecedentedly transparent conditions. A special open commission was created, and all of its meetings were held in the presence of journalists. Moreover, information about all entrepreneurs who were selected was openly published, with the names of the founders provided. Naturally, the idea that any officials or deputies might consider taking a portion of these funds for themselves was out of the question,” Ardzinba stated.

In his opinion, the current authorities display a “disrespectful and rude” attitude toward their people and keep all processes related to the distribution of loans secret.

To those who found their names in the published lists and believe they have been slandered, the opposition leader recommends helping to release the official list of participants in the loan program.


Terms, place names, opinions and ideas suggested by the author of the publication are her / his own and do not necessarily coincide with the opinions and ideas of JAMnews or its individual employees. JAMnews reserves the right to remove comments on posts that are deemed offensive, threatening, violent or otherwise ethically unacceptable.

The post Abkhaz officials and deputies are seeking preferential loans from Russian banks, even though they are not entitled to them first appeared on The South Caucasus News.

Categories
News Review

Manchester United open to letting £86m Antony leave on loan in January – Paper Talk | Football News

Categories
News Review

@visegrad24: 🇨🇳CHINA TO SEARCH FOR EXTRATERRESTRIAL LIFE THROUGH SPACE PROGRAM🇨🇳 Chinese scientists have launched an initiative under China’s space science development programme aimed at searching for extraterrestrial life and evaluating the habitability of exoplanets and other celestial…

Categories
News Review

Female Officer STABBED In The HEAD!

Get The Chairman™ Pro Package for 20% OFF + Free International Shipping withpromo code “DONUT” at manscaped.com! #manscapedpartnerSupport the channel at http…

Categories
News Review

@nytimes: In @nytopinion We journeyed through the criminal justice system, where predatory fees punish people before they’re even convicted. Watch here to see how people are being nickled and dimed at every turn: nyti.ms/48brN8z

Categories
News Review

Can Europe get up to speed? Turbolent switch to electric vehicles

Can Europe compete? Part of the answer on display in Hall 5 of the Paris auto show which opened its doors to the public Tuesday. Chinese maker BYD signaling its play for the French market with affordable – albeit subsidized – fully electric models. We will ask about EU pushback against those subsidies, and how the homegrown competition is faring.

Read more about this story in our article: https://f24.my/Afl0.y

🔔 Subscribe to France 24 now: https://f24.my/YTen
🔴 LIVE – Watch FRANCE 24 English 24/7 here: https://f24.my/YTliveEN

🌍 Read the latest International News and Top Stories: https://www.france24.com/en/

Like us on Facebook: https://f24.my/FBen
Follow us on X (Twitter): https://f24.my/Xen
Browse the news in pictures on Instagram: https://f24.my/IGen
Discover our TikTok videos: https://f24.my/TKen
Get the latest top stories on Telegram: https://f24.my/TGen

Categories
News Review

@Reuters: Canada’s Trudeau says India made a ‘horrific mistake’ by interfering reut.rs/4eXYgS0

Categories
News Review

Italy makes it illegal to seek surrogacy treatment abroad

The Senate has voted into law a bill proposed by Giorgia Meloni’s far-right Brothers of Italy party by 84 votes to 58
Categories
News Review

Donald Trump LIVE | Trump Major Interview | The Economic Club Of Chicago |Kamala Harris |US Election

Donald Trump LIVE | Trump Major Interview | The Economic Club Of Chicago | Bloomberg News Live | Kamala Harris | US ElectionJoin us live as former President …