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🟣 The industrial company iGroup and the Chinese Changan Corporation were to build the factory in Kutaisi together. The project was presented to us as a result of Georgian-Chinese cooperation. iGroup and Changan have more in common with neighboring Russia than with Georgia.

👉 Details you can read on the link - https://ifact.ge/en/why-the-electric-vehicle-factory-is-not-humming-in-kutaisi/

🕵️‍♀️ Research over numerous months by iFact showed that our government has no perception of it, even after 14 years of war.

🔔 When working on this article, we talked to the active and former military servicemen, as well as the former senior officials of the Ministry of Defense.

‼️ Their narrative shows that the government has not cared much about creating a properly functional and equipped air defense system with trained personnel.

How and by Whom the Georgian sky is Protected? Instead of ensuring technical support, the MoD has even contributed to the depletion of human resources. Our experienced pilots left the army.

🕵 iFact became interested in how and by whom the necessary negotiations were held before the purchase, how the price of thermal waters was calculated, and in general, why it was decided to buy a non-profitable business. In 2020, instead of profit, the company inflicted losses of 461 thousand GEL.

‼ The Ministry of Economy and Sustainable Development of Georgia did not answer these questions. We would have been surprised more if they did.

Read our latest investigation here 👇
https://ifact.ge/en/how-did-the-government-buy-tskaltubo-water/?fbclid=IwAR0rqGx1baBa42gQcKUGkJoapuxeKPdOoOF617KUBBqh5YElUklHTyNBRbs

🟣 “They bought out the estate in advance with the promise to create more favorable conditions to attract investors. I am a bit suspicious of such an approach. As a rule, when it comes down to it, there is a corrupt deal, and the license to use these resources is issued to the businesses and business groups closely tied to the government with some vague conditions. This risk is always inherent in the ownership of any asset by the state,” – explained Valery Kvaratskhelia, an economic analyst of the Reforms Association of Georgia.

Read our latest investigation here 👇
https://ifact.ge/en/how-did-the-government-buy-tskaltubo-water/?fbclid=IwAR0rqGx1baBa42gQcKUGkJoapuxeKPdOoOF617KUBBqh5YElUklHTyNBRbs