Target audience of Eagle Hills projects is Georgian citizens - Deputy Economy Minister
Deputy Minister of Economy and Sustainable Development Irakli Nadareishvili has responded to claims circulated by certain opposition groups, suggesting that the real estate within the Eagle Hills projects is primarily intended for foreign nationals and that Georgian citizens will not have the opportunity to purchase them.
“This is utterly absurd. It is unthinkable that a real estate project is being developed within our country and that local residents would be excluded from buying there. Naturally, the target audience of these projects is and will continue to be Georgian citizens,” Irakli Nadareishvili affirmed.
According to the Deputy Minister, the pricing of real estate within the Eagle Hills developments will reflect the current economic situation in Georgia.
“This will be evident in the pricing strategy, as it is simply impossible for the prices to fall outside the commercial parameters, which include construction costs and related factors in Georgia. Moreover, we are familiar with Eagle Hills projects in various countries, and therefore, such risks are unthinkable,” Nadareishvili added.
The Deputy Minister further explained that the company’s sales office is situated in a prime location in Tbilisi, on Rustaveli Avenue, where Georgian citizens will have access to purchase property. An active marketing campaign and pre-sales phase are set to commence shortly.
“The myth that there is a special pricing policy for certain groups will be dispelled very soon. There have been rumours suggesting that contracts include clauses based on nationality or quotas. This is completely unthinkable. It’s frankly laughable,” Nadareishvili concluded.
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Today a settlement agreement was signed with Inter RAO, which will have minimal, almost zero, impact on Georgia’s economy - Levan Zhorzholiani
08.01.2026.22:42
Levan Zhorzholiani, the Head of the Georgian Government Administration, on Thursday said that despite anti-Russian rhetoric in public statements, the former Government under Mikheil Saakashvili transferred strategic energy facilities to the Russian side and imposed higher tariffs on Georgian citizens by its own decision - an approach that was later rejected by the Georgian Dream Government.
In his remarks, Zhorzholiani noted that the Saakashvili administration sold all strategic energy assets, including the transfer of the Khrami hydropower plants to Inter RAO, a Russian company, further pointing out that a Government decree was issued at the time, under which the Georgian Government promised to compensate the Russian side for its investments through increased electricity tariffs.
“The Government also issued a directive promising the Russian side that the increased electricity payments would compensate for the costs they incurred, which, of course, would have burdened Georgian citizens by raising electricity tariffs. The Georgian Dream Government refused to do this. Firstly, because the Government has no authority to set such tariffs; that is the responsibility of the Georgian National Energy and Water Supply Regulatory Commission (GNERC). GNERC set a fair tariff that did not align with Russian interests, which led to arbitration proceedings”, he noted.
“Thanks to the active involvement and efforts of the Ministry of Justice, today a settlement agreement was signed with Inter RAO, which will have minimal, almost zero, impact on Georgia’s economy”, Zhorzholiani continued.
“As for political responsibility, it is clear that a government which publicly declared itself anti-Russian, but in practice acted in the most pro-Russian manner, transferred strategic energy facilities to a Russian company and attempted to impose increased tariffs on its own population - something the Georgian Dream government firmly rejected”, he concluded.