Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile
All news

ARCHIVE NEWS

«    August 2017    »
MonTueWedThuFriSatSun
 123456
78910111213
14151617181920
21222324252627
28293031 

Trump's company pulls out of development projects in Azerbaijan and Georgia

logo russianconstruction.com
Trump's company pulls out of development projects in Azerbaijan and Georgia

Company owned by the U.S. President-elect Donald Trump, The Trump Organization, withdrew from the licensing agreement on hotel construction in Azerbaijan and is planning to take similar steps in Georgia, BBC reports.

According to Alan Garten, a lawyer representing Donald Trump’s interests, the project partners in the abovementioned countries are unable to comply with the terms of the contracts. He stressed that the matter concerned “normal business”, but is not an attempt to avoid conflicts of interest.

Meanwhile, according to the Associated Press, the projects were in some way connected with local politicians, and such a partnership could raise questions after inauguration of Donald Trump.

Earlier last week Trump’s company canceled a licensing deal for the construction of a hotel in Brazil, and before that, it closed four subsidiaries, presumably created for the purpose to implement projects in Saudi Arabia.

Related publications

PARTNERS

UP