Since I’m still not finding much time to write more about Sochi, here are some short news that have been happening recently:
Financial crisis and Sochi investment projects
Amid the global financial crisis and the news that many investors are wrapping up their big real estate projects all around Russia and around World, not a single investor withdrew from the already concrete Olympic projects in Sochi – which is good news. However, new investors are not so quick to jump in anymore, so, the promised Government’s financial guarantees will come handy after all, I guess.
Georgia changes it’s mind
Georgia, which was one of the first to congratulate Russia on winning the Olympics bid, and who’s president said he supported Sochi bid from the beginning.. Same Georgia which then started a war on the first day of the Olympics in Beijing – something that western media was quick to call “Russian propaganda”, but more recently admitted it was Georgia who started it, and finally even Georgian president admitted giving the order to attack South Ossetia after high ranking Georgian official publicly said the same thing… That same Georgia few days ago tried to appeal to IOC to move Olympics from Sochi to another city – the move that IOC has quickly dismissed.
I think now Georgian or Abkhazian question in Sochi Olympics formula is finally closed forever: Georgia attacked Abkhazia (along with Ossetia) → Georgia lost → Russia officially recognized Abkhazia’s independence, which means Abkhazia can help with constructions and will benefit from increased tourism flow to the region → Russian troops will anchor for now in Abkhazia to ensure the region’s stability → IOC acknowledges Sochi is a safe city for the Olympics, the World class event – the cycle is complete for the next decade.
Three persons were detained in connection with explosions in Sochi that occurred earlier this year. No details yet, though.