Carpenter - By rejecting its promise ruling party is fanning flames of civic discontent

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Police used water cannon to disperse protesters near Georgia’s parliament on Monday. The Interior Ministry announced that 18 people were arrested on charges of petty hooliganism and disobedience to police orders.  The protest took place days after the country’s parliament failed to pass a planned electoral reform, a move to full proportional representation from the mixed system at...

Lelo in the international publications spotlight - Khazardaze’s step into politics has provoked politically motivated attack on him

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Mamuka Khazaradze, founder of TBC Bank and Anaklia Development Consortium, held on September 12 a presentation of a new public movement “Lelo” in Georgia’s coastal town of Anaklia.   “Lelo” is in the influential international publications’ spotlight.  On September 15 _EU...

Influential international publications focus on 'political motive' of Khazaradze-Japaridze case

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Influential international publications focus on 'political motive' of the case of cofounders of TBC Bank, Mamuka Khazaradze and Badri Japaridze.  On September 11...

Georgian Dream names Giorgi Gakharia as candidate for post of Prime Minister

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The ruling Georgian Dream-Democratic Georgia Party named Giorgi Gakharia, Minister of Internal Affairs as the candidate for the post of Prime Minister. Bidzina Ivanishvili, Chairman of Georgian Dream-Democratic Georgia Party made the statement after the sitting of the political council and parliamentary majority held at the party’s central office. Giorgi Gakharia has held the posts of...

Mamuka Bakhtadze confirms that he resigns as Prime Minister

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Prime Minister Mamuka Bakhtadze has resigned. Bakhtadze released the relevant statement on the social network. “The purpose and main mandate of my nomination for the post of Prime Minister of Georgia in 2018 was to create and implement a strategic development framework for the country, which would ensure the achievement of our state goals in the coming years and would serve as the guide for...

Mamuka Khazaradze and Badri Japaridze released statement

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Mamuka Khazaradze and Badri Japaridze, founders of TBC Bank have released a statement. As the statement notes, they have information that the Prosecutor’s Office invited representatives of the diplomatic corps to a closed meeting scheduled for September 6 to present a report prepared by two foreign experts hired by the Prosecutor’s Office. “We would like to remind the Prosecutor’s...

British Embassy on Khazaradze-Japaridze case - It is critical process is handled in an impartial and transparent manner

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British Embassy in Georgia has said that the UK is closely watching developments related to the TBC co-founders Mamuka Khazaradze and Badri Japaridze. “As previously stated, it is critical that this case is handled in an impartial and transparent manner. This is crucial for Georgia’s ability to attract foreign investment in support of Georgia’s inclusive economic growth,” British...

Ministry of Regional Development and Infrastructure calls on Consortium to submit plan to government on replacement of Conti International in shorter period of time

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The Ministry of Regional Development and Infrastructure of Georgia calls on Anaklia Development Consortium to submit a plan to the government on a replacement of Conti International LLC in shorter period of time. “The only company from companies of the Anaklia Development Consortium, which meets the tender requirements announced by the Georgian government,  was the U.S.-based Conti...

Georgia’s political airwaves battle heats up with new channel announcement

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A new front has been opened in Georgia’s ‘Battle of the political airwaves’ with the announcement that a new channel, Formula, will be broadcast from October. One of the financiers is oligarch Davit Kezerashvili, who served as defence minister during the short war with Russia in 2008 when Georgia was still ruled by the Mikheil Saakashvili administration. With main opposition TV channel...

GD member - If Consortium fails to fulfill parts of its obligations by October 15, government will re-announce expression of interest regarding Anaklia port

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MP from the governing Georgian Dream party Irakli Mezurnishvili has said that if the Anaklia Development Consortium fails to fulfill parts of its obligations by 15 October 2019, the government of Georgia will re-announce expression of interest regarding the Anaklia Deep Sea Port project. “Our government has given the highest status to the Anaklia Deep Sea Port project. This is a really...

US Embassy on Khazaradze- Japaridze case - We are concerned about the context and timing of these charges

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The founders of the TBC Bank, Mamuka Khazaradze and Badri Japaridze have been formally charged by Georgia’s Prosecutor General's Office for “legalization of illicit income”.  The two are facing a criminal investigation for alleged breaches of money-laundering legislation, involving up to USD 17 million transaction that took place back in 2008. “We are closely following developments...

Russia says Georgia isn't safe. Russians in Georgia say otherwise

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The warnings for Russian tourists from the country's state media are stark: travelling to Georgia is no longer safe, some tourists have even been attacked. "The state is warning you that nobody would guarantee your safety in Georgia," TV presenter Olga Skabeeva told her audience. The flare-up in relations began when Georgian protesters tried to storm parliament in the capital, Tbilisi, last...

Ivanishvili: 2020 Polls Proportional, Zero Threshold

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Bidzina Ivanishvili, the chairman of the ruling Georgian Dream Democratic Georgia (GDDG) said upcoming parliamentary elections in 2020 will be fully proportional with zero threshold. The current Constitution which was adopted in September 2017, and further amended in 2018 foresaw mixed election to persist until 2024, while in 2024 the country was to pass to a proportional system with...

Georgians angry over Russian lawmaker's visit try to storm parliament

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Crowds angry over the visit of a Russian lawmaker tried to storm Georgia’s parliament building on Thursday evening, pushing against lines of riot police, throwing bottles, and grabbing riot shields from some officers and tearing off their helmets. The scenes in Tbilisi, the Georgian capital, flared up suddenly after public anger over the visit and speech of a member of the Russian lower...

Georgia’s PM - Today we should be focused on specific outcome, which means construction of Anaklia port at rapid pace

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Georgian Prime Minister Mamuka Bakhtadze has said that the country should have the Anaklia Deep Sea Port as soon as possible ‘to ensure full implementation of its transit function.’ ‘I would like to convince the Georgian society that the construction of the Anaklia Deep Sea Port is an integral part of our strategy. Moreover, we managed that this project is on a list of a lot...

Irakli Kobakhidze says President’s Avlabari Palace is built using money seized from people

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"The ceremonies will be one of the functions of the former presidential palace, while its main function will be to serve the people, - the Chairman of the Parliament of Georgia Irakli Kobakhidze told reporters on Tuesday. According to Irakli Kobakhidze, this palace is constructed using the money seized for the people, therefore the main task is to give this palace back to the people. “Our...

President’s Avlabari Residence to be used for hosting high ranking guests

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The main part of President’s Avlabari Palace will be used for hosting high ranking guests – Lasha Zhvania, Head of the President’s Administration, told reporters on Tuesday. “This is not the decision of the President’s Administration. This is the agreement between the President and the Prime Minister the main part of Avlabari Residence to be named the Palace of State Ceremonies,”...

U.S. Embassy on TBC Bank case - how conclusion comes about can have significant implications for Georgia’s reputation

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The U.S. Embassy to Georgia is closely following developments surrounding TBC Bank. “The conclusion of these matters, how that conclusion comes about, and how it is explained can all have significant implications for Georgia’s reputation as a place in which to invest and do business,” the Embassy told the _ACCENT_. As for the investment environment in Georgia, the Embassy said...