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Georgia PM resigns after mass protests

June 14, 2018 00:00:00


TBILISI, June 13 (AFP): Georgian Prime Minister Giorgi Kvirikashvili announced his resignation Wednesday after a series of mass protests highlighted a dramatic drop in his government's popularity.

In a televised speech, Kvirikashvili cited "a number of fundamental disagreements with the chairman of the (ruling Georgian Dream) party," billionaire tycoon and former premier Bidzina Ivanishvili, as a reason for his decision.

Kvirikashvili's move after two and a half years in power comes amid growing popular discontent over his government's handling of the economy and after mass protests in recent months.

On June 01, thousands of people took to the streets of Tbilisi over allegations of political influence in a murder trial, demanding Kvirikashvili's resignation.

A mass strike of Tbilisi subway workers followed, virtually paralysing public transport in the city of 1.2 million people.

In May, thousands rallied in the capital in protest at allegedly heavy-handed police raids on two popular nightclubs and the government's harsh anti-drug policy.

The demonstrators also demanded the resignation of Kvirikashvili and Interior Minister Giorgi Gakharia.

According to the Georgian constitution, a prime minister's resignation leads to the resignation of the entire cabinet.

The ruling party then has seven days to nominate a prime minister who will be appointed by the country's largely figurehead president.


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MLDYEING 41.0 45.1 41.0 45.1 10%
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STYLECRAFT 930.6 1000.4 1000.4 1000.4 7.5005%
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AMBEEPHA 562.7 599.0 570.0 585.3 4.0163%
SAIHAMCOT 21.0 22.1 20.3 21.8 3.8095%
PHARMAID 584.2 615.8 582.0 606.3 3.783%
COMPANY YCP HIGH LOW CLOSE %CHG
MLDYEING 45.1 45.1 41.0 41.0 10%
VAMLBDMF1 8.5 8.5 7.8 7.8 8.9744%
SONALIANSH 359.9 359.9 336.9 337.9 6.5108%
PENINSULA 33.9 34.2 31.1 32.0 5.9375%
MERCINS 22.6 22.8 21.4 21.4 5.6075%
LIBRAINFU 1101.3 1101.3 1045.0 1045.0 5.3876%
SAIHAMCOT 22.0 22.1 20.3 21.0 4.7619%
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PF1STMF 5.3 5.3 5.1 5.1 3.9216%
PHARMAID 609.7 615.8 582.0 587.2 3.8317%
COMPANY YCP HIGH LOW CLOSE %CHG
OAL 13.6 12.7 12.1 12.2 -10.2941%
SKTRIMS 43.1 44.4 38.9 39.3 -8.8167%
PRIMETEX 43.4 43.3 39.1 39.7 -8.5253%
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IBP 32.5 32.8 29.9 30.1 -7.3846%
SAMATALETH 57.5 57.7 52.7 53.4 -7.1304%
NURANI 20.4 20.5 18.8 19.0 -6.8627%
ADVENT 44.0 42.2 40.5 41.1 -6.5909%
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MEGHNAPET 16.1 18.5 16.1 18.5 -12.973%
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DACCADYE 4.5 5.0 4.5 5.0 -10%
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FINEFOODS 43.1 47.2 43.0 46.5 -7.3118%