Georgian president officially confirms nomination of Mamuka Bakhtadze for prime minister
Tweet 
Share
President of Georgia Giorgi Margvelashvili has officially confirmed the nomination of Mamuka Bakhtadze for the country’s premiership.
The president of Georgia has the ability to reject a candidate put forward by the parliamentary majority.
"Under Article 80 of the Georgian constitution, Mamuka Bakhtadze, put forward by the parliamentary majority, will be confirmed as a candidate for the premiership”, says the presidential decree.
Mamuka Bakhtadze, 36, was nominated by the Georgian Dream ruling party as a candidate for the office of prime minister after former PM Giorgi Kvirikashvili resigned due to controversies on fundamental issues with the ruling party and its head, Bidzina Ivanishvili.
Mamuka Bakhtadze has seven days to form a new government and present it to the parliament. If the parliament approves Mamuka Bakhtadze and his choice of ministers and their action plan, the new government will set to work.
The Georgian Prime Minister Giorgi Kvirikashvili has announced that he quits his post due to the controversies on economic and other fundamental issues with the Georgian Dream ruling party and the party head Bidzina Ivanishvili. He stated that now the party leader should be given an opportunity to offer the team which he believes to cope with the current state challenges better.
The Georgian Dream ruling party has named acting Finance Minister of Georgia Mamuka Bakhtadze for the prime minister’s candidacy, after the resignation of Giorgi Kvirikashvili yesterday.
Georgian Prime Minister Giorgi Kvirikashvili announced this morning that a major reshuffle will take place in the Cabinet of Ministers. Some ministries will be merged while several ministers will be replaced.
New regulations on responsible lending practice set by the National Bank of Georgia (BOG) for commercial banks are coming into force today. The regulations aim to protect consumer rights and bolster healthy credit portfolios at commercial banks.
The Georgian Dream ruling party candidate for Prime Minister Mamuka Bakhtadze announced at today’s briefing that the number of ministries will decrease from 14 to 11.
"Our first idea is to fully annul the tax arrears of the period before January 1, 2013”, PM designate Mamuka Bakhtadze said at the parliamentary majority meeting today. Bakhtadze presented the governmental program ‘Freedom, fast development, prosperity’ to MPs today.
Candidate for Prime Minister Mamuka Bakhtadze has presented his vision about the country’s economic development at an extraordinary parliamentary session on June 20.
Deputy Prime Minister and Minister of Foreign Affairs and European Affairs of the Kingdom of Belgium, Didier Reynders, told Georgian Prime Minister Mamuka Bakhtadze that the democratic reforms which have been carried out in Georgia are exciting.
Georgian Prime Minister Mamuka Bakhtadze has confirmed his resignation in a long Facebook post earlier today, in which he cited the key challenges Georgia faces, in addition to the achievements the country has seen during his tenure.