Parliament of Georgia passes de-oligarchization bill with its 1st reading

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15 November 2024, 06:16

14 November

21:42
995th day of war in Ukraine - the list of key events

18:34
Our big mistake was that we agreed to switch to a system we were not familiar with - Gvaramia

17:10
Since the political team supported by several MEPs didn’t win, then the elections were held incorrectly and badly - Kaladze on debates in European Parliament

16:44
Turkey archaeological breakthrough as 1,100 ancient coins found at funeral
16:33
Everyone’s rights in the country are protected regardless of their religion, orientation - Kaladze

16:05
Shorena Oniani needs public help

15:01
IDF says airstrikes destroyed 140 Hezbollah launchers, killed 2 top commanders

12:58
Another European airline has entered the Georgian air market - Sky Express launches Athens-Tbilisi direct flights
12:34
It’s encouraging that there are European Parliament members who evaluate facts realistically and avoid negative campaigning as desired by the opposition in our country - Gorduladze

12:26
Shalva Papuashvili compares foreign political arrests to proverb “some see the speck in another"s eye and ignore the log in their own”

11:31
Tbilisi City Hall announces traffic restrictions for Georgia-Ukraine match screening on November 16

11:27
Geostat started the Population and Agricultural Census
11:21
Aid groups working in Gaza say Israeli attacks killed at least 20 of their staff in the past month

10:31
Twenty Georgian wine-producing companies participated at the Merano Wine Festival in Italy

10:28
EU’s Borrell proposes suspending Israel dialogue over Gaza war concerns

10:20
We are threatening Georgia with freezing their accession process simply because the majority in this parliament and the Commission don’t like the winners - MEP Danilo Della Valle
10:14
Georgians are smart people, they know that the geographical location of their country is important. They do not want to get involved in the conflict between power blocs - MEP Hans Neuhoff

08:28
Discussion about Georgia was held in the European Parliament

08:05
Tbilisi City Court rejected the joint lawsuits of opposition parties and non-governmental organizations

02:11
Earthquake hits Georgia
00:45
The National Bank sets new exchange rate for GEL
13 November

21:40
Spaniards brace for fresh storms two weeks after deadly Valencia floods

18:36
Prosecutor’s Office summoned Khatia Dekanoidze and Badri Japaridze for questioning as part of the investigation into possible election fraud

16:59
Prime Minister of Georgia meets FIFA President

16:52
Presumption of innocence against the member of Saburtalo District Election Commission is violated - CEC
15:16
Non-governmental organization “ISFED” continues to manipulate the topic of voter gender activity - CEC

15:12
Members of the opposition, their supporting women are trying to block the Aghmashenebeli alley - they marched from the area adjacent to the CEC

15:04
In January-October, export growth exceeded 7%, reached a record volume of USD 5.5 billion - Vakhtang Tsintsadze

14:21
External Merchandise Trade of Georgia amounted to USD 19 022.4 million in January-October 2024 - GeoStat
13:38
Border Police detained 5 citizens of the foreign countries for the fact of illegal group crossing of the border

12:24
FIFA President visits Georgia

12:07
In Georgia, we take our responsibility to address the climate crisis and have already undertaken significant steps to make a meaningful impact - Kobakhidze

11:58
Otar Shamugia inspected the company “Kvareli Baga” in Kvareli municipality
11:49
Georgia is committed to submitting its third-generation Nationally Determined Contributions by 2025, consistent with the aim of limiting global warming to within 1.5 Degrees Celsius limit – Kobakhidze

11:48
Climate changes are profoundly disrupting economies of the developing countries and jeopardising the livelihoods of particularly vulnerable nations and communities – Prime Minister

11:36
Tbilisi Sports Palace to be rehabilitated

09:38
Giorgi Berishvili needs public help
09:27
With the lack of corruption among public officials, Georgia ranks 22nd in the world, 11th in Europe, and with an 11-year improvement in the assessment, it ranks 1st in the world.

09:06
Presentation of Georgian wine took place in Helsinki, Finland

08:42
Traffic is temporarily restricted on the Metekhi Bridge

00:09
Weather forecast for November, 13
00:02
The National Bank sets new exchange rate for GEL

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Parliament of Georgia passes de-oligarchization bill with its 1st reading

03-11-2022 14:40

The Parliament of Georgia adopted the de-oligarchization bill in its first reading, with 80 votes in favour and 9 against.

The draft legislation addresses several concerns, such as defining the term “oligarch”, identifying an oligarch and placing them on the relevant register, generating the aforesaid register, legal sanctions, and so on.

According to the proposal, an oligarch is someone with substantial financial and political weight in public life who meets at least three of the four criteria.

The criteria are political engagement, considerable media influence, being the ultimate beneficiary of an enterprise with a dominant market position and possessing confirmed assets that exceed one million times the subsistence minimum for an able-bodied individual as of January 1 of the relevant year.

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