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Home Georgia

Zurabishvili Sworn-in as New President

The FINANCIAL by The FINANCIAL
December 17, 2018
in Georgia
Reading Time: 1 min read
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Zurabishvili Sworn-in as New President

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The FINANCIAL — Salome Zurabishvili, 66, was sworn in as Georgia’s fifth president for a six-year term on December 16 in an oath-taking ceremony in the eastern Georgian town of Telavi.

“I, the President of Georgia, before the God and the Nation, declare to observe the Constitution of Georgia, defend the independence, unity and indivisibility of the country, to perform faithfully the duties of the President, to take care for the security and welfare of the citizens of my country and for the revival and might of my nation and homeland,” Zurabishvili said, holding her hand on the Georgian constitution.

After the oath-taking, Zurabishvili delivered the inauguration speech in presence of invited guests, foreign dignitaries, government members and lawmakers from the ruling party and Georgian soldiers. President Giorgi Margvelashvili attended the ceremony as well.

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The oath-taking ceremony marked entry into force of the new constitution, which completes the country’s transition from semi-presidential to parliamentary system of governance.

The new constitution will further reduce president’s executive powers, a process launched in the 2010 constitutional amendments and finalized in the 2017 constitutional changes.

This also marked the last time the head of state was elected through direct ballot. According to the new constitution, which entered into force upon Zurabishvili’s inauguration, the head of state will be elected by a 300-member Electoral College for a term of five years starting from 2024.

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A day before the oath-taking ceremony, on December 15, President-elect Salome Zurabishvili laid a wreath at the memorial of fallen Georgian soldiers at Heroes’ Square in Tbilisi. She also visited the Mtatsminda Pantheon, a cemetery of public figures in Tbilisi.

civil.ge

 

Tags: AzerbaijanBelarusdesigned to support SMEs in the six Eastern Partnership countries (ArmeniaGeorgiain order to broaden the access to finance of Georgian small and medium-sized enterprises (SMEs)Moldova and Ukraine). Around 600 Georgian SMEs are expected to benefit from the loan.TBC Bankthe largest bank in Georgiawhich represent more than 90% of companies active in the country. The EIB funds will be provided in the framework of the European Union’s EU4Business initiativeZurabishvili Sworn-in as New PresidentThe FINANCIAL -- The European Investment Bank (EIB) has agreed to lend EUR 30m to TBC Bank

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