Monday, December 22, 2025

As Elit Electronics takeover is completed, ex-owner fights on

Anzor Kokoladze believes the takeover of Elit Electronics was a conspiracy. (Photo: Interpressnews.)

TBILISI, DFWatch – One of the largest electronics chains in Georgia has been taken away from its founder, as the remaining 15 per cent of shares were sold at an auction.

Anzor Kokoladze, who built the chain from scratch, is serving an eight year prison term after a tax

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Georgian opposition: Zero tax for those with low income

Bidzina Ivanishvili will exempt from income tax everyone with less income than the minimum wage. Georgia today has a flat tax rate of 20 %. (Photo: Interpressnews.)

TBILISI, DFWatch – Saturday, the opposition party everybody expects to challenge Mikheil Saakashvili in October’s parliamentary election gathered for a founding congress in Tbilisi.

Its unofficial leader, billionaire Bidzina Ivanishvili, promised to revive agriculture

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Georgian ambassador protests country's portrayal as Orwellian

In a report on Swedish public broadcaster SVT, Georgia is depicted as part of "the dictatorship belt", but the host clarifies that it is "not a dictatorship, but not a democracy either". (Screengrab from SVT1.)

TBILISI, DFWatch – Georgia’s ambassador to Sweden protests against the portrayal of his country as an Orwellian society where everybody is under surveillance by the secret police.

Ambassador Konstantin Kavtaradze sent a letter to SVT, the Swedish public broadcaster,

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Trump spoke about planned high rise, left Georgia

Georgian TV channel Imedi showed Mikheil Saakashvili giving Donald Trump a guided tour of the presidential palace in Tbilisi Saturday. Sunday, the two spoke in Batumi about the planned high rise Trump Towers. (Photo: Interpressnews.)

TBILISI, DFWatch – American billionaire Donald Trump has left Georgia, after a two day visit.

Trump arrived Saturday in Tbilisi, and Sunday held a press conference in Batumi, where he plans to cooperate with local investors on building a 47-storey residential high rise

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Global weapons trade may be brought under control

Viktor Bout was sentenced to 25 years in jail in April 2012, after a long career as a weapons trader. In July, talks begin in New York over an Arms Trade Treaty. (Official photo from the U.S. Drug Enforcement Administration.)

TBILISI, DFWatch – The international trade in weapons which fuels conflicts around the world may be brought under control, if talks in New York in July bear fruit.

If successful, the talks will lead to the world’s first Arms Trade Treaty, aimed at preventing weapons from reaching the

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Georgian opposition movement chooses woman to front party

Lawyer Manana Kobakhidze will be chairwoman of the opposition Georgian Dream party until a constitutional amendment is passed and enforced which allows billionaire Bidzina Ivanishvili to take over. (Photo: Interpressnews.)

TBLISI, DFWatch – Georgia’s main opposition party today chose a female lawyer as its temporary leader.

As there is less than six months left until the parliamentary elections, billionaire Bidzina Ivanishvili today formally established his Georgian Dream party.

Due to

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Bankruptcy frees companies of all debt

Vladimer Papava, economics professor at Georgian Foundation for International and Strategic Studies, says the law seems tailormade to help some particular companies ahead of the election in October 2012.

TBILISI, DFWatch – A new law lets companies escape all debt if they go bankrupt, freeing the owners of all responsibilities.

Following a decision by the government, companies in Georgia will be able to liquidate without paying debts. Creditors won’t be able to ask

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Donald Trump arrives in Tbilisi for 2-day visit

Donald Trump arrived to meet the Georgian leader Mikheil Saakashvili in Tbilisi Saturday to talk about plans to build a 47-storey residential high rise in the tourist resort of Batumi. (Photo: Interpressnews.)

TBILISI, DFWatch – The American billionaire Donald Trump arrived at Tbilisi international airport noon Saturday for a two day visit to Georgia.

Meeting him at the airport were Minister for Economic Development Vera Kobalia and head of Silk Road Group Giorgi Ramishvili.

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Uncertain who will front Georgian opposition movement

Bidzina Ivanishvili will be the real leader of Georgian Dream, says one of his associates, but it's not decided who will formally front the party, as he lacks Georgian citizenship himself. (Photo: Mari Nikuradze.)

TBILISI, DFWatch – It is still unknown who will be the formal leader of the main opposition movement in Georgia, less than six months before the parliamentary elections.

But there is little doubt that the real leader will be billionaire Bidzina Ivanishvili, who Saturday

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Why do many Georgians give their property to the state?

Anzor Kokoladze, the founder of one of Georgia’s most successful electronics chains, Elit Electronics, accuses the authorities of having conspired to take it over. He claims a bank, the prosecutor, the Tbilisi mayor, and a court cooperated on the scheme. Kikodze is currently in jail serving an eigth year term for failure to service a debt, a sentence upheld by the Supreme Court. (Photo: Interpressnews.)

TBILISI, DFWatch – There are many reports in Georgia these days of deprivation of property rights. People abandon their property or donate it to the government right after registering it at the Public Registry, and later refuse to speak about their reasons.

The founder

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