Rating agency Fitch announced risks to Georgia’s financial stability amid political tensions following the parliamentary elections.
“Political uncertainty will continue for the foreseeable future” – create the company.
Analysts recall that rising political risks were a key factor in revising Georgia’s sovereign rating forecast from “BB” to “stable” from “positive” in June.
Now, as the Georgia News portal writes, political uncertainty can negatively affect market confidence and delay reforms in the supervision of state-owned enterprises and the management of the National Bank of Georgia also has a negative view of regulatory changes related to the implementation of. sanctions. They have increased uncertainty for Georgian banks.
In the parliamentary elections on October 26, Georgian Dream won more than 53% of the votes. Four other parties that have overcome the five percent barrier to enter parliament do not recognize the election results.
As reported EADailyThe Georgian Prosecutor’s Office, the Ministry of Internal Affairs and the Special Investigative Service began investigating alleged crimes committed during the pre-election period and on the day of the parliamentary elections in 47 criminal cases. Allegations of electoral fraud, pressure on voters, violation of the secrecy of the vote, bribery, obstruction of journalistic activity, threats and damage to property are being investigated.
According to the prosecutor’s office, the investigation was launched on the basis of statements from the opposition, the ruling party, the Central Election Commission, NGOs and information from the media. Prosecutors said people who publicly claim to have information about possible election violations have so far refused to cooperate with the investigation and provide relevant information.
On October 30, the Attorney General’s Office summoned the president for questioning Salome Zurabishvili due to allegations of electoral fraud. The department asked the president to provide evidence for his words. However, she refused to appear.
