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Georgia: Government

Key Figures

Chief of State:
President Salome Zourabichvili
Head of Government:
Prime Minister Irakli Kobakhidze

Overview

Government Name:
Georgia
Constitution:
Adopted: 1995; Established a multi-party presidential representative democratic republic, branches with executive powers vested in government and legislative powers both by government and parliament. The constitution outlines independence, rights of citizens, and the powers of the different branches
Government Type:
Republic
Georgia Flag
Coat of Arms of Georgia

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2023)

Country Risk Rating

C
A very uncertain political and economic outlook and a business environment with many troublesome weaknesses can have a significant impact on corporate payment behavior. Corporate default probability is high. Source: Coface (2022)

Government Branches

Main Powers Election Process Election Cycle 1
Executive

The president appoints the prime minister and the cabinet. The head of state is the prime minister, who is in charge of day-to-day operations of the executive government

The president is elected by absolute majority vote with a 2 round system

5 years
Judicial

The supreme court and constitutional court uphold and interpret the constitution.

Supreme court judges are nominated by the president and appointed by the parliament. Constitutional court judges are appointed by the president following candidate selection by the justice council.

10 years
Legislative

The parliament creates legislature and elects supreme court judges on the president's recommendation

The legislative branch has 77 members elected through a closed-list proportional representation system, and another 73 are elected by majority vote in single-member constituencies

4 years

Regional Trade Blocs

No Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Ministry of Finance
Tax Name:
VAT

Sources:

  1. ElectionGuide http://www.electionguide.org/
  2. EY, http://www.ey.com
  3. CIA World Factbook, https://www.cia.gov/the-world-factbook/
  4. U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/