New Ministers

New Finance Minister of Georgia Donated 20K GEL to UNM in 2012

0 comments
Photo: საქართველოს რკინიგზა

Georgia’s newly-appointed Finance Minister Mamuka Bakhtadze had transferred 20,000 GEL in 2012 to finance the electoral campaign of the then-ruling United National Movement, a document from the State Audit Office of Georgia shows. The donation was made on August 2, 2012.

Bakhtadze was appointed to the position of Finance Minister on November 13, 2017 by Prime Minister of Georgia Giorgi Kvirikashvili. Before the new post he was the director of Georgian Railways. According to the Public Registry, he still holds this position.

Georgian Railways under Bakhtadze’s directorship

Under Bakhtadze’s leadership the total turnover of Georgian Railways halved since 2012

Turnover of Georgian Railways, 2012-2017:

  • 2012 - 20.1 million tons
  • 2013 - 18.2 million tons
  • 2014 - 16.7 million tons
  • 2015 - 14.1 million tons
  • 2016 - 11.9 million tons

First seven months in 2017 - 6.1 million tons

The international rating agency Standard & Poor's reduced the credit rating of Georgian Railways in October 2017. The lowered evaluation is due to a sharp decline in the volumes of freight transport.

Standard & Poor's evaluated Georgian Railways with a B+ "negative.”

Mamuka Bakhtadze started managing the railway after the Georgian Dream came to power. According to Bakhtadze's financial declarations, he received 1,064,266 GEL in annual salary.

Bakhtadze also received a salary from two companies, Georgian Transit LLC and GR transit line, both owned by Georgian Railways. The salary received from these companies is 236,952 GEL, and the salary from Georgian Railways is 827,313 GEL.

Bakhtadze is a friend of former Prime Minister Bidzina Ivanishvili's son, Uta.

His candidacy was previously considered for the post of prime minister. Bidzina Ivanishvili had said on September 9, 2013, that Bakhtadze was "a good boy."

Comments

Log in or Register