• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Saturday, January 10, 2026
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Leader of Russian-backed breakaway Georgian region of Abkhazia resigns

November 19, 2024
in World
Leader of Russian-backed breakaway Georgian region of Abkhazia resigns
Share on FacebookShare on TwitterWhatsapp

The leader of the Moscow-backed breakaway Georgian region of Abkhazia resigned on Tuesday after a deal allowing for the expansion of Russian business in the republic led to mass protests and the opposition seizing government buildings.

“In order to maintain stability and constitutional order in the country … I resign from my post,” Bzhania said after hours of negotiations with the opposition in a signed document posted on the Telegram messaging channel of his press office.

Bzhania had faced weeks of growing tensions, with the opposition demanding his resignation, calling for new elections and seizing buildings and bridges in protests against an agreement that would open the property market of the Black Sea region to wealthy Russians.

Bzhania’s condition for resignation was that the protesters leave the parliament building in the republic’s capital of Sukhumi.

The parliament was supposed to ratify the investment deal on Friday, but postponed the move due to the protests.

While Moscow has refrained from intervening, calling for a speedy normalisation of the situation, the Abkhazia crisis poses another challenge for President Vladimir Putin, whose country has been waging a war against Ukraine for 1,000 days now.

The 61-yeard-old Bzhania, a former chief of the state security service who became head of state in 2020, is the third Abkhazian leader to be toppled in a similar way since 2008.

EU leaders urge Georgia to probe vote ‘irregularities’

Abkhazia, at the intersection of Eastern Europe and West Asia, with its costal lowland and mountain spurs, was in Soviet times one of the key holiday destinations for Moscow’s elite.

Protesters said they were not against Abkhazia’s close ties with Moscow, but accused Bzhania of trying to use these relations for his own purpose and to strengthen his regime.

Russia recognised Abkhazia and another breakaway region, South Ossetia, as independent states in 2008 after it defeated Georgia in a five-day war.

It maintains troop bases in both regions and props up their economies.

Most of the world recognises Abkhazia as part of Georgia.

Abkhazia and South Ossetia broke away from Tbilisi’s rule during wars in the 1990s that followed the collapse of the Soviet Union.

Citing a speaker of the region’s parliament, Russia’s TASS state news agency reported there will be an early election called, without providing further details.

Tags: AbkhaziaGeorgiaRussiaRussia Ukraine warRussian businessUkraineVladimir PutinWest Asia
Share15Tweet10Send
Previous Post

Copper inches higher as dollar rally pauses; China demand woes weigh – Markets

Next Post

Yuan steadies at 3-1/2-mth low on firmer-than-expected fix, tighter offshore conditions

Related Posts

US job growth stuck at stall speed in December; unemployment rate dips to 4.4%
World

US job growth stuck at stall speed in December; unemployment rate dips to 4.4%

January 10, 2026
Trump says he will ban Wall Street investments in single-family homes
World

Trump says he will ban Wall Street investments in single-family homes

January 8, 2026
Trump’s oil push widens with seizure of Russian-flagged tanker linked to Venezuela
World

Trump’s oil push widens with seizure of Russian-flagged tanker linked to Venezuela

January 8, 2026
India seeks fare data from airlines as part of IndiGo antitrust scrutiny
World

India seeks fare data from airlines as part of IndiGo antitrust scrutiny

January 7, 2026
Tariffs may lower inflation, SF Fed research suggests
World

Tariffs may lower inflation, SF Fed research suggests

January 6, 2026
US factory sector contracts for 10th straight month in December
World

US factory sector contracts for 10th straight month in December

January 6, 2026

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    127 shares
    Share 51 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    55 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    48 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.