World News

Nearly two thousand Georgian businesses have signed a petition calling for new elections, and more are expected to join as the political crisis fueled by Georgian Dream’s foreign policy U-turn and police repression continues to disrupt the economy.

Over 1,800 companies, including leading supermarket chains such as SPAR, local branches of Big Four accounting firms such as EY, PwC, and KPMG, communications and transport giants such as MagtiCom, and other top brands, are registered on the Free Business online platform. The platform was launched in December as discontent over Georgian Dream’s foreign policy moves and repression peaked.

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Some companies have taken a different route to show solidarity with the ongoing protests. Georgia’s two major commercial banks, TBC Bank and the Bank of Georgia, announced on December 19 that they had jointly allocated GEL 5 million (USD 1.8 million) to support citizens and small and micro-businesses affected by the ongoing events.

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The moves come as nationwide protests enter their fourth week and businesses, artists, and other citizens face financial disruptions, including numerous cancellations of Christmas/New Year’s events as the year draws to a close. Various solidarity funds have been set up to help those who have incurred damages due to the crisis.

These include a fund set up by ex-Prime Minister Nika Gilauri to support those injured or fined during protests and civil servants dismissed for political reasons. The University of Georgia has also set up a fund to support civil servants who quit or were fired because of their political views, and there is a strike fund run by the Gildia, the trade union for cultural and media workers, to help gig workers. Other initiatives, such as the fund run by journalist Nanuka Zhorzholiani, have been operating since the spring protests against the Foreign Agents Law.

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