Occupied Abkhazia to vote for Agreement on Preferential Conditions for Russian Investments

12:48, 15.11.2024

The occupied Abkhazia region of Georgia is set to vote for a draft Agreement on Preferential Conditions for Russian Investments on November 15.

The local opposition calls on the de-facto government to postpone the vote till the next presidential elections since the “acute issue divides people and instils commotion.”

“If the government does not agree, Abkhazian President Aslan Bzhania will bear full responsibility for the consequences in the next couple of days,” wrote Adgur Ardzinba, opposition leader on the Telegram channel.

The bill proposes exemptions for investors from customs duties, corporate property tax, and income tax for eight years, alongside a reduced value-added tax of five per cent.

Opinions in occupied Abkhazia are divided, with some citizens arguing that this agreement could harm the economy and threaten the region’s security. The opposition continues to stage protests.

On November 12, the so-called opposition representatives blocked the Gumista Bridge demanding the release of illegally detained opposition members.

By - Elene Dobordjginidze

Conflicts

Abkhazia