Georgian parliament approves bill on deoligarchization in first reading

The Georgian parliament has approved the bill on deoligarchization in the first reading.

The bill decodes the term 'oligarch' and sets rules of recognizing a person as an oligarch.

Report informs, citing Sputnik-Georgia, that deoligarchization is one of the conditions for granting candidate status to Georgia for its entry into the EU. The bill was considered at the plenary session on Wednesday and the voting took place today.

Eighty MPs voted for adopting the bill and ten voted against.

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