Support The Moscow Times!

Margevashvili Gives Presidential Residence to University

The presidential palace will soon become part of a Georgian-American university. 150 School

Newly elected Georgian president Giorgi Margevashvili has refused to move into the presidential residence, saying that the money spent on the elaborate building "should be returned to the Georgian people."

The new head of state said the building will instead become part of a new Georgian-American university in Tbilisi, Interfax reported Monday.

The palace was constructed after outgoing president Mikheil Saakashvili came to power in the "Rose Revolution" at the end of 2003. Saakashvili says the residence cost $7.8 million while those critical of the project said costs reached up to $200 million.

Margevashvili won last Sunday's election with 62 percent of the vote as part of the Georgian Dream coalition, beating his more pro-Saakashvili rivals.

He plans to live in a building that formerly housed the U.S. Embassy and will keep an office in the country's chancellery, television channel Dozhd reported.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more