Georgian Foreign Minister Giorgi Kvirikashvili announced his candidacy on Friday for the prime ministry and Georgian President Giorgi Margvelashvili approved of him as a candidate.
Former prime minister Irakly Garibashvili resigned from this position on Wednesday after leading the Georgian government for two years.
“I approved the prime minister’s [Garibashvili’s] resignation and the candidacy of Kvirikashvili as soon as he was moved forward,” Margvelashvili said.
48-year-old Kvirikashvili is also the first deputy prime minister supported by the ruling Georgian Dream coalition.
According to formal procedure, the national assembly also needed to approve the candidacy of Kvirikashvili for prime ministry and the majority voted in favour of this.
In his resignation, Garibashvili did not release any specific reason but opposition politicians says that decline in the popularity of the Georgian Dream was the main reason for his decision, as the elections near.
The Georgian parliamentary elections will be held in October 2016.
Kvirikashvili became deputy premier and economy minister after former premier Bidzina Ivanishvili's Georgian Dream defeated former President Mikheil Saakashvili's the United National Movement (UNM) party in October 2012.
Three months ago Kvirikashvili was appointed as foreign minister.
As a prominent economist Kvirikashvili spent most of his career working in financial and banking sectors and was director general of Ivanishvili's Cartu Bank in 2006-2011.
Kvirikashvili will submit the new cabinet list to parliament and analysts say changes will not be made to the government.
Opposition parties accuse the government for economic and financial difficulties and for being under the Russian influence. Russia which the country faced war with in 2008.
The country, with a population of 3.7 million, is torn between pro-Russian and the pro-Western oriented politicians and parties.
The ruling coalition's support rating has fallen sharply to 18 percent this month from 42 percent in August 2014, according to a recent opinion poll.