Georgia president Mikhail Saakashvili has resigned on Sunday, in order to be able to participate in the presidential campaign for the elections in January, BBC informs.

According to Georgian legislation, Saakashvili can't participate in the campaign as long he is still head of state.

"Parliamentary Speaker Nino Burdzhanadze has temporarily taken over presidential duties in Georgia.

Eight candidates have announced they'll stand against Saakashvili. If no candidate wins 50 per cent plus one vote in the first round, there'll be a run-off election. Saakashvili is widely tipped to pass the winning line in the first round", Russia Today reads.

Saakashvili called for presidential elections at the beginning of November, after a long series of anti-governmental demonstrations turned into street violence. Accused by the Opposition of involving into corruption acts, Saakashvili replied that Moscow was behind the protests.