Georgia gunman releases nine hostages

Margarita Antidze

A gunman has released unharmed all nine hostages he had taken hostage at a microfinance organisation in the Georgian capital Tbilisi, police say.

According to preliminary information, the gunman was not demanding a ransom but had some political demands, including lower prices for medicines.

Last month, a masked gunman took 43 hostages during a bank robbery in the town of Zugdidi in western Georgia.

He disappeared after receiving a ransom of $US500,000 ($A683,980) and releasing all hostages.