Georgi Karakashev (23 April 1899 – 11 August 1970) was a Bulgarian artist. His work was part of the art competition at the 1932 Summer Olympics. According to the Bulgarian Academy of Sciences, Karakashev was among a list of artists who laid the foundations of theatrical design in Bulgaria in the 1930s–1950s, in a list also including Pencho Georgiev among others. His set designs "tended to be one-dimensional and decorative and reflected the influence of the Russian artistic circle known as Mir Izkustv (Art World) and the spirit of Art Nouveau."

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