The former President of NBG excludes NBG’s guilt in insufficient efforts to protect GEL. Kadagidze declared in an interview with Forbes, that he was offering the government to invite economist of any country when the former Prime Minister had attempts to discredit NBG. “If a conclusion was made, that NBG …
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NBG President: This YearBudget Spending was more Equal than Ever
Unlike 2013-14, the budget spending was more equal in this fiscal year than ever, – President of the National Bank of Georgia (NBG) George Kadagidze said when he was asked whether the budget had a negative impact on the lari exchange rate. “This year, the budget spending was equal as …
Read More »National Bank not Expects Further Devaluation of the National Currency
According to the forecast of the National Bank of Georgia, inflation will peak in the first quarter of 2016, but in the second quarter will return to the target rate of 5% -NBG President George Kadagidze states. In his words, at present, inflation is much higher than the planned target, …
Read More »National Bank: Commercial Banks don’t Own Non-core Assets
President of the National Bank of Georgia (NBG) George Kadagidze cannot agree with the opinion that commercial banks still hold non-core assets, after the law banning such ownership was passed. “These cases were not frequent before the adoption of the law but now a process of separation of non-core assets …
Read More »NBG President: We, in Principle, can Return the Lari to its Previous Rate
In the case of the fundamental resolution of a problem with the Georgian lari, we, in principle, can return it to the previous rate. George Kadagidze , President of the National Bank of Georgia said in an interview with the Russian edition Vlast. The fundamental solution to this problem is to …
Read More »At this Stage, the Crisis is Overcome, Lari Reached Highest Peak, PM Says
Irresponsible statements should not be made in relation to the national currency, PM Irakli Garibashvili told reporters at the government administration where he held a working meeting with the National Bank President George Kadagidze. The PM called on everyone to be responsible when referring to the national currency. According to …
Read More »President of the National Bank: More Investment in Education is Needed
If investment in education is not massively expanded, then it will be very difficult to compete in the modern world – George Kadagidze, President of the National Bank of Georgia (NBG), states. “In the 21st century, the only resource is educated and free workforce as well as efficient staff. The …
Read More »Global Finance Grades The World’s Central Bankers 2015, NBG President not Hit the Ranking
Global Finance magazine has named the heads of the Central Banks of the Czech Republic, the European Union, India, Israel, Malaysia, Paraguay, Peru, the Philippines, and Taiwan as the World’s Best Central Bankers over the past year, in recognition of their achievement of a prestigious “A” grade on Global Finance’s …
Read More »Our Citizens Pay the Price for Baseless Accusations, Says NBG President
“Now is not the time for wild accusations, it is time to work round the clock,” George Kadagidze, President of the National Bank of Georgia (NBG), said at a briefing. According to him, completely baseless and comical allegations from the government and members of the ruling coalition have become a …
Read More »Loans should be Cancelled for Those Affected by Natural Disaster, Says NBG President
According to the President of the National Bank of Georgia (NBG), loans should be cancelled for the flood victims, especially in cases when the solvency is zero. George Kadagidze says that the National Bank is involved in the process, the process of inventory and lists verification entered the final phase. “Banks …
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