Tag Archives: Giorgi Kadagidze

Giorgi Kadagidze, the president of National Bank of Georgia declares that new investments cannot be implemented due to the seizure of Liberty Bank’s shares. This information was declared in Rustavi2 TV company based on the announcement of Giorgi Kadagidze. He noted about the protracted disputes, harmful practices of seizing companies’ …

The exchange rate of the national currency will stabilize in the nearest future – Giorgi Kasagidze, President of the the National Bank of Georgia, states. According to him, the devaluation of the national currency in recent weeks was  largely caused by   the negative expectations that have arisen due to the …

The Fitch rating for the Georgian bank sector is “Stable”. This signifies considerable reserves of commercial banks will compensate the quality of assets affected by the GEL depreciation. The 36% devaluation was the main challenge in 2015. The bank sector has showed steadiness amid the GEL depreciation, GDP growth slowdown …

Georgian central bank’s head, Giorgi Kadagidze considers the rejection to spend state reserves against the backdrop of falling national currency as a right move, RIA Novosti reported Sept. 27. Kadagidze also expects the strengthening of Georgian national currency – the lari. The lari’s rate has for several years remained at …

In the medium term, we expect to  see the lari strengthening – the Minister of Finance Nodar Khaduri told Georgian journalists on the eve after  the meeting of Prime Minister Irakli Garibashvili with the government’s economic team and President of the National Bank of Georgia Giorgi Kadagidze. According to the …

According to the National Bank’s President Giorgi Kadagidze, it is impossible to make the currency exchange rate artificially gain value in a country like Georgia, where the economic market is so small. As Kadagidze said during a conference at the Rooms hotel, all countries in the region, including Georgia, have …

President’s veto on the bill concerning the National Bank is yet another opportunity for Members of Parliament to reconsider their decision, NBG’s President Giorgi Kadagidze told reporters. According to him, the bill may create serious dangers for Georgia. “First of all, even from a legal point of view, the bill cannot stand …

As per the former Prime Minister of Georgia, he considered that the issue of “Kartu Bank” was his private one. “The representative of the International Monetary Fund asked me not to detain the NBG President, Giorgi Kadagidze. He knew that he violated the law. They did not say he did …

The national currency of Georgia, the Lari (GEL), is continuing to strengthen against the US dollar and the Euro after falling dramatically about seven months ago. For several days the Lari has steadily regained some of its value; it’s first appreciation since plummeting about 30 percent in value since November …

President of the National Bank of Georgia Giorgi Kadagidze, does not expect the GEL to depreciate further in the mid-term period. Giorgi Kadagidze made this comment after holding a meeting with the head of the Budget and Finance Committee Tamaz Mechiauri, together with Finance Minister Nodar Khaduri, Regional Development Minister Nodar …

The National Bank of Georgia (NBG) and the charges against it are still relevant. After ex PM Bidzina Ivanishvili criticized the NBG President, members of the government’s economic team and representatives of the parliamentary majority also disapproved the NBG activities. It is interesting only several experts had blamed the NBG …