Dimitri Kumsishvili plans changes in Ministry of Finance

Published in Politics
Tuesday, 22 November 2016 15:08

Dimitri Kumsishvili plans changes in Ministry of Finance. This statement was made by Dimitri Kumsishvili today, after the statement of Giorgi Kvirikashivli. He talked also about future plans.
"We will be oriented in the direction of fiscal policy. It is important our revenue to be stable. Tax policy will be more business friendly and service-oriented,”-the First Vice-Prime Minister of Georgia said.
According to Dimitri Kumsishvili, the attitude towards business and economy will be same. 

Georgian Lari should be priority for us-Nodar Khaduri

Published in Economics
Thursday, 21 July 2016 15:24

I absolutely agree with the President of the National Bank Georgian GEL should be priority for the currency for US- the Minister of Finance Nodar Khaduri said after commenting of the statement of the National Bank of Georgia, Koba Gventadze.
According to Gvenetadze, residents have to get used to live without the US dollar and the national currency should be a priority for Georgians. The main challenge is to restore confidence of Georgian Gel. 

7 arrested in Samtskhe-Javakheti

Published in Justice
Wednesday, 13 January 2016 10:23

The Investigation Department of the Ministry of Finance arrested 7 people from Samtskhe-Javakheti region for making and using fake tax documents.The investigation revealed that the accuses were regularly  writing false data and they were making fake official documents. They used these documents for  transportation and sale of wood material in the country. They will face up to four years in prison. 

Nodar Khaduri resignes

Published in Politics
Friday, 25 December 2015 13:26

Georgian Minister of Finance Nodar Khaduri resigned. The information is not proved in the Ministry of Finance, but the Georgian Media spreads information that Nodar Khaduri has already announced that among his employees.

The talks about his resignation have started after Irakli Garibashvili announced that he left the post of Georgian Prime Minister. 

Ministry of Finance of Georgia Treasury Bill Auction Results

Published in Economics
Thursday, 12 November 2015 10:10

Securities in the amount of GEL 10 000 000 with a  maturity of  336-days were sold at the Ministry of Finance Treasury Bill Auction.

Five commercial banks participated in the auction. The total demand amounted to GEL 10 000 000. Minimum yield was 11.000%, maximum yield was 11.830% and the weighted average yield was fixed at 11.506%.

Ministry Of Finance Of Georgia Treasury Note Auction Results

Published in Economics
Thursday, 05 November 2015 08:20

GEL 10 000 000 2-year Ministry of Finance Treasury Notes were sold at the Auction held at NBG.

Three commercial banks participated in the auction. The total demand amounted to GEL 14 250 000. Minimum yield was 13.230%, maximum yield was 13.930% and the weighted average yield was fixed at 13.606%.

The coupon rate was 10.750%. Coupons will be paid semiannually.

Ministry Of Finance Of Georgia Treasury Bill Auction Results

Published in Economics
Tuesday, 13 October 2015 17:25
On October 13, 2015, securities in the amount of GEL 10 000 000 with a maturity of 364-days were sold at the Ministry of Finance Treasury Bill Auction.

Four commercial banks participated in the auction. The total demand amounted to GEL 21 000 000. Minimum yield was 10.950%, maximum yield was 11.950% and the weighted average yield was fixed at 11.200%.

Ministry Of Finance Of Georgia Treasury Note Auction Results

Published in Economics
Thursday, 08 October 2015 15:00

On October 7, 2015, GEL 4 500 000 2-year Ministry of Finance Treasury Notes were sold at the Auction held at NBG. Two commercial banks participated in the auction. The total demand amounted to GEL 6 500 000. Minimum yield was 13.750%, maximum yield was 13.800% and the weighted average yield was fixed at 13.770%. The coupon rate was 10.750%. Coupons will be paid semiannually.

INTERNATIONAL CONFERENCE ON COMBATING MONEY LAUNDERING AND TERRORIST FINANCING

Published in Economics
Thursday, 24 September 2015 17:32

As part of its activities under the Project “Combating money laundering and terrorist financing in Georgia” the Council of Europe, in co-operation with the Ministry of Finance of Georgia, is organizing on 25 September 2015 a one-day Conference on Combating money laundering and terrorist financing. The Council of Europe will also use this opportunity to launch its Project in Georgia.

The Conference will take place in the Rooms Hotel Tbilisi and will gather national and international experts in the field. The discussion will focus on national risk assessments and the role of supervisory bodies in implementation of anti-money laundering/counter terrorist financing legislation.

Nodar Khaduri,  Minister of Finance of Georgia will open the Conference, alongside Council of Europe and European Union officials.

The Project on “Combating money laundering and terrorist financing in Georgia” is part of the wider CoE/EU Eastern Partnership Programmatic Cooperation Framework (PCF) support to Eastern Partnership countries and is one of the five projects dealing with corruption and money laundering/terrorist financing issues in the Eastern Partnership region. The Project for Georgia aims at assisting Georgian authorities strengthen capacities of the anti-money laundering and counter-terrorist financing system in Georgia in terms of legislation, institutional framework, skills and operational capabilities, in line with relevant European and international standards. The Project will last until 31 December 2017.

Business News

Georgian Lari Drops in Value against US Dollar

Georgian Lari Drops in Value against US Dollar

Georgian National Currency decreased by 0.0011 GELs against US Dollar. The official exchange rate to...

ENPARD: Czech farmers shares experience with Georgian colleagues

ENPARD: Czech farmers shares experience with Georgian colleagues

Members of eight Georgian cooperatives who have received ENPARD grants have visited the Czech Republ...

Flooding in Tbilisi caused damage of 100 million GEL

Flooding in Tbilisi caused damage of 100 million GEL

According to Georgia’s Prime Minister Irakli Gharibashvili, the damage caused by the Tbilisi flood m...

Georgian Lari drops in Value against USD

Georgian Lari drops in Value against USD

According to official exchange rate, Geogrian National Currency slightly depreciated against dollar,...

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