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.
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.
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.
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.
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%.
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.
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%.
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.
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.