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Tag Archives: Dimitri Kumsishvili

Georgia’s Debt to Kazakhstan has Decreased

Georgia's Debt to Kazakhstan has Decreased

Georgia’s debt to Kazakhstan has decreased. Dimitri Kumsishvili, Minister of Finance signed an agreement on restructuring Georgia’s debt to the Republic of Kazakhstan. According to it, the amount of Georgia’s debt is decreased from 27.77 million to 25.48 million USD. “Kazakhstan’s debt will be paid with the reached agreement with …

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HUAWEI Vice President: We will Draw More Attention and Investment to Georgia

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Georgian delegation led by Minister of Finance, Dimitri Kumsishvili visited technology demonstration center of HUAWEI new technologies in Pekin. Georgian delegation also included deputy minister of Economy and Sustainable Development, Genadi Arveladze and Georgian Ambassador in China, Davit Aptsiauri. Ministry of Finance reveals the information. “We had a very nice …

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Excise Tax Structure Changes on Alcoholic Beverages

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Excise tax structure will be revised in compliance with requirements of Georgia-EU association agreement, Minister of Finance Dimitri Kumsishvili said. “We have comprehensively discussed this issue. Taxation of beer and alcoholic beverages is very important. In this way we will harmonize our legislation with EU standards and consequently, we will …

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Kumsishvili: Fitch Positively Estimates Georgia’s fiscal Policy

Kumsishvili: Fitch Positively Estimates Georgia’s fiscal Policy

“Rating Company Fitch positively assigned the policy carried in the country from November, 2016”, – Dimitri Kumsishvili, minister of Finance has declared about it after the meeting with the representative of Rating Company Fitch. The parties have discussed current macroeconomic environment in Georgia and throughout the region, main directions of …

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OPIC Significantly Increases Investment Limit of Georgia

OPIC Significantly Increases Investment Limit of Georgia

An “independent” U.S. Government agency The Overseas Private Investment Corporation (OPIC) increases investment limit in Georgia. Georgian Finance Minister Dimitri Kumsishvili and Dev Jagadesan, Acting President and CEO for OPIC have discussed the issue within the frame of a business trip to the USA. The parties have considered issues of bilateral …

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PASHA Bank to Partner the International Business forum by BIA

PASHA Bank to Partner the International Business forum by BIA

On March 20th BIA Forum ‘Georgian Economy – Prospects and Challenges’ takes place in Radisson Blu Iveria hotel. PASHA Bank is the partner of the event. This forum will bring together more than 300 top executives from business community, the representatives of local government and international organizations. The forum aims …

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