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Tag Archives: Nikoloz Gagua

Georgia Provides Attractive Business Environment for Foreign Investments

Nikoloz Gagua

Deputy Minister of Finance Nikoloz Gagua appraised indicators published by Geostat, national statistics service of Georgia. The 9.4% upturn in the first quarter of 2018 is an important positive figure, he said. “The last year registered record investment inflows and this was unprecedented on regional level too. It is important …

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Finance Minister met with ADB Executive Director

Finance Minister met with ADB Executive Director

Finance Minister Nikoloz Gagua met with Mr. Helmut Fischer, Executive Director of Asian Development Bank. The sides emphasized the importance of successful partnership between Georgia and ADB. They reviewed ongoing and planned projects supported by the Bank in the country. The Minister of Finance has introduced those reforms to the Executive …

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Pension Agency to Launch Operation in July

Nikoloz Gagua

Pension Agency is expected to launch operation in July, Minister of Finance Nikoloz Gagua said. In response to the question, whether the retirement agency may be established within determined time-frames, Gagua said that the Agency is to launch operation in July, as part of agreement with International Monetary Fund (IMF). …

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Nikoloz Gagua: ADB’s Support is Important in Terms of Reform Implementation

Nikoloz Gagua: ADB’s Support is Important in Terms of Reform Implementation

It is important that the Asian Development Bank is implementing reforms in Georgia – Nikoloz Gagua, Deputy Minister of Finance saidafter meeting with ADB CEO Matthew Fox. According to him, the Bank’s involvement in theconstruction of the East-West Express Highway, namely the most difficult section of Rikoti,is particularly noteworthy. “The …

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Dimitri Kumsishvili Met Representatives of Large British Investment Fund

First Deputy Prime Minister, Minister of Finance Dimitri Kumsishvili had meeting with representatives of the British Investment Fund CapEthica Investment Fund (CIF). First Deputy Prime Minister Dimitri Kumsishvili reviewed the economic situation of Georgia at the meeting and discussed about the ongoing and planned economic reforms and decisions of the …

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Online Lenders Grossly Violate the Rights of Consumers

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An interview with Deputy Minister of Finance Nikoloz Gagua  What regulations were imposed on online lending? What is the maximum interest rate, maximum amount of fines for non-payment of debt? On what basis was the interest calculated? The regulations limit the effective interest rate at no more than 150% per …

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Monetary Fund 6% Budget deficit predictions is too Conservative

The deputy minister of Economy, Nikoloz Gagua declared that the government does not even consider the 6% deficit. “According to Monetary Fund predictions, rate of the economic growth will exceed 5% rate, which is quite high index. We think that when it comes to planning the budget, we will have more …

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PASHA Bank Sponsors Bond Congress

PASHA Bank Sponsors Bond Congress

On June 16-17th the XIII CIS, Baltic States and Caucasus Bond Congress was held in Tbilisi, Radisson Blu Iveria. The congress was sponsored by PASHA Bank – a regional financial institution that provides a full range of corporate and investment banking services to large and medium-sized enterprises in the region. Being …

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