In an economy that is highly dollarised and in which the local currency has gone through a bout of devaluation, Georgia's central bank governor, Giorgi Kadagidze, has his work cut out. However, in taking a long-term approach, rather than looking for any quick fixes, he is confident that the country can achieve its currency goals.
Central & Eastern Europe
Latest articles from Georgia
Georgia's banks provide the calm amid a regional storm
April 30, 2015The stand-off between Russia and Ukraine, and the subsequent sanctions imposed on Russia and fall in the value of its currency, has negatively impacted upon the economies of almost all former Soviet republics. In Georgia, however, the country's banks are faring well, in no small part because of the central bank's conservative approach.
Streamlining Bank of Georgia
August 1, 2014Bank of Georgia may be sitting comfortably as the largest bank in the eastern European country, but it is not resting on its laurels, with plans to divest some of its acquisitions to focus on its core banking business.
Top Black Sea banks ranking, 2014: Asset quality risks rising
May 1, 2014Several of the members of the Organisation of the Black Sea Economic Co-operation are facing rising asset impairment, but the reasons vary.
Georgia's prime minister uses business savvy
April 2, 2013In his spacious office high above Tbilisi, Georgia’s newly elected prime minister – and wealthiest citizen – Bidzina Ivanishvili talks about his plans to boost investment, to mend the relationship with Russia and to manage a difficult political cohabitation.
Georgia's banks remain unshaken by political uncertainty
April 2, 2013As the political stand-off in Georgia between the new prime minister and president shows no sign of abating, the country’s economy is showing resilience and its banks are eyeing opportunities to strengthen growth by tapping into the country's unbanked population.
Georgia's local regulation in a global economy
May 28, 2012The governor of the National Bank of Georgia has to tailor his maintenance of local financial stability to a banking sector with high levels of foreign ownership and aspirations to expand across the Caucasus region and beyond.
Mixed blessings of foreign ownership for Black Sea banks
May 1, 2012Levels of foreign ownership vary widely among the banks of the eastern Black Sea countries. While foreign-owned banks went too far, too fast before the crisis, they may be more resilient than locally owned players in a downturn.
Resilient Georgia set to emerge in sound economic health
June 30, 2011Georgian banks suffered in the global financial crisis, but with low banking penetration accompanied by conservative and prudent financial regulation, they appear to be on sure footing to growing profitability.
Investors wowed by Georgian bond issue
June 2, 2008Edward Russell-Walling reports on how Georgia’s first ever issue on the international bond market was a resounding success.
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