National Bank Of Georgia
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National Bank Of Georgia
The National Bank of Georgia ( ka, საქართველოს ეროვნული ბანკი, ''Sakartvelos Erovnuli Bank’i'') is the central bank of Georgia. Its status is defined by the Constitution of Georgia. According to the Constitution of Georgia, it is independent of state control, and is tasked with ensuring price stability. The supreme body of the National Bank is its Council, composed of seven members. The Chairman of the Council is the President of the National Bank. The Council, in addition to the Chairman, is composed of two Vice Presidents and other members. Members of the NBG Council are elected for the seven-year term by the Parliament of Georgia, by the majority of the total number of its members, upon the nomination of the President of Georgia. History The National Bank of Georgia was established on the basis of the Georgian Republican Bank of the State Bank of the USSR in 1991. Georgia's first central bank was established in 1919. Its firs ...
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State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ...
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Vazha Djindjikhadze
Vazha ( ka, ვაჟა) is a Georgian given name. Notable people with the name include: * Vazha Kacharava (born 1937), Georgian former volleyball player * Vazha Lortkipanidze (born 1949), Georgian politician and statesman, former Prime Minister of Georgia * Vazha Tarkhnishvili (born 1971), retired Georgian footballer *Vazha-Pshavela (1861–1915), the pen-name of the Georgian poet and writer Luka P. Razikashvili * Vazha Zarandia, Chairman of the Soviet of Ministers of Abkhazia from May 1992 to December 1993 See also * Vazha-Pshavela (biographical novel), a 2011 Georgian Biographical novel by author Miho Mosulishvili *Sirithu Vazha Vendum, a 1974 Indian Tamil directed by S. S. Balan * Vacha (other) * Vasa (other) * Vazhkai *Viacha *Visakha *Viscacha Viscacha or vizcacha (, ) are rodents of two genera (''Lagidium'' and ''Lagostomus'') in the family Chinchillidae. They are native to South America and convergently resemble rabbits. The five extant species of v ...
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Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ...
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Banks Of Georgia (country)
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Economy Of Georgia (country)
The economy of Georgia is an emerging free market economy. Its gross domestic product fell sharply following the dissolution of the Soviet Union but recovered in the mid-2000s, growing in double digits thanks to the economic and democratic reforms brought by the peaceful Rose Revolution. Georgia continued its economic progress since, "moving from a near-failed state in 2003 to a relatively well-functioning market economy in 2014". In 2007, the World Bank named Georgia the World's number one economic reformer, and has consistently ranked the country at the top of its ease of doing business index. Georgia's economy is supported by a relatively free and transparent atmosphere in the country. According to Transparency International's 2018 report, Georgia is the least corrupt nation in the Black Sea region, outperforming all of its immediate neighbors, as well as nearby European Union states. With a mixed news media environment, Georgia is also the only country in its immediate neighb ...
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Giorgi Kadagidze
Giorgi Kadagidze ( ka, გიორგი ქადაგიძე) (born 10 April 1980) is a Georgian banker. In 2001 he graduated from the Tbilisi-located European School of Management (ESM). He also received a BA at Preston University. In 2005 he earned MA from the Georgian Institute of Public Affairs. From February 2009 to February 2016 Kadagidze was the chairman and governor of the board of the National Bank of Georgia. References External links Official biographyNational Bank of Georgia The National Bank of Georgia ( ka, საქართველოს ეროვნული ბანკი, ''Sakartvelos Erovnuli Bank’i'') is the central bank of Georgia. Its status is defined by the Constitution of Georgia. According t ... Presidents of the National Bank of Georgia 1980 births Living people Businesspeople from Tbilisi {{Georgia-bio-stub ...
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David Amaglobeli
David Amaglobeli ( georg. დავით ამაღლობელი) is a Georgian economist who was acting president of the National Bank of Georgia (NBG) between October 2007 and February 2009. Biography Amaglobeli was born on August 8, 1976, in Tbilisi, Georgia. In 1998 he graduated with a diploma in economics from Tbilisi State University and in 2001 he received the degree of Master of Science in Economics from Oregon State University. In 1998-1999 David Amaglobeli worked as an economist at the committee of economic policy and reforms at the Parliament of Georgia and in 1999-2001, in parallel to his graduate studies, he worked as a research/teaching assistant. In 2001-02 David Amaglobeli worked as the department head at the ministry of tax revenues of Georgia and in 2002-03 as a consultant to the government of Georgia on fiscal and monetary policy issues for the state commission responsible for the development of poverty reduction and growth program. From January 20 ...
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Roman Gotsiridze
Roman Gotsiridze (Georgian: რომან გოცირიძე; born on December 16, 1955) is a Georgian economist and politician. He has served as a member of Parliament in 1990–1992, 1992, 2004–2005, and since 2016, as well as Deputy Prime Minister in 1992–1993 and President of the National Bank of Georgia in 2005–2007. One of Georgia's longest-standing politicians, Roman Gotsiridze first joined the country's Supreme Council during the first post-Soviet elections of 1990, being elected as Representative of the Didube District as a member of Zviad Gamsakhurdia's Round Table-Free Georgia coalition, and was a signatory of the April 1991 declaration of independence. After the government's overthrow in 1992, he was appointed Deputy Prime Minister in the cabinet of Tengiz Sigua and was put in charge of the government's economic portfolio. His term was marked by an economic collapse caused by the fall of the USSR and the Georgian Civil War and Gotsiridze secured Georgia ...
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Irakli Managadze
Irakli, Irakly ( ka, ირაკლი), or Erekle ( ka, ერეკლე) is a Georgian version of the Greek name Heracles, and is a popular masculine name in Georgia. Notable people with these names include: Erekle *Erekle I, Prince of Mukhrani (1560–1605), Georgian nobleman *Prince Erekle of Kakheti (1568–1589), Georgian prince * Erekle I of Kartli (1642–1709), ruler in Georgia * Erekle II, Prince of Mukhrani (1666–1723), Georgian nobleman *Erekle II (1720–1798), ruler in Georgia Irakli *Irakli Abashidze (1909–1992), Georgian poet, literary scholar and politician *Irakli Abuseridze (born 1977), Georgian rugby player *Irakli Alasania (born 1973), Georgian politician, soldier and diplomat *Irakly Andronikov (1908–1990), Russian literature historian, philologist, and media personality *Irakli Bagration of Mukhrani (1909–1977), Georgian prince *Irakli Bolkvadze (born 1994), Georgian swimmer *Irakli Garibashvili (born 1982), 11th Prime Minister of Georgia *Irakli ...
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Nodar Javakhishvili
Nodar may refer to: *Nodar Akhalkatsi (1937–1998), Georgian football manager *Nodar Dumbadze (1928–1984), Georgian writer and one of the most popular authors in the late 20th-century Georgia *Nodar Dzhordzhikiya (born 1921), Soviet basketball player *Nodar Gvakhariya (born 1932), Georgian water polo player *Nodar Kancheli (born 1938), Russian architect who designed the Transvaal Park water park in Yasenevo and Basmanny Market *Nodar Khashba (born 1951), former prime minister of Georgia's breakaway republic of Abkhazia *Nodar Khizanishvili (born 1953), retired Soviet football player of Georgian ethnicity *Nodar Kumaritashvili (1988–2010), Georgian Olympic athlete in luge, killed in an accident while training for the 2010 Winter Olympics *Nodar Mammadov, young Azerbaijani defender *Nodar Mgaloblishvili Nodar Mgaloblishvili (russian: Нодар Мгалоблишвили, ka, ნოდარ მგალობლიშვილი, July 15, 1931 in Tiflis, Georgian SSR, Soviet ...
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Demur Dvalishvili
A demurrer is a pleading in a lawsuit that objects to or challenges a pleading filed by an opposing party. The word ''demur'' means "to object"; a ''demurrer'' is the document that makes the objection. Lawyers informally define a demurrer as a defendant saying "So what?" to the pleading. Typically, the defendant in a case will demur to the complaint, but it is also possible for the plaintiff to demur to an answer. The demurrer challenges the legal sufficiency of a cause of action in a complaint or of an affirmative defense in an answer. If a cause of action in a complaint does not state a cognizable claim or if it does not state all the required elements, then the challenged cause of action or possibly the entire complaint can be thrown out (informally speaking) at the demurrer stage as not legally sufficient. A demurrer is typically filed near the beginning of a case in response to the plaintiff filing a complaint or the defendant answering the complaint. In common law, a de ...
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Nodar Kakulia
Nodar may refer to: *Nodar Akhalkatsi (1937–1998), Georgian football manager *Nodar Dumbadze (1928–1984), Georgian writer and one of the most popular authors in the late 20th-century Georgia *Nodar Dzhordzhikiya (born 1921), Soviet basketball player *Nodar Gvakhariya (born 1932), Georgian water polo player *Nodar Kancheli (born 1938), Russian architect who designed the Transvaal Park water park in Yasenevo and Basmanny Market *Nodar Khashba (born 1951), former prime minister of Georgia's breakaway republic of Abkhazia *Nodar Khizanishvili (born 1953), retired Soviet football player of Georgian ethnicity *Nodar Kumaritashvili (1988–2010), Georgian Olympic athlete in luge, killed in an accident while training for the 2010 Winter Olympics *Nodar Mammadov, young Azerbaijani defender *Nodar Mgaloblishvili Nodar Mgaloblishvili (russian: Нодар Мгалоблишвили, ka, ნოდარ მგალობლიშვილი, July 15, 1931 in Tiflis, Georgian SSR, Soviet ...
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