Dimitri Kumsishvili

Georgia’s credit rating improved

Verdict: Dimitri Kumsishvili’s statement is TRUE. Resume: On 16 March 2018 the Fitch credit

18/06/2018

True

The statement is accurate and nothing is missing
The turnover of enterprises increased by 12.1% in March 2018 whilst the number of newly registered enterprises reached 4,786

Verdict: FactCheck concludes that Dimitri Kumsishvili’s statement is TRUE. Resume: The

04/06/2018

True

The statement is accurate and nothing is missing
GEL 180 million in loans for business support have been issued through the EU credit line and 7,000 jobs have been created

Verdict: FactCheck leaves Dimitri Kumsishvili’s statement WITHOUT A VERDICT. Resume: As a

30/04/2018

Without verdict

The verification of the application can not be evaluated
Investments from the United Arab Emirates exceeded USD 800 million

Verdict: Dimitri Kumsishvili’s statement is TRUE. Summary: In 2017, the United Arab

16/04/2018

True

The statement is accurate and nothing is missing
It is a result of our tax reform that the International Monetary Fund has put Georgia in the top five most successful implementer countries of tax ref...

Verdict: Dimitri Kumsishvili’s statement is LIE. Summary: A four-point government plan was

03/04/2018

Lie

The statement is inaccurate and the assertion in it is absurd
Last year was a record-breaking one for Georgia’s aviation market… The total growth of the number of passengers at all Georgian airports constituted 4...

Verdict: Dimitri Kumsishvili’s statement is TRUE. Resume: A total of 4.07 million people

19/03/2018

True

The statement is accurate and nothing is missing
Foreign direct investments from the European Union reached USD 411 million

On 5 February 2018, the Minister of Economy and Sustainable Development of Georgia, Dimitri

19/02/2018

True

The statement is accurate and nothing is missing
Export to China exceeded USD 200 million in 2017

On 17 January 2018, the Minister of Economy and Sustainable Development of Georgia, Dimitri

05/02/2018

True

The statement is accurate and nothing is missing
In accordance with the economic growth forecasts, Georgia will have the best performance in the region in 2017-2022

In his speech before the Parliament of Georgia, the Minister of Economy and Sustainable

20/01/2018

Half True

The statement is partly accurate, but the details are missing or some of the issues are without context
By the end of 2017, Georgia’s economy will receive more than USD 2 billion from tourism

On 29 November 2017, the Minister of Economy and Sustainable Development, Dimitri Kumsishvili, in

18/12/2017

True

The statement is accurate and nothing is missing
The rate of inflation marginally exceeds the targeted figure

The former Minister of Finance, Dimitri Kumsishvili, stated: “The rate of inflation in October is

21/11/2017

Half True

The statement is partly accurate, but the details are missing or some of the issues are without context
After 2012, the rate of poverty has dropped from 29% to 21%. 500,000 individuals no longer live in poverty

On 3 November 2017, the Minister of Finance, Dimitri Kumsishvili, emphasised the situation in

13/11/2017

Half True

The statement is partly accurate, but the details are missing or some of the issues are without context
The balance of payments has been improved by USD 700 million

The Minister of Finance of Georgia, Dimitri Kumsishvili, commenting upon the depreciation of GEL,

23/10/2017

Mostly False

In the statement is the elements of the truth, but the important facts that could have made other impressions
The GEL depreciation is a seasonal event which has already passed

After the eight-month long trend of GEL appreciation, Georgia’s national currency depreciated again

25/09/2017

Without verdict

The verification of the application can not be evaluated
As a result of a strict tax administration, incomes received from the gambling business has increased in the past years and exceed GEL 100 million

The Minister of Finance of Georgia, Dimitri Kumsishvili, upon commenting the issue of regulating

04/09/2017

Mostly True

The application is accurate, but requires additional information and/or definition

Dimitri Kumsishvili

Georgia’s credit rating improved

The turnover of enterprises increased by 12.1% in March 2018 whilst the number of newly registered enterprises reached 4,786

GEL 180 million in loans for business support have been issued through the EU credit line and 7,000 jobs have been created

Investments from the United Arab Emirates exceeded USD 800 million

It is a result of our tax reform that the International Monetary Fund has put Georgia in the top five most successful implementer countries of tax ref...

Last year was a record-breaking one for Georgia’s aviation market… The total growth of the number of passengers at all Georgian airports constituted 4...

Foreign direct investments from the European Union reached USD 411 million

Export to China exceeded USD 200 million in 2017

In accordance with the economic growth forecasts, Georgia will have the best performance in the region in 2017-2022

By the end of 2017, Georgia’s economy will receive more than USD 2 billion from tourism

The rate of inflation marginally exceeds the targeted figure

After 2012, the rate of poverty has dropped from 29% to 21%. 500,000 individuals no longer live in poverty

The balance of payments has been improved by USD 700 million

The GEL depreciation is a seasonal event which has already passed

As a result of a strict tax administration, incomes received from the gambling business has increased in the past years and exceed GEL 100 million

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