Koba Gvenetadze

“We are not alone in terms of inflation running high, this is a global challenge.”

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is TRUE

07/11/2022

True

The statement is accurate and nothing is missing
"In the near past, Georgia has always been ahead of Armenia in terms of the credit rating”

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is TRUE.

17/05/2021

True

The statement is accurate and nothing is missing
“The country took a huge debt but, on the other hand, this is not a number alone. Debt sustainability is more important as compared to the debt’s abso...

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is MOSTLY TRUE.

26/04/2021

Mostly True

The application is accurate, but requires additional information and/or definition
“We had a current account deficit at a historic low in 2019 and we expect the worst in 2020. This very factor created pressure on exchange rate and it...

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is TRUE.

08/02/2021

True

The statement is accurate and nothing is missing
Koba Gvenetadze: In 2004-2016 when the GEL exchange rate was stable, the annual inflation rate was 5.6% on average whilst in 2015-2019 when GEL was in...

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is TRUE.

21/12/2020

True

The statement is accurate and nothing is missing
“There is no directly proportional relation between the exchange rate and prices. In 2014-2015, GEL depreciated by nearly 50% whilst inflation did not...

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is MOSTLY TRUE

22/04/2020

Mostly True

The application is accurate, but requires additional information and/or definition
Koba Gvenetadze: “If in 2014 the share of remittances from Russia constituted 50% of the total remittances, this figure is halved today and amounts t...

FactCheck concludes that Koba Gvenetadze’s statement is TRUE

24/03/2020

True

The statement is accurate and nothing is missing
According to information published by the international edition of Global Finance, Georgia is among the top ten attractive [in terms of being promisin...

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is MOSTLY TRUE.

22/07/2019

Mostly True

The application is accurate, but requires additional information and/or definition
Exogenous factors affected inflation in 2017 … This year we are dealing with an issue similar to that of 2017 when inflation is kept higher as compare...

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is MOSTLY TRUE.

25/06/2019

Mostly True

The application is accurate, but requires additional information and/or definition
In the third quarter of 2018, for the first time in the history of Georgia, current account balance is positive and reached 0.3% of the country’s GDP

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is TRUE.

24/01/2019

True

The statement is accurate and nothing is missing
International reserves increased by USD 282 million in 2017 and now constitute USD 3 billion whilst the reserve adequacy level is getting closer to 90...

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is TRUE. Resume: The

10/07/2018

True

The statement is accurate and nothing is missing
Interest rates are decreasing for loans issued to legal entities and individuals and the interest rate spread is also shrinking

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is TRUE. Resume: In parallel

09/07/2018

True

The statement is accurate and nothing is missing
Georgia has met all of the criteria envisioned by the International Monetary Fund’s programme. Major economic indicators have been improved as compare...

Verdict: FactCheck concludes that Koba Gvenetadze’s statement is TRUE. Resume: In 2017

01/05/2018

True

The statement is accurate and nothing is missing

Koba Gvenetadze

“We are not alone in terms of inflation running high, this is a global challenge.”

"In the near past, Georgia has always been ahead of Armenia in terms of the credit rating”

“The country took a huge debt but, on the other hand, this is not a number alone. Debt sustainability is more important as compared to the debt’s abso...

“We had a current account deficit at a historic low in 2019 and we expect the worst in 2020. This very factor created pressure on exchange rate and it...

Koba Gvenetadze: In 2004-2016 when the GEL exchange rate was stable, the annual inflation rate was 5.6% on average whilst in 2015-2019 when GEL was in...

“There is no directly proportional relation between the exchange rate and prices. In 2014-2015, GEL depreciated by nearly 50% whilst inflation did not...

Koba Gvenetadze: “If in 2014 the share of remittances from Russia constituted 50% of the total remittances, this figure is halved today and amounts t...

According to information published by the international edition of Global Finance, Georgia is among the top ten attractive [in terms of being promisin...

Exogenous factors affected inflation in 2017 … This year we are dealing with an issue similar to that of 2017 when inflation is kept higher as compare...

In the third quarter of 2018, for the first time in the history of Georgia, current account balance is positive and reached 0.3% of the country’s GDP

International reserves increased by USD 282 million in 2017 and now constitute USD 3 billion whilst the reserve adequacy level is getting closer to 90...

Interest rates are decreasing for loans issued to legal entities and individuals and the interest rate spread is also shrinking

Georgia has met all of the criteria envisioned by the International Monetary Fund’s programme. Major economic indicators have been improved as compare...

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