“A person is considered poor if they earn under USD 6.85 a day. Over half the population falls below this line in Georgia – in the European Union, it is under 1%.”

Verdict: FactCheck concludes that Giorgi Kadagidze’s statement is MOSTLY TRUE.

Three mistakes of the government resulted in a loss of USD 250 million

Georgia is currently governed by 19 ministries whilst in the case of Switzerland, this number is down to eight

ტელეკომპანია "რუსთავი 2"-ის ეთერში, ეროვნული ბანკის ყოფილმა პრეზიდენტმა გიორგი ქადაგიძემ სხვა

International organisations are positively assessing the policies of the National Bank of Georgia

Money borrowed from refinancing has not entered the market.

We brought the growth of the reserve money to zero… the reason for the depreciation of GEL is the decrease in the currency influx, nothing more.

Georgia's banking system is one of the best in Europe

Georgia's banking system is one of the best in Europe

Our banking system is one of the best in Europe by the trust rate of depositors.

“The profitability of the commercial banks is 14.5% annually. This means that their yearly profit is 14.5% of the total capital which is definitely not a ‘super-profit’ or a ‘mega-profit’ if such terms even exist.”