Tato Khundadze

3 Posts

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Tato Khundadze is a lecturer in International Political Economy at the Georgian-American University and head of the Analytical Division at the Georgian Public Broadcaster.

Bank of Georgia

Opinion | Georgia’s economy has failed; now it’s time to build factories

by Tato Khundadze

•7 min read

Despite the many international economic indices suggesting Georgia is a great success story, most Georgians live in poverty. In a country where emigration is rampant and half the population ekes out a living in agriculture, the government needs to create new strategies to form a strong, industrial economy. Though hard to determine whether it happened naturally or was politically imposed, it is clear the Georgian people have experienced massive socio-economic change since gaining independ

banking

Opinion | Bank reforms touted by Georgia’s Prime Minister–to-be could spell the end of predatory lending

by Tato Khundadze

•7 min read

Just two months after announcing sweeping reforms of Georgia’s banks, 36-year-old Finance Minister Mamuka Bakhtadze looks set to become the new Prime Minister. While the country’s banks have become among the most profitable in the world, they have done so at the expense of ordinary Georgians. If Bakhtadze and his replacement at the finance ministry follow through on these reforms, they could be the first step in addressing some of Georgia’s most pressing economic woes. The remarkable ri

bank

The two faces of Georgia’s banking sector [Opinion]

by Tato Khundadze

•5 min read

In February 2017, Georgian trade unions and left-leaning activists and civil society groups organised large rallies in Rustavi and Tbilisi to support employees of the Azoti plant that were laid off without notice. Reportedly, the Bank of Georgia took over Azoti, which is the largest nitrogen manufacturing plant in Georgia, and dismissed three-hundred-and-fifty workers with no prior warning. The reaction to the firings marked the first time in the history of Georgia that a well-articulat

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