Ilia State University, School of Business, Full Professor

Dean of Business School

Giorgi Kadagidze served as the tenth governor of the National Bank of Georgia from February 2009 until February 2016. He has transformed the central bank into one of the most advanced central banks in the region and active player among Banking Supervisors from Central & Eastern Europe as well as Basel Consultative Group.

As the central bank governor Giorgi has introduced advanced risk-based supervisory regime to the Georgian banking sector which among other things includes the BIS Basel II/III framework for capital adequacy. He has successfully implemented inflation targeting regime (from 2010) in Georgia while introducing floating exchange rate policy for GEL (Since the end of 2009). The prudent monetary policy adopted by the National Bank of Georgia under Giorgi’s leadership was fully supported by the international organizations, including IMF, EBRD and the World Bank.

Under Giorgi’s leadership the National Bank of Georgia has won various awards for its IT infrastructure; was named as the Best Public Construction for its cash center in 2013.

In 2014, Giorgi was named the Central Banker of the Year (Europe) by The Banker Magazine.

During his tenure as the central bank governor, Giorgi has advised his peers from Moldova, Armenia, Azerbaijan, Ukraine, Ethiopia, Papua New Guinea, Afghanistan, Suriname, Malawi, Zambia, Congo, Tajikistan and Kyrgyz Republic.  

Scientific interests / research interests

  • Public Policy
  • Income and Wealth Distribution
  • Fintech
  • Applied Game Theory
  • Behavioral Economics
  • Experimental Economic

Chief  Editor, “Economics and Banking”

    • P. Lezhava – “Credit Pricing and Competition in the Georgian Banking Sector” (2013, Vol. I, N 1)
    • N. Sharumashvili, G.Agladze – “Commercial Banks Investment in the Non-banking Sector and its Expediency in Georgia” (2013, Vol. I, N 1)
    • O. Gorgodze – “Institutional Architecture of Financial Supervision and Ways of its Improvement” (2013, Vol. I, N 1)
    • O. Nadaraia, O. Gorgodze, N. Sharumashvili, D. Utiashvili – “Economic Growth and Structural Transformation” (2013, Vol. I, N 2)
    • A. Bluashvili – “Monetary Policy Transmission Mechanism in Georgia: Recent Dynamics” (2013, Vol. I, N 3)
    • T. Mdivnishvili – “Exchange Rate Impact on Consumer and Import Prices” (2014, Vol. 2, N 1)

Current Courses

Course Catalog

  • Models of Economic Development  – Academic Year 2017-2018 / Semesters I & II
  • Level – Master’s
  • Models of Economic Development  – Academic Year 2017-2018 / Semesters I & II
  • Level – Master’s

Giorgi has completed an Executive Program for Leadership Development at Harvard Business School (2014). Giorgi also holds Master’s Degree in Public Administration from Georgian Institute of Public Affairs and he completed his undergraduate studies at European School of Management and Preston University.