Kakha Baindurashvili

Baindurashvili served as an advisor to the Prime Minister of Georgia from 2004 to 2005. He was appointed Chairman of the State Tax Department of the Ministry of Finance in 2006. From March 2007 to January 2009 he served as the First Deputy Minister of Finance.^[1] On 6 February 2009 he succeeded the Minister of Finance Nika Gilauri who in turn became the country's Prime Minister.^[2][3]

Among other reform measures, Baindurashvili oversaw Georgia issuing Eurobonds for the first time, in 2008, and again in 2011.^[4] Other reforms included introducing electronic declaration system for tax and customs' services. As four out of total five procedures were eliminated, customs examination process became shorter and more efficient.^[5] Under his leadership, Georgia managed to, relatively successfully, continue economic development despite major global and regional problems^[6] (the 2008 financial crisis & the Russo-Georgian War). GDP growth for the year 2010, a 6% increase, was better than the estimated 2%.^[7] Alongside important reforms, the Ministry was able to support allocating financial resources for a major restoration initiative for Georgian hospitals.^[8] These advancements are attributed to structural improvements, fiscal stabilization, as well as financial aid from international organizations.^[7]

On 17 June 2011 Gilauri announced that Baindurashvili was replaced by Dimitri Gvindadze, who had been serving as a Deputy Minister of Finances since 2005, and the former minister would become chairman of supervisory board of the state-owned Georgian Post, which originally was intended for privatization.^[9] In 2011, he was also elected as the President of the Georgian Chamber of Commerce and Industry.^[10]

• Cabinet of Georgia