Paata Giorgashvili (13.02.

1972)
Apt. 120, Building 4, Block 5, Vazha Pshavela Ave., Tbilisi 0186, Georgia
Phone: (995 32) 230 37 61; (995 591) 11 10 13; (995 591) 70 10 82
E: paata_giorgashvili@hotmail.com; paata.giorgashvili@undp.org
EDUCATION:
St. Andrea Georgian University, PhD program, School of Economics and Business Administration, October 2013 to present
Institute for Advanced Studies, Vienna, Austria (October, 2000-September, 2002)
Quantitative Finance Program (PhD preliminary two-year program)
Courses taken: Probability Theory and Statistical Inference, Mathematics for Economics, Econometrics I, Econometrics II (Time Series
Analysis), Microeconomics, Macroeconomics, Discrete-Time Finance I, Continuous-Time Finance I, Financial Markets and Security
Analysis, Discrete-Time Finance II, Advanced Topics in Continuous-Time Finance, Financial Econometrics, Term Structure Models.

Tbilisi State University, Department of Arts and Humanities, Tbilisi, Georgia, 1992-1995, BA equivalent diploma
Concentration Jurisprudence
Tbilisi State University, Department of Engineering-Economics, Tbilisi, Georgia, 1989-1994, MA equivalent diploma
Specialization: Industry Economics and Management. ConcentrationManagement, marketing, managerial economics
PROFESSIONAL EXPERIENCE:
UNDP/UNJP, Expert in Womens Economic Empowerment, March 2013 to present
Duties: Working with women communities in Kakheti and Samegrelo in terms of their engagement in economic activities and
developing their income generating skills; Drafting documents for financing economic empowerment projects; Assessing
progress and final reports from contracted (implementing) partners; Participating in grant awarding panels and monitoring
performance of the projected tasks; Participating in workshops and meetings on local community strengthening; Supporting the
development of Association of Women Farmers of Kakheti
Caucasus University, Invited Lecturer, Macroeconomics, Tourism Economics, September 2012 to August 2013
Georgian-American University, Invited Lecturer, Microeconomics, Macroeconomics, February 2012 to August 2013
University of Georgia, Invited Lecturer, Risk Management and Insurance, September 2011 to August 2013
PMCG, EPI/USAID, May - September, 2012
Consultant, Monetized Analysis of Risk-Based Audit (RBA) Reform in Georgia
Duties: Development of methodology in order to assess the impacts related to implementation of Risk-Based Audit performed
by Revenue Service of Georgia; Collection of data to support measurement and assessment of the qualitative and quantitative
impacts related to implementation of Risk-Based Audit; Assessing possible negative or positive impacts of the reform to GoG
and business; Submission of final reports.
Waseda University, Comprehensive Research Organization (Japan), Electricity Rehabilitation Post-evaluation Project,
February October 2012 (part-time), Local Consultant
Duties: Providing all necessary information and data to enable effective project evaluation; Organizing meetings with state or
private institutions; Interpreting meetings in case of necessity.
PMCG, EPI/USAID, June - September, 2011
Senior Local Policy Advisor, Pension Development in Georgia
Duties: Analysis of demographic, employment and macroeconomic data essential for pension development. Estimations and
projections to define potential sources of accumulated savings; Overview the current public pension system and to make some
assumptions and analysis with regard to the existing pension system and also potential supplementary pension systems,
particularly, World Bank Pillar II, i.e., mandatory pension savings and World Bank Pillar III voluntary pension systems;
Submitting the final report and calculations to EPI.
Insurance Company Tao, August, 2007 to June, 2011
Director
Duties: Managing implementation of business projects according to the approved budget, objectives, and plan of action;
Appraising operational budgets, project revenues and expenditures; Monitoring and evaluating budgeted versus actual
operational expenditures with corresponding departments on a monthly basis; Participating in marketing research to identify
business opportunities/needs.
Solventa UK Ltd., July-October, 2007, Tbilisi, Georgia,
Financial Consultant, (short-term project)
Duties: Tbilisi water utility systems financial analysis (evaluation of costs and revenues of state-owned company Tbilisi
Water)
Financial Monitoring Service of Georgia (FMS), (within NBG), August, 2003 to July, 2007
Head of Information Analysis Department
Duties: Cooperation with state institutions, international organizations and foreign FIUs 1; supervision of following activities:
analysis of received/retrieved information from the monitoring entities (commercial banks, insurance companies, exchange
1 Financial Intelligence Unit A general title of the state institution combating money-laundering and terrorism financing in a country. Georgian FIU has been represented by FMS
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bureaus, brokerage companies, etc), foreign FIUs, state agencies, etc.; submission of grounded conclusion of analysis; creation
of conceptual framework for the analytical approach; elaboration of techniques in order to analyse transaction reports.
National Bank of Georgia (NBG), FX Department, January, 2003 August, 2003
Head of Division for Risks Management and Operations Control
Duties: Monitoring of international reserves position held by NBG; assessing the riskiness of NBG investment portfolio;
analytical activity concerning risk management methods; composing yield scenarios for NBG appropriate investment position.
NBG, Macroeconomic Research and Monetary Policy Department, October, 2002 January, 2003
Economist-researcher
Duties: Georgian macroeconomic analysis based on modern open economy theories
Insurance Company Imedi L. July, 1999 July, 2000, Tbilisi, Georgia
Operations Department, Underwriter
Duties: drafting the terms of contracts; assessing the possible risk factors and monitoring assigned portfolio of contracts;
cooperation with brokers and underwriters in Lloyds in order to perform facultative reinsurance .
EC, TACIS Project, November, 1998 April, 1999, Tbilisi, Georgia
Insurance State Supervisory Board Technical Support Project; Local Expert
Duties: working with European experts in order to make amendments to local insurance legislation; compiled suggestions from
the beneficiary and submitted it to team leader for review; preparing reports.
Insurance State Supervision Service of Georgia, August, 1997 July, 1999
Insurance Standards and Planning Department, Head
Duties: working on creation of legal framework for insurance business in Georgia; cooperation with EC experts on improving
insurance legislation; supervision of three divisions (Law, Planning, and Insurance Standards)
Parliament of Georgia, February, 1996 August, 1997
Committee on Economic Policy and Reforms, Senior Specialist, Assistant to the Committee Chairman
Duties: Participation in drafting of various legal bills; preparation of draft-laws for the Parliament sessions; was assigned from
the committee to the working group on budgetary issues; member of the Small and Medium Business Promotion Group;
participated in formation of Insurance State Supervision Service of Georgia
Ministry of Finance, August, 1994 February, 1996
Central Treasury Department, Chief Specialist
Duties: Controlling the Regional Treasuries; preparing the contracts between MoF and NBG for long-term loans; was involved
in setting up processes of regional treasury offices; worked with visiting IMF experts to Georgia .
OTHER ACTIVITIES/RESEARCHES AND PUBLICATIONS:
o Member of the business working group, National Centre for Educational Quality Enhancement
o Member of Association of Actuaries and Financial Analysts, May, 1998 December, 2002
o Monetized Analysis of Risk-Based Audit (RBA) Reform in Georgia (within EPI/USAID Project), 09/2012
o Pension Development in Georgia (within EPI/USAID Project), 10/2011
o Tax Legislation as Means for Stimulating Agricultural Development, Chelidze D., Giorgashvili P., GTU Scientific Magazine
Business Engineering, 2nd Ed, 2013, pp. 198-209.
TRAINING COURSES ATTENDED:
IMF, AML/CFT2 IT Workshop for FIUs, JVI3, Vienna, Austria, September 25-29, 2006
USAID, Anti-Money Laundering Basic Analysts Training Course, Tbilisi, Georgia, March 9-18, 2005;
FinCEN, US Department of the Treasury, Workshop, Washington DC, February 21-25, 2005;
US Department of Justice, Complex Financial Crimes Seminar, Tbilisi, Georgia, June 22-23, 2004;
IMF/UN, Legislative Drafting Workshop on Anti-Money Laundering, JVI, Vienna, April 5-23, 2004;
USAID, Money Laundering Training for Monitoring Agencies, Tbilisi, Georgia, October 9-10, 2003;
BIS, FSI, Seminar on Market and Liquidity Risk, Basel, Switzerland, 24-28 February, 2003;
EC, Tacis, Study Tour in Europe European Insurance Legal Framework, 03.1999;
OECD, Economic Forecasting, JVI, Vienna, Austria, 04.1999;
CERMA, Accounting and Corporate Finance, Tbilisi, Georgia, 08.1998-10.1998;
JVI, Comprehensive Course in Applied Market Economics, Vienna, Austria, 01.1997 05.1997;
JVI, EDI, Market Economy and Financial Analysis, Tashkent, 09.1996-11.1996;
Tacis, Bank Akademie Consortium, Bank Accounting, Tbilisi, Georgia, 01.1995-05.1995
TECHNICAL SKILLS:
MS Office, Scientific WorkPlace, E-Views (econometric software)
LANGUAGE:
Georgian Native, Russian and English - Good, German Basic
HOBBIES:
2 Anti-Money Laundering/Combating the Financing of Terrorism
3 Joint Vienna Institute, Vienna, Austria. Sponsoring Organizations: BIS, EBRD, IBRD, IMF, OECD, WTO
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Georgian folk songs