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Kakha Bendukidze

1956 – 2014

Georgian and Russian businessman

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About Kakha Bendukidze

Lived 1956 – 2014 (aged 58). Kakha Bendukidze was a Georgian politician, entrepreneur, economist, reformer, official and businessperson.

Kakha Bendukidze (; 20 April 1956 – 13 November 2014) was a Georgian statesman, businessman and philanthropist, founder of the Knowledge Foundation and head of the supervisory board of Agricultural and Free Universities.

A biologist by education, Bendukidze started his own business, Bioprocess, which manufactured biochemicals for scientific research in 1987. Soon he became known as one of Russia's leading libertarians. He led a working group on tax and currency within the Russian Union of Industrialists and Entrepreneurs and pressed for changes in tax policy, which ultimately included adoption of a flat 13 percent tax rate. In Russia, he was a strong opponent of government intervention in the economy, a view that put him at odds with President Vladimir Putin. Soon Bendukidze sold his stake and moved back to Georgia.

After the Rose Revolution, shortly after returning from Russia, he was appointed as Minister of Economy by former President Mikheil Saakashvili and the late Prime Minister Zurab Jvania in 2004. He served as Georgian Minister of Economy (June–December 2004), Minister for Reform Coordination (December 2004 – January 2008) and Head of the Chancellery of Government of Georgia (February 2008 – February 2009). Bendukidze oversaw liberal reforms that overhauled Georgia's post-Soviet economy. Consequently, he became regarded by many as the Man Who Remade Georgia.

After the appointment of Bendukidze, Georgia experienced a yearly 9.3% economic growth in 2004–2007 and almost four times more foreign investments. The government managed to decrease the taxes fourfold, the number of licenses by 90% and to liberalize the labour market. In March 1999, Bendukidze married Natalia Zolotova, who has 2 sons from the previous marriage; her first husband died., however the couple lived separately after 2004, since Kakha Bendukidze returned to Georgia.

Businessman in Russia With the onset of Perestroika, Bendukidze created a small business called Bioprocess. In 1993, during the Voucher Privatization, campaign he bought stock in Uralmash. Bendukidze became a board member and later, Director-General of this company. After merging Uralmash with Izhora Plants in 1996, Bendukidze became chairman and CEO (Director-General) of the merged company, Objedinennie Mashinostroitelnie Zavody (OMZ). Under Bendukidze, OMZ became one of Russia's largest heavy engineering companies and he was one of the top twenty business leaders with an influential voice on economic policy. In March 2004, he left the position of Chairman of OMZ and later sold his interest in the company. On 2 June 2004, he became Georgia's Economics Minister.

Georgian public figure Bendukidze returned to Georgia after the Rose Revolution victory, having been appointed Minister of Economy in the new Saakashvili cabinet. Since 14 December 2004 to 31 January 2008, he was State Minister for Reform Co-ordination, coordinating government efforts to liberalize the economy.

He was known as a committed libertarian although he was not popular amongst opposition in the administration. He was criticized for repealing anti-monopoly legislation and introducing a liberal labor code. The opposition accused him of trying to sell off each of Georgia's strategic assets; such as sea ports, entire railway system, gas supply network, forests, etc.

In February 2009 Bendukidze retired from the public service to focus on tertiary education in Georgia, through the Knowledge Fund – a non-profit, charitable organization, founded by Bendukidze in 2007 to set up and support the Free University of Tbilisi and Agricultural University of Georgia. Between 2007 and 2012 Bendukidze had invested over US$50 million to the Knowledge Fund – an unprecedented volume of private investment in tertiary education in Georgia.

Ukrainian public figure In September 2014 the President of Ukraine Petro Poroshenko created the National Reforms Council to support state reforms and strategic development process. Kakha Bendukidze acts as a member of National Reforms Council 's advisory board along with the leading reformers of Northern and Central European countries: Valdis Dombrovskis – former Prime Minister of Latvia, Leszek Balcerowicz – former Deputy Prime Minister and Finance Minister of Poland and Ivan Mikloš – former Finance Minister of Slovakia. The main task of the advisory board is to provide efficient proposals on the implementation of reforms in Ukraine based on the international experience. Advisory board closely cooperates with the executive board of the Council which includes Prime Minister of Ukraine, Speaker of the Parliament and the Head of the National Bank.

Somewhat earlier, in May 2014 Bendukidze also accepted the invitation of the President of Ukraine to become a member of the Economic Advisory Council. In an interview shortly after his appointment, Bendukidze said that Ukraine "has to take courageous steps to transform the economy." Proposed reforms included changes in tax system and a tough fight against corruption.

Death Bendukidze died on the 13 November 2014 in the InterContinental Hotel on Park Lane in London, after undergoing a stent heart surgery in Zurich a week prior. The former president of Georgia Mikhail Saakashvili had expressed interest for Bendukidze to be buried on Mtatsminda in Tbilisi, in the Pantheon of public figures and writers of Georgia, but the wish of the family was that Bendukidze be buried next to his mother's grave in the Kukia Cemetery in Tbilisi.

Quotes Regarding Georgia's mixed democratic progress, he often used to say: "Georgia made a step forward in terms of democracy, but sometimes when you make a step forward you step in shit." "Anything can be put up for sale, except one's conscience."

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Important facts

Birth century
Nationality
Education
Lomonosov Moscow State University, Tbilisi State University
Positions held
Minister of Economy and Sustainable Development of Georgia
Employers
National Research University – Higher School of Economics
Awards
St. George's Order of Victory
Also known as
Kakha A. Bendookidze

People in Kakha Bendukidze's life

Named in this biography and alive at the same time

Contemporaries

People whose lives overlapped Kakha Bendukidze's

Frequently asked questions

Who was Kakha Bendukidze?

Georgian and Russian businessman (1956-2014)

When was Kakha Bendukidze born?

Kakha Bendukidze was born on 20 April 1956 in Tbilisi.

When did Kakha Bendukidze die?

Kakha Bendukidze died on 13 November 2014 in London.

What was Kakha Bendukidze's occupation?

Kakha Bendukidze was a politician, entrepreneur, economist, reformer, official and businessperson.

What nationality was Kakha Bendukidze?

Kakha Bendukidze was Georgian.

Sources & further reading

· Wikipedia: Kakha Bendukidze

· Wikidata: Q1395782

· DBpedia: Kakha Bendukidze

Cite this page

APA: Biography.guide. (2026). Kakha Bendukidze. https://biography.guide/kakha-bendukidze/

MLA: "Kakha Bendukidze." Biography.guide, https://biography.guide/kakha-bendukidze/.

Chicago: "Kakha Bendukidze." Biography.guide. https://biography.guide/kakha-bendukidze/.

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