Home / Tag Archives: National Bank of Georgia (page 2)

Tag Archives: National Bank of Georgia

New Regulations to Set For Tax Service Providers

From 16th of March, tax service provides will registers according to the new rule by the order of President of Georgian National Bank. Georgian National Bank spreads information about it. On the one hand, a new regulation sets new approaches in sense of protecting customers’ right; on the other hand, …

Read More »

International Monetary Fund Starts $285 million Program in Georgia

International Monetary Fund starts a three-year project of 285 million in Georgia, – mission of IMF finishes the visit with such a result. IMF supports the program with “extended funding mechanism”. To note, 201,4 million SDR ( over $285 million) will be allocated within the frame of the program, i.e. …

Read More »

Supervision of the Financial Sector is Returned to NBG

Supervision of the Financial Sector is Returned to NBG

Supervision of financial sector is returned to National Bank of Georgia. Dimitri Kumsishvili has submitted the draft bill on delivery of supervision to NBG at the government session. “As a result of recent changes we considered that supervision of the financial sector should be returned to the National Bank. Therefore, …

Read More »

Alternate Executive Director of IMF Visits Georgia

Alternate Executive Director of IMF Visits Georgia

Dimity Kumsishvili, Minister of Finance and the First Deputy Vice-Premier met Richard Doornbosch, Alternate Executive Director at International Monetary Fund (IMF), who visits Georgia for the first time on this position. The First Vice-Premier Dimity Kumsishvili focused attention on the economic indexes of Georgia, as well as implemented and ongoing fiscal and structural …

Read More »

1130 out of 27 000 Credits are Converted in GEL

1130 out of 27 000 Credits are Converted in GEL

According to the President of National Bank of Georgia, 4.2% of loans are converted into GEL by this time. 1 130 (up to $40 000) out of 27 000 credits, with a volume of 14 million USD are converted into GEL. Koba Gvenetadze has declared on the advantage of larization …

Read More »

NBG Published Economic Growth Forecast

National Bank of Georgia (NBG) expects economic growth within the frame of 4 percent. According to the central bank, the growth will be basically conditioned by increase of total consumption and investments, which will be supported by the fiscal stimulus, infrastructural projects and business environment improvement. Forecast made by the …

Read More »

Koba Gvenetadze: “Finances Should Be Secured”

Koba Gvenetadze NBG

The legislation of National Bank does not regulate such organizations, such as financial company “Georgia”-the head of National Bank, Koba Gvenetadze declared. As Gvenetadze noted in the interview with journalists, the population should pay attention what is written in the contract, not to lose their savings. The legislation of National …

Read More »

GEL Devaluated by 14.8% Against USD from Early this Year

GEL Devaluated by 14.8% Against USD from Early this Year

National Bank of Georgia (NBG) purchased the same amount of USD, as it had sold. According to Galt & Taggart, NBG made foreign exchange intervention 24 times. The central bank purchased over 278 million USD and sold 280 million, at that 40 million – in the previous week. It should …

Read More »