Meeting of the Revenue Service, Investors Council, and Financial Sector Representatives Held at the National Bank of Georgia

A working meeting was recently held at the National Bank of Georgia, bringing together representatives from the Customs Department of the Revenue Service under the Ministry of Finance, the Investors Council, commercial banks, and the Bankers’ Association.

During the session, employees of the Customs Department delivered a detailed presentation on the simplified customs procedures introduced under the New Computerized Transit System (NCTS). They also addressed questions posed by the meeting participants.

It is important to note that the NCTS introduces a new requirement for mandatory Georgian guarantees, effective May 15, 2025, for cargo exiting Georgia, and June 1, 2025, for cargo transiting through the country.

The meeting was attended by key officials from the National Bank of Georgia, including: David Utiashvili, Head of the Financial Stability Department, Vakhtang Sikharulishvili, Head of the Banking Supervision Department, Papuna Shengelaia, Head of the Money Laundering, Inspection and Supervision Department.

These types of informational meetings are planned to be held regularly in the future.