National Bank Acting President discusses economic trends, projects with EU Ambassador
Natia Turnava, the Acting President of the National Bank of Georgia, on Thursday hosted Pawel Herczynski, the EU Ambassador to Georgia. Photo: NBG
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Natia Turnava, the Acting President of the National Bank of Georgia, on Thursday discussed economic trends in the country, questions related to domestic financial stability and projects implemented with the support of the European Union in a meeting with Pawel Herczynski, the bloc’s Ambassador to Georgia.
Turnava, the former Economy Minister of Georgia, also briefed the diplomat about the “consistent steps” being taken by the institution to ensure “full compliance” with the international sanctions imposed on Russia and Belarus following Moscow's full scale invasion of Ukraine last year, NBG said.
The Acting President also highlighted the importance of the European Bank for Reconstruction and Development and the EU for the development of the capital market in Georgia.
She pointed to Georgia's intention to join the Single Euro Payments Area and the legislative changes that had been implemented to ensure alignment of domestic laws with the bloc’s legal framework.
Turnava stressed Georgia was the first country from the South Caucasus region to apply to join the SEPA, which she said would make Georgia closer to the bloc’s membership, “significantly increase” the credibility of the Georgian financial sector in the international arena, and facilitate simplification of trade relations with the European Economic Area.
Natia Turnava, the Acting President of the National Bank of Georgia, on Thursday discussed domestic economic trends, macroeconomic policy and projects implemented as part of the country’s cooperation with the United States Agency for International Development in her meeting with Kelly Degnan, the US Ambassador to Georgia, and John Pennell, the Head of the USAID mission.
The Council of the National Bank of Georgia on Thursday elected the former Economy Minister Natia Turnava as the First Vice-President of the Bank with the majority of votes.
The Georgian Parliament on Tuesday overcame Georgian President Salome Zourabichvili’s veto on the amendments to the law on the country’s National Bank proposed by the ruling Georgian Dream party.
Minister of Environmental Protection and Agriculture of Georgia Levan Davitashvili has replaced economy minister Natia Turnava, with the reshuffle announced by prime minister Irakli Garibashvili at today’s government meeting.
Natia Turnava, the Acting President of the National Bank of Georgia, on Wednesday said the domestic economic growth this year could exceed the planned six percent.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Tuesday said access to diverse investment resources and innovative financial products could benefit the domestic private sector, in an event organised by the Financial Innovation Programme of the United States Agency for International Development.