Acting National Bank Governor says body expecting “stability in all segments”
The National Bank of Georgia cited Natia Turnava as saying economic growth in the country was “quite strong” and fluctuated within the base scenario. Photo: NBG
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Natia Turnava, the Acting Governor of the National Bank of Georgia, on Wednesday said the institution was expecting stability “in all segments” of the domestic financial system, including in the foreign exchange market, following a “historic” strengthening of the national currency, the lari.
The National Bank of Georgia cited Turnava as saying economic growth in the country was “quite strong” and fluctuated within the base scenario.
Inflation is low, external inflows are at a high level, tourism is recovering at a normal pace, and remittances and foreign trade are within the norm”, Turnava said.
The Acting Governor also highlighted “improved” investment environment, importance of foreign direct investment inflows and advantages of the country receiving the European Union membership candidate status earlier this month.
Turnava said obtaining the candidate status had made a “great contribution” to the strengthening of the investment environment of Georgia, which she said was a “precursor” for inflow of foreign direct investment.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Wednesday presented draft documents for the main directions of its monetary and exchange rate policies for 2024-2026 at the Parliament.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Wednesday defended her institution's "effective policy" and asserted its independence and alignment with international sanctions before the Parliament.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Wednesday said the country’s foreign exchange reserves were at a “historic high” and within the limits of an “adequate level”, in comments at the session of the Finance and Budget Committee of the Parliament.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Monday said Georgia had “all the prerequisites” to develop as a regional hub for financial technology in the Middle Corridor, a logistics route connecting China with Europe through the South Caucasus region.
The National Bank of Georgia on Monday published an analysis of the current situation and macroeconomic parameters in the country's banking and financial sectors, reviewing inflation, deposits and loans with dollarisation share in the portfolio and foreign sector.
Gogita Todradze, the Head of the National Statistics Office of Georgia, on Tuesday said annual inflation across the country in December had amounted to 0.4 percent while the overall rate continued a downward trend throughout the past year.
The National Bank of Georgia on Monday said a regulatory framework for securitisation, the process in which certain types of assets are pooled so that they can be repackaged into interest-bearing securities, would be put into effect in Georgia “in accordance with the best international standards”.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Wednesday met international investors together with the Deputy Finance Minister Mirza Gelashvili in Vienna, where the officials arrived to participate in the annual Central and Eastern European Forum of Euromoney, a magazine covering global capital markets, between Tuesday and Wednesday.