Georgian, Croatian central bank officials discuss macroeconomic trends, financial stability

Natia Turnava, the Acting Governor of the National Bank of Georgia, and Boris Vujčić, the Governor of the Croatian National Bank, discussed Georgia’s macroeconomic trends and financial stability, the NBG said on Thursday. 

At the meeting held on the sidelines of an annual international Conference on European Economic Integration organised by the Austrian Central Bank, the parties also reviewed the NBG’s current monetary and supervisory policy practice, which “fully complies with European Union standards”.

The sides highlighted Georgia's progress on its path towards integration into the European Union and future projects planned in this regard.

Turnava pointed out the Bank was “constantly striving to improve processes and diversify operations”, for which she added it “actively collaborates” with the central banks of various countries.

She also emphasised the significance of the NBG’s integration into the Single Euro Payments Area, which enables cashless euro payments to be made via credit transfer and direct debit to anywhere in the European Union, as well as many non-EU countries.

Turnava and Vujčić also touched on other joint initiatives between the central banks of the two countries.