TBILISI, DFWatch–The National Bank of Georgia is increasing the refinancing rate because of an expected increase in inflation, which means that loans for a certain category of clients will get more expensive.
The explanation given for the National
National Bank of Georgia
Judicial committee joins president in resisting National Bank bill
TBILISI, DFWatch–The Georgian parliament’s judiciary committee agree with the president about a proposed bill to strip away the bank supervisory function from the National Bank, claiming that it violates the constitution.
Committee chair Vakhtang Khmaladze said on Friday
Georgian president to veto National Bank bill
TBILISI, DFWatch–For at least the second time, the situation between the Georgian parliament and the president has become tense. Now the president plans to veto an initiative concerning the president of the National Bank.
Since the president and non-governmental
Consultations begin to find new National Bank head
TBILISI, DFWatch–The president is starting consultations to find a new head of the National Bank of Georgia (NBG).
Current NBG head Giorgi Kadagidze was appointed during Saakashvili’s presidency for a seven years term which expires in February, 2016.
According