Meeting with the President of the National Bank of Georgia

25 Mar '15

On 25th March in the Courtyard Marriott hotel a meeting, organized by BAG, was held between the President of the National Bank of Georgia and the representatives of association member companies. 
The meeting was dedicated to currency exchange rate issues, macroeconomic indicators and the discussion about economic prospects of the country. The meeting was held in interactive mode. The members of association had opportunity to ask questions to the President of the National Bank of Georgia and share with him their opinions.
By the statement of the President of the National Bank of Georgia Giorgi Kadagidze, the National Bank of Georgia has high trust. In his opinion this meetings are necessary for transparency of the measures taken out by the National Bank.
As Giorgi Kadagidze stated: It is important to listen to analysis, assessments, opinions of the businessmen about the situation in Georgia. These meetings are necessary for both of parties to have right expectations and take the right decisions. We will inform businessmen about our opinions and our decisions we want to implement.
At the end George Chirakadze summarized the meeting: We want to see that the National Bank of Georgia will do everything for stabilization of situation. As you remember we had a meeting with the Economic Council and they promised us to do everything for stabilization of the situation. We already see the first steps of it. As Vice Prime Minister, Minister of Economy and Sustainable Development of Georgia stated they are expecting exchange rate appreciation. I expect much more foreign currency inflows during the summer. It is very important to calm down the business and public for continuing our affairs.