Natia Turnava, Acting Governor of the National Bank of Georgia and Papuna Lezhava, Vice Governor of the NBG, are participating in the European Central Bank conference: Changing geopolitical landscape – economic implications for central, eastern and south-eastern Europe in Frankfurt, Germany. The conference on central, eastern and south-eastern European countries is a forum to discuss key economic and financial issues in the region, with participation of central banks from the EU and EU candidate countries and potential candidates (for the first time this year).
At the conference, Natia Turnava spoke at length about underlying global challenges, focusing on the consistent steps of the National Bank of Georgia to foster the stability of the financial system and the sustainability of the country's financial sector.
During their visit, Natia Turnava and Papuna Lezhava held working meetings with representatives of the European Central Bank. Acting Governor of the NBG pinpointed the importance of Georgia joining the Single Euro Payments Area (SEPA).
"Georgia aspires to become part of the Single Euro Payments Area (SEPA). We attach much importance to this initiative, as we believe it will bring tangible results to financial services customers. To that end, Georgia has accelerated the legislative procedures and made its regulatory environment equivalent to the EU legislation, in particular, we approximated our laws and regulations with the EU directives and regulations that are prerequisites for SEPA participation," Natia Turnava said.
