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Tag Archives: supervision

Back to the Past- National Bank Regains Supervision over Finance Sector

At the end of February Government decided to return finance sector supervision functions to National Bank of Georgia (NBG). However, as a matter of fact, NBG had not lost supervisory functions in practice, despite in 2015 Parliament approved amendments to the Law on Commercial Banks, under which finance sector supervision …

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Supervision of the Financial Sector is Returned to NBG

Supervision of the Financial Sector is Returned to NBG

Supervision of financial sector is returned to National Bank of Georgia. Dimitri Kumsishvili has submitted the draft bill on delivery of supervision to NBG at the government session. “As a result of recent changes we considered that supervision of the financial sector should be returned to the National Bank. Therefore, …

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Grocery Agency will Supervise Producers of Bread Products

National Agency of Grocery will supervise the state control on the products. In the current year, agency has fulfilled 136 inspections and documental supervision of 95 business operator. Due to the state control etiquette laws violation, 10 business operators were penalized. In addition, using the term “diabetic” or “diet” was …

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