Economy
Georgian National Bank holds interest rate at 8% as inflation concerns linger
Annual inflation in Georgia rose to 4.8% year-on-year in January up from 3.9% the previous quarter.
National Bank of Georgia
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Bidzina Ivanishvili
IMF and Georgian opposition warn of repercussions for sanctions non-compliance
Former prosecutor general Otar Partskhaladze’s Georgian citizenship is in the process of being revoked, after the National Bank rescinded its commitment to applying Russia-related sanctions to Georgian citizens. International organisations have warned that this may affect financial support programmes in the country. On Wednesday, three vice-governors at Georgia’s National Bank resigned after the bank announced that international sanctions would only be applied to Georgian citizens or legal en
Georgia
Kobakhidze deems Partskhaladze asset-freezing contradicts constitution
Irakli Kobakhidze, the chair of the ruling Georgian Dream party, alleged that the suspension of former Prosecutor General Otar Partskhaladze’s accounts by Georgia’s National Bank in line with US sanctions went against Georgia’s constitution. On 18 September, Georgian local media reported that Georgia’s National Bank had suspended the accounts of Otar Partskhaladze, who served as Georgia’s Prosecutor General for a month and a half in 2013, and was implicated in a number of scandals during and
