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NBG Governor speaks on innovative financial ecosystem reforms implemented by NBG at international forum in Zurich

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The Governor of the National Bank of Georgia (NBG), Natia Turnava, participated in the Point Zero Forum 2026, an international conference held in Zurich, Switzerland.

According to the NBG, the Governor served as a speaker during a panel discussion at the forum. The session addressed key trends concerning stablecoins, programmable banking, digital assets, and the broader digital transformation of the financial sector.

Natia Turnava presented participants with an overview of the reforms implemented by the National Bank of Georgia to foster an innovative financial ecosystem. She discussed the licensing regime for digital banks, the regulatory framework for Virtual Asset Service Providers (VASPs), and the new model for stablecoin regulation, noting that it represents the first framework of its kind in the region.

“Over recent years, the NBG has created a supportive environment for the development of innovative financial services. We have introduced new licensing regimes and established regulatory frameworks designed to foster innovation. As a result, three digital banks are now operating in Georgia. We have also developed a regulatory framework for Virtual Asset Service Providers (VASPs), which has led to the registration of 40 new companies in the country, including leading international firms. Most recently, we introduced a new regulatory model for stablecoins, which is the first of its kind in the region in terms of substance and is aligned with the best international practices,” stated the NBG Governor.

She also emphasised that, alongside fostering innovation, the NBG places paramount importance on solidifying trust in the national currency and the overall financial system.

“As a central bank, we see our role as both a facilitator of financial innovation and a guardian of monetary trust. Our objective is to establish a regulatory framework that ensures the safe development of innovative products and services, while at the same time preserving confidence in the national currency and the financial system,” remarked Natia Turnava.

The Point Zero Forum is an international platform uniting representatives from central banks, regulatory bodies, international organisations, and the private sector. The forum facilitates the exchange of expertise regarding financial sector development, digital transformation, and innovation, while addressing contemporary industry challenges.

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Society
image Parliament adopts bill reducing traffic fines in third reading

25.06.2026.19:56

The Parliament of Georgia has adopted, in the third reading, a legislative package amending the Law on Administrative Offences, which introduces reduced penalties for exceeding the speed limit.

The bill was presented during a plenary session by the Chair of the Legal Issues Committee, Archil Gorduladze.

Under the amendments, the fine structure for speeding violations will change as follows:

  • Exceeding the speed limit by more than 15 km/h but not more than 30 km/h will now be fined 50 GEL instead of 100 GEL.
  • Exceeding the limit by 30–50 km/h will be fined 100 GEL instead of 300 GEL.
  • Exceeding the speed limit by more than 50 km/h will result in a 300 GEL fine, unchanged.

In addition, damage to trees or shrubs as a result of a traffic accident will be fined 500 GEL instead of 5,000 GEL, significantly reducing the penalty.

The amendments also introduce a new provision allowing distribution vehicles to temporarily use bus lanes (BUS LANE) between 1:00 a.m. and 6:00 a.m., when public transport is not operating, for unloading cargo.

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