Georgia Assumes Chairmanship of PABSEC

Georgia’s National Bank anticipates that inflation will return to its long-term target next year, following a temporary spike primarily caused by food prices, the bank’s president, Natia Turnava, told lawmakers on Monday.

According to the Georgian Parliament, during its chairmanship, Georgia will focus on strengthening parliamentary diplomacy and enhancing regional connectivity to support the development of the Middle Corridor, The Caspian Post reports citing local media.

"The handover of the chairmanship took place in Sofia, Bulgaria, during the 66th session of the PABSEC General Assembly, which is currently underway," the Georgian Parliament stated. "The Georgian parliamentary delegation, led by Shalva Papuashvili, participated in the event."

The delegation comprises Irakli Mezurnishvili, First Deputy Chairman of the Economic Policy Committee and Head of Georgia's Permanent Delegation to the PABSEC, as well as Aluda Ghudushauri, First Deputy Chairman of the Human Rights Committee of the Georgian Parliament.