Georgi Kadagidze appointed Georgian National Bank’s president
Georgia, Tbilisi, Feb. 27 / Trend , N.Kirtzkhalia/
Georgi Kadagidze was elected president of the National Bank of Georgia (NBG).
The NBG's 9 members supported his candidacy.
Under the Constitution, the NBG's president can be elected by members of the bank's board.
Georgian President Mikhail Saakashvili signed a decree to appoint Kadagidze as the NBG's president, the Georgian Presidential Administration said.
The Georgian parliament supported Kadagidze's appointment with 86 votes in favor on Feb. 25.
In November 2008, the National Bank appointed Kadagidze as head of Standartbank's Temporal Administration. The bank belongs to late businessman Badri Patarkatsishvili. Kadagidze was the head of Georgia's Financial Supervision Agency in April 2008.
The post has been vacant since the NBG's ex-President Roman Gotsiridze left the position in September in 2007. Subsequently, David Amaglobeli operated as the bank's acting president.
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