On December 29, 2016, the Parliament of Georgia enacted important changes to the Organic Law of Georgia on the National Bank of Georgia. The changes enable the National Bank of Georgia to operate more effectively to protect the interests/rights of consumers. Provisions 2¹ and 2² have been added to Article 34, which will enter into force on July 1, 2017, stipulating that: if property or/and service is offered or/and advertised for sale by the entrepreneur on the territory of Georgia the price of the property/service shall be expressed solely in GEL.
The Parliament of Georgia is currently considering a bill on E-documents and E-services. According to the changes, e-signatures will have legal force. E-documents and e-signatures will be used in Georgia and other countries. A special archive for electronic documents will be created and legal entities will be granted the right to use electronic stamps./The laws, which might be affected by the draft law, are:
- The Tax Code of Georgia;
- The Civil Procedures Code of Georgia;
- The Law on Accounting, Reporting and Audit;
- The Organic Law of Georgia on the National Bank of Georgia.