leader of the opposition Lelo movement, the founder of TBC Bank Mamuka
Khazaradze took the initiative to set up a stock exchange in the former
parliament building in Kutaisi.
building of the Kutaisi parliament has not functioned for almost 3 years when
the parliament relocated back in
Tbilisi. There were attempts to adapt a
a new use, but to no avail.
to an expert in the exchange business
Vakhtang Khomizurashvili, the main problem in the financial market is not the lack of
buildings, but the fact that it is still
regulated by the National Bank which does not want a normal, full-fledged stock
exchange to appear in the country.
stock market is a competitor to the banking sector, and until the reform is
carried out, it does not matter in which building the stock exchange will be
located,” he says.
In Vakhtang Khomizurashvili’s words, the country does not have a stock
market, there are only four brokerage firms
that are included in the banking structure.