The President of the National Bank of Poland Leszek Balcerowicz paid his first business visit to the National Bank of Georgia. He was invited to Georgia by the President of the National Bank of Georgia Roman Gotsiridze. Following the private meeting with the Georgian colleague, the Presidents of National Banks of these two countries appeared before mass media.   “Economic development parameters of Georgia are sound. Independence of the Central Bank is vitally important for the maintenance of macroeconomic and exchange rate stability. In future the pace of development of the banking system of Georgia must be accelerated“, said  the President of the National Bank of Poland.   At the briefing the President of the National Bank of Georgia Roman Gotsiridze noted that great economic reforms in the Eastern Europe were implemented on the initiative of Leszek Balcerowicz. “Poland’s experience, which had a very difficult journey from socialist regime to EU is very important to our country. Our aim is Georgia’s full membership in united European space and NATO. Therefore, it is important to envisage the reforms carried out in Poland. If recommendations of Leszek Balcerowicz, the Adviser in Economic Affairs of the Ex-President were not fulfilled during the former government, today his advices must be envisaged, “ said the President of the National Bank of Georgia.   It is Leszek Balcerowicz’s first visit to Georgia after the “Rose Revolution”. Heretofore, he often visited Georgia as an adviser of the former President Eduard Shevardnadze. “I’m very happy that the President of the National Bank gave me the chance to visit Georgia and get familiarized with the ongoing processes in the banking system of Georgia. The “Rose Revolution” can be treated as the fundamental event both for Poland and the whole Europe,” said Leszek Balcerowicz. According to him, there is a real progress in fiscal area, tax system liberalization, corruption combat and privatization processes. Monetary development and the exchange rate of the national currency are stable. The state authorities must still more improve the regulation process of the economic sector.   “One of the backgrounds of the economic success of the country is the implementation of a privatization process within competition environment. Furthermore, the ratio of tax amounts to GDP must not exceed 20%. Thus, a strong control of budget expenditures is required. In terms of open market the economy, transparent legal base and fair and efficient court system are also one of the key factors for economic success. One of the most essential factors is a political stability, “ said Leszek Balcerowicz during the briefing. He focused on the importance of the role of the independence of the National Bank.    During his visit the Polish guest met with the members of the NBG Council. Later, a presentation of his book “Towards a Limited State” was convened in the Money Museum of the National Bank. The society also got acquainted with the books: “Freedom and Development” and “State in Transition” of the President of the National Bank of Poland translated into Georgian by the employee of the National Bank of Georgia, Candidate of Economic Sciences, Associate Professor  Ambrosi Grishikashvili.   “The books cover the history of formation of a new state and procedures for building the principals of economic development of the country. In one of his works the President of the National Bank of Poland refers to the phrase of a famous Economist, Adam Smith, “the state should not interfere in the business, which can be done by a private sector. The level of initiative of free individuals in conditions of limited interests of the state – increases: I often remember one phase of Leszek Balcerowicz: We do not need any experiments. Rich states must conduct them. We cannot afford such kind of luxury. We must follow the internationally approved and well-tried ways of development of market economy,” said the President of the National Bank of Georgia Roman Gotsiridze. “While working over the books exhibited during the presentation, my thoughts were not only about Poland, but also all countries, whose development were also slow down by communistic regime in the past. Through this book I tried to indicate to the instruments and forces, which have positive impact on the development of the economy and help country - even poor- to develop successfully.   Limited role of the state in management of economic processes is a pledge of success. This is a main message, that can be easily achieved, “ said Leszek Balcerowicz at the presentation convened in the Money Museum.   During his visit the President of the National Bank of Poland will conduct two workshops. In Tbilisi Hotel MARRIOTT he will give a report on “Lessons from Economic Transition” and in Governmental residence of Borjomi he will conduct a workshop, where he will make a report on “Lessons from Postcommunist Transition”. Representatives of Samtskhe-Javakheti Regional Government and Self-Government Bodies, as well as the local business structures will attend the workshop in Borjomi. The President of the National Bank of Poland will get acquainted with the infrastructure Borjomi as a health-resort and its prospects of its future development.   The visit of the President of the National Bank of Poland will end on the 19th of November.