Presentation of “Financial Stability Report” has been held at the National Bank of Georgia. Similar documents traditionally are issued by the central banks of foreign countries. As opposed to standard macroeconomic analysis, there are reviewed the events, the probability of which is minor, but their potential negative influence is very strong.   “For the first time in the history of the National Bank of Georgia a very important document has been issued. This is a “Financial Stability Report”. The above-mentioned document includes the processes taking place in the banking and other sectors of Georgia during the period from July 1, 2005 to July 1, 2006. This is a period, which was characterized by the impressive growth of statistic parameters of the banking system and during which the credibility towards the banking sector increased significantly.   “Issuance of the “Financial Stability Report” is an important fact for the banking sector of Georgia generally, as there are some risk factors reviewed in this document, which can hinder the financial stability of the country. One of the responsibilities of NBG is to study how vulnerable against the risks the banking sector is and reveal the difficulties interfering maintenance of financial stability in a due time” – declared David Amaglobeli, the Vice-President of the National Bank of Georgia during the presentation.   In the modern world, where the economic development of any country significantly depends on the proper and stable functioning of financial institutions and markets, so-called issues of maintaining financial stability acquire utmost importance. The term “financial stability” has no unanimously recognized definition. Different countries or financial institutions use different definitions suitable to their own goals. For example, the European Central Bank defines financial stability as the total conditions, during which the finance system is able to resist shocks, causing the negative processes. Economist of the International Monetary Fund A. Huben defines the financial stability, as “the situation, when finance system can effectively allocate resources between the spheres of activity as well as in time; assess and manage financial risks; absorb shocks”.   “Financial Stability Report” prepared by the National Bank of Georgia reviews the future events based on the assessment of the current situation in the country. It also reviews and analyses the situation of Georgia’s economy and its financial markets, in particular from the point of revealing and eliminating risks.   “Financial Stability Report” is published in Georgian and in English annually.