New Lending Regulations – New Barriers for the Consumer and for Business

The new lending regulations which have been in force since January 2019 are quite strict and they will negatively affect both financial organisations and those providing goods and services

As compared to 2012, the economy Georgia in USD has decreased

GEL 1,900 000 was paid to the budget from the selling of construction coefficients [the right to add to the number of floors of a building] in 2013 whilst GEL 19,000,000 is estimated for 2018

Those employees of Tbilisi City Hall who have already passed examination, will still take part in the competition

The amended budget envisages a decrease in administrative spending by 10%

Interest rates in the banking sector have decreased whilst the amount of loans has increased by 90%

რუსთავი 2-ის ეთერში ეკონომიკის მინისტრმა დიმიტრი ქუმსიშვილმა საბანკო სექტორზე ისაუბრა და აღნიშნა,

Tbilisi City Hall transferred GEL 1,790,000 as an advance to one of the companies but that company did only GEL 100,000 worth of work

Municipal departments are without directors… There is a human resources crisis at Tbilisi City Hall

The number of employees at Tbilisi City Hall is not excessive. We employ as many people as necessary

I use the car which was bought for Sandra Roelofs’ parents.

"Narmania promised to allocate GEL 100 million for small businesses but not even GEL 1 has been allocated for them. He also promised to double utility vouchers but these vouchers were decreased for 250,000 people."