Because of the new lending regulations, microloans up to GEL 5,000 dropped by 26% in February

Verdict: FactCheck concludes that Zurab Tchiaberashvili’s statement is TRUE.

As compared to 2006, Georgia improved its position over the years in the Doing Business ranking from the 100th to the 6th position, income from tourism increased tenfold and foreign investments remain the same

Verdict: FactCheck concludes that Fady Asly’s statement is MOSTLY TRUE.

Banks and the economy suffer from the regulations and lending has decreased tenfold as compared to January of the previous year

Verdict: FactCheck concludes that Davit Bakradze’s statement is HALF TRUE.

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

State enterprises are going bankrupt. There was over GEL 1 billion in loss in 2017

Verdict: FactCheck concludes that Roman Gotsiridze’s statement is HALF TRUE.

Under the accumulated pension plan, a 40-year-old female teacher, who has a GEL 500 salary, will receive a pension equal to the current purchasing power of GEL 85

Verdict: FactCheck concludes that Zurab Tchiaberashvili’s statement is MOSTLY TRUE.

If the Government of Georgia decides to index pensions, possible annual growth of pensions will be GEL 8-11 only

Verdict: FactCheck concludes that Zurab Tchiaberashvili’s statement is TRUE.

We did not have a deficit spending of the budget. At the end of each month, we had a surplus

Verdict:  FactCheck concludes that Giorgi Kakauridze’s statement is HALF TRUE. Resume:  A

Of the GEL 345 million increase in the 2019 state budget, GEL 145 million is debt

Verdict:  FactCheck concludes that Roman Gotsiridze’s statement is TRUE.

Of the USD 3.5 billion deficit in trade, USD 2 billion is covered by tourism revenues

Verdict: FactCheck concludes that Giorgi Kobulia’s statement is TRUE. Resume: The country’s

Prices on essential consumption goods have increased

Fifty percent of Georgia’s population is employed in agriculture which causes poverty

The corruption in our country has almost been nullified even though we had elite corruption just a couple of years ago

“73% of [Georgia’s] indigenous population is unemployed.”