A limit on loans in national currency increases from GEL 100,000 to GEL 200,000

A limit on loans in national currency increases from GEL 100,000 to GEL 200,000

access_time2018-09-12 13:13:26

The limit for loans in national currency increases from previous GEL 100,000 to GEL 200,000 and this regulation will apply to leasing as well. The relevant amendment will be discussed at today's Cabinet meeting.


Prime Minister Mamuka Bakhtadze stated at the briefing before the meeting, that the new initiative will further firm up Georgia's macroeconomic positions.



"The proposed bill involves amendments to the regulation, envisaging increase the 100,000 GEL limit to 200,000 GEL. In addition, the policy will also apply to legal entities and organizations defined by Georgian legislation as non-legal entities - I mean so-called partnerships. This will enable us to protect from the risks identified in 2016-2017. Larization is an important part of creating a stable macroeconomic policy and ensuring development. We believe that this initiative will further firm up our macroeconomic positions. Our task is to minimize Georgia's vulnerability to external risks, and this step is a very principle decision on this path," the Prime Minister said.

ipn



თეგები:
commersant



Developers Association: Delaying the revision of loan regulations is irresponsible

Developers Association: Delaying the revision of loan regulations is irresponsible
access_time2019-04-25 13:21:20
“Measuring the results of loan regulations and waiting for several months is irresponsible not only in respect of the construction sector, but  all related sectors of the economy,” Tornike Abuladze, the head  of the Georgian Developers Association,...

Omega company founder accuses Bidzina Ivanishvili

Omega company founder  accuses Bidzina Ivanishvili
access_time2019-04-25 08:35:51
“You have an order to destroy the Omega company, and this order was received from Bidzina Ivanishvili,” Levan Agdgomelashvili, Director General of Omega...

After a two-year pause, the Turkish Yenigün starts construction of Tekhura Cascade

After a two-year pause, the Turkish Yenigün starts construction of Tekhura Cascade
access_time2019-04-24 14:27:25
Commersant has learnt the new details about the Tekhura cascade construction. As reported, the project, which investor is the Israeli company Razgal Energy, has been suspended for...

Ministry of Finance: Loan regulations are aimed at encouraging long-term economic growth

 Ministry of Finance: Loan regulations are aimed at encouraging  long-term economic growth
access_time2019-04-23 15:30:57
“The goal of the loan regulations introduced by the National Bank is to encourage long-term economic growth,” Finance Minister Ivane Machavariani...

Why do people oppose the HPPs construction in Georgia?

Why do people oppose the HPPs construction in Georgia?
access_time2019-04-23 14:48:17
The construction of most hydroelectric power stations has been suspended in Georgia due to protests from the locals. People have different opinions on the issue - some cite  environmental protection as the main  argument, others - distrust to...


Similar News

up