distribution companies will increase prices for imported products by an average
of 10% from August 1, - CEO at Diplomat
Holding Dmitry Shengelia says.
According to Shengelia, the business expected the national currency to stabilize at an acceptable mark, but the sharp devaluation has placed on the agenda the need to increase prices for imported products.
“If the lari stood at 2, 85, then we could keep the prices at the same level. But the lari has almost reached the mark of 3 GEL per one dollar and it is almost impossible to keep prices because distributors are suffering losses, ”he said.