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Retailers Closing Stores on the Main Shopping Street in Tbilisi

Shops have closed, one after another, on the main shopping street in Tbilisi’s city center.

“CBW” contacted  a recently closed store.  “New Line” manager Elene  Sakhvadze explains to  “CBW”  that  the main reason for the store closing was a high rental fee.

“Commercial spaces are  so expensive, especially in the central streets, that it is not even worth   renting them. GEL fluctuations had a negative impact on our business. Recently, the number of buyers has significantly reduced, “- says Elene  Sakhvadze.

Sakhvadze speaks about the crisis in the country and notes that this situation has a negative impact on small business. In her words, “New Line”  second branch, which is located in Tbilisi suburbs , will be closed in the near future too.

What fate awaits stores  and commercial places located  in the main shopping street is unclear  so far.

But the fact remains — empty stores and rental ads  strike the eye on  the main shopping street of the capital.