Posted: 4 years ago

BAG representatives Meet with IMF Mission

At the meeting, the parties discussed Georgia’s economic challenges, including how the GEL exchange rate affects the Georgian business and energy industry.

Levan Vepkhvadze, executive director of Business Association of Georgia (BAG), talked about the existing economic situation in the country and the problems that Georgia-based major business companies face, including in terms of GEL exchange rate devaluation, inflation rate and tightened aces to GEL-denominated financial resources, growing interest rates.

The parties also discussed energy issues, necessity of building power stations and how important their valuable operation is for stable development of the economy.