David Gogorishvili, executive director of Iberia Business Group told BM.GE, that auto sales drop 50% on the local market.
He notes, that state procurements are not stopped, respectably the company does not have a decline in this direction. However, Gogorishvili declares, that the purchasing power of the population decreased, due to which the company halved its sales on the local market.
“The company does not have decline in state procurements. As for the retail and commercial segment, they delayed renewal of the vehicle fleet for the future. Our company has 50% drop which is due to the pandemic, as well as the National Bank’s regulations, which has reduced access to the credit.
Moreover, loans up to GEL 200,000 are issued in GEL, while the interest rate is high in GEL and the product has become quite expensive for the consumer. All this has a huge impact on the car retail market,” said Davit Gogorishvili.
See all the news
Kazakhstan’s Share of Bitcoin Mining Increases Sixfold Surging to Third Place Worldwide
Israel Bans Travel In Georgia From July 30
Novartis Prostate Cancer Drug Receives U.S. FDA Breakthrough Designation
Mymarket-ის აპლიკაცია ჩაშვებულია!
The Success of 5 Georgian Wines at Sommeliers Choice Awards 2021
მანინო უწერა - ახალი სასტუმრო რაჭაში
სილამაზის ინდუსტრიის გამოწვევები და #AVON-ის ფინანსური მაჩვენებლები
Investors in Georgia discover that Ease of Doing Business rankings can be deceptive
Baia Kvitsiani to Replace Mariam Kvrivishvili In The Parliament
Who Is Vazil Hudak?
PM Appoints Vazil Hudak As A Special Advisor on Attracting FDI
Exclusive Follow-Up/Interview with Selim Cakir, IMF Representative in Georgia
Czech Development Agency Delegation to Visit Georgia
GNCC demands reversal of a transaction on which they don’t have a jurisdiction - Law Professor
ფარმადეპო: „მედიკამენტები 1 ლარად“ - ქეთი კოზმანაშვილი ქალების ნარატივში
Georgia's business community responds to the sharp devaluation of GEL
Georgia amends transfer pricing rules for APAs, reduces thresholds
We paid for 100% of shares of Caucasus Online in 2019 - NEQSOL Holding
“Only the courts have the right to determine the legality of the purchase of Caucasus Online", - NEQSOL Holding