19.May .2020 18:06

Ministry of Finance predicts export decline to 20% in 2020

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Supposedly, export will be declined from 15 to 20% during the year, - Giorgi Kakauridze, Deputy Minister of Finance has declared at the Budget-Committee Meeting.

“As for export, export will be reduced by 11% in Q1, while decline of 15-20% is expected during the year. It means that sales of export-focused companies will be reduced as well. Respectively, they will need less staff. The main goal of our grace period is to keep more employees even with cut salaries”, - Kakauridze declares.