13.Feb .2020 18:00

"Leasing Sector in Georgia is at the Early Stage of Development"

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"The leasing sector in Georgia is at an early stage of development," Nestan Mikeladze, the financial director of Georgian Leasing Company told BM.GE.

According to Mikeladze, the leasing sector is less developed in our country comparing to the region, but the financial director of Georgian Leasing Company still sees the prospects.

"The leasing sector on the Georgian market is at a low stage of development. If we look at the ratio of leasing sector to GDP, our figure is 0.5% as of 2019, while in the Baltic states, it is around 5%.

The sector is at an early stage of development and there are great prospects. The sector can expand 4 or 5 times", said Nestan Mikeladze, financial director of the Georgian Leasing Company.