14.Oct .2020 10:45

Restaurant Tashre: such a large interest is accrued, it is even hard to think on it

Restaurant Tashre: such a large interest is accrued, it is even hard to think on it
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Seized property, unpaid loans, rental fees and utility bills - this is the reality, which the hospitality sector faces.
According to the Restaurateurs Association of Georgia, most of the bar-restaurants were temporarily closed, while some of them were closed permanently. As of the Association, only 10-15% of 10 thousand facilities, registered in the country, will survive by May of the next year.

The main challenge for restaurateurs is bank liabilities. As the restaurateurs say, they need real support from the government.

"We bring money in the budget, there are families behind us, as well as service personnel, cooks, washers, security guards. We need real help with banks. To delay loans for some time is not a solution, as such a large interest is accrued, that it is impossible to serve the liabilities.

We have already accrued a large interest and it is even hard to think about it when a specific month comes. How this amount can be paid?! This delay does not give anything because the interest rate is too high. We are talking about the largest amount", said Maka Tsabutashvili, General Director of the restaurant" Tashre ".