26.Mar .2021 13:00

The third lockdown will be a hard blow for the economy – Bank

The third lockdown will be a hard blow for the economy – Bank
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Vakhtang Butskhrikidze, General Director of TBC Bank declares that imposing a possible third lockdown will be a hard blow for the business sector.

Accordingly, Butskhrikidze believes that if the government is considering imposing additional restrictions in the future, business sectors should be informed about it in advance, as the business will prepare for the expected difficulties.

"The third lockdown will be very difficult for the economy. To make the picture clearer, it must be determined in what cases it is expected. It is desirable for the business at least to determine which sectors will be affected by COVID-related restrictions. The more is defined, the more prepared the business will meet this situation. Of course, it will be a hard blow, "Butskhrikidze said.

Due to the increased coronavirus cases over the past few days, members of the Coordinating Council do not rule out imposing additional point restrictions.