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Tbilisi Central Reduces Rental Fees By 15%

13.05.21 10:00

Tbilisi Central reduced rental fees by 15% to the tenants. As Levan Karalashvili, General Director of the shopping mall has noted, it impossible to reduce the fees further, because the taxes are quite high.

"We have reduced the rental fees by an average of 15%. We do not have the opportunity to go beyond that either, because utility bills have increased, electricity has actually doubled. Water, gas ... All these have a hard blow.

There have not been any subsidies or assistance for this business amid the pandemic. Depreciation of GEL and other problems reflect on the product price, which hit ordinary consumers," Karalashvili said.
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