"Business expectations have clearly worsened", - Giga Paikidze, the founder of the Small and Medium Entrepreneurship Development Association told BMGTV.
Giga Paikidze says that in terms of negative consequences, the processes taking place in the country have already affected the tourism sector.
"The political crisis is directly linked to the reduced inflow of visitors, which immediately creates a cash deficit, and this causes problems in servicing bank obligations.
As far as I know, banks are acting responsibly and trying their best to support clients and transfer them to such loan payment schedules that will be tailored to them, so that businesses can overcome the crisis...
The main challenge of the tourism sector is the lack of tourists, which means less income than planned, and less income than the business expected means that they can no longer fulfill obligations, retain employees, develop their own business, cover expenses related to facility maintenance, etc.," - stated Giga Paikidze.
