Banking

Kakha Okriashvili: Banks to activate with Secondary Activities

Kakha Okriashvili: Banks to activate with Secondary Activities December 4, 2017Leave a comment
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The founding father of PSP Group , and parliamentarian, Kakha Okriashvili covers negative factors for business.

According to Okriashvili, inflation of GEL made an influence not merely on pharmaceutical business but additionally other manufacturers.

“Volatility of GEL created negative effect on the entire business sector, as the a feeling of instability causes the impression of additional risks and business stops to invest” -declared Okriashvili.

“What needs being taken care of may be the court jury processes. The circumstances are certainly not bad because business usually wins the events, however the process is rather slow also it lasts for few years”-explains Okriashvili.

Regulations of National Bank should be reconsidered in the process. ” Sometime soon, we have to take into account that National Bank regulations needs to be changed since it causes direct conflict between banks and real sectors. Banks are operating in the secondary sectors that could steer clear of the procedure for economic development”-declares Kakha Okriashvili.

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