Caspian Energy Journal Caspian European Club
Monday, 19 November 2018 17:00

1.5 billion GEL debt of Georgian citizens annulled

1.5 billion GEL debt of Georgian citizens annulled

“I would like to inform the public that almost 95% of the debts on the black list consist of loans with a principle sum not exceeding 2,000 GEL”, Prime Minister of Georgia Mamuka Bakhtadze said at today’s briefing, Caspian Energy News ( reports with reference to the press office of the Prime Minister of Georgia.

“We are talking about the financial responsibility of more than 600,000 citizens to banks, online organizations, or a variety of other financial institutions, their debts amounting to about 1.5 billion GEL. Today's decision annuls this 1.5 billion GEL debt of our citizens”, Mamuka Bakhtadze said.

According to Mamuka Bakhtadze, work is underway on the registry bases for debtors, and the process of debt annulment will start on December 15 to be completed on December 31. 600,000 of Georgia citizens and their families are guaranteed to be removed from the black list before December 31 and to celebrate New Year's Eve debt-free.

An agreement to annul the debts of these 600,000 citizens has already been reached, but we continue working, and as other financial organizations join our initiative, the number of debt-free citizens will grow, Mamuka Bakhtadze said.

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Person in charge of the newsline: Olga Nagiyeva 

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