Irakli Kovzanadze, Chairman of Budget and Finance Committee of the Parliament of Georgia, said that in case of aggravation of the epidemic situation, announcing another “lockdown” in the country will be a difficult decision because “businesses are exhausted”, Business Media reported.

As Kovzanadze said on BMG’s TV Programme “Analytics,” Georgia is in a double economic shock – if in many other countries reduced economic activity is handled with a smoother monetary policy, it is impossible to do so in Georgia because the national currency exchange rate is hit and inflation is rising. Because of this, the National Bank has to increase its refinancing rate.