25 June 2022,   11:47
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Bill on accumulated pensions - executive government meets with business sector

The bill on accumulated pensions will be presented by the executive government to large businessmen. Deputy Ministers of Economy and Finance together with the Vice President of the National Bank are meeting with the Georgia Business Association members.

The authors of the draft law will focus on details of the draft law at the workshop.

The accumulated pension system will be launched from the third quarter of next year. Involvement will be required for people under 40 years of age. However, by the end of the year, the Parliament should approve it.

The bill is welcomed in the business sector.

"It creates a basis for creating long money in the country to create serious investments in technologies that will develop this country. It can not hinder the growth of wages and can not become a pressure on business because the tax burden in Georgia is one of the lowest in the world, "- said Mirian Gogiashvili, Director of Regional Companies Development center.

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