Retail Association ready to discuss objective factors affecting financial indicators with PM in detail
Retail Association ready to discuss objective factors affecting financial indicators with PM in detail

“The Association is fully open to working meetings and consultations with state structures, with which we share a partnership and constructive cooperation,” states an announcement from the Retail Association.

The Retail Association declares that it and its members express their readiness to discuss in detail, within the framework of direct dialogue with the Prime Minister, the objective factors that influence financial indicators.

According to the Retail Association’s assessment, dialogue between the private and public sectors is the most effective way to foster mutual understanding of existing challenges and to achieve bilateral consensus.

“The retail sector consistently operates in accordance with the principles of transparency, openness, and accountability, and has for years spoken openly and with substantiation about the challenges facing the FMCG sector. Our positions have been recorded on numerous occasions, both within the framework of public communication and in professional discussions and working formats. The Association is fully open to working meetings and consultations with state structures, with which we share a partnership and constructive cooperation.

The sector operates under strict financial discipline; financial reports are publicly available, and companies are subject to mandatory audits, ensuring the accuracy and reliability of the data. This is further supported by analysis based on thorough and competent research from recent periods. In this context, the Association and its members reaffirm their full readiness to engage in detailed discussions with the Prime Minister, within the framework of direct dialogue, regarding all figures, including their origins, structure, and the objective factors that influence financial indicators.

The Association has repeatedly expressed its position on key issues such as Value Added Tax (VAT), banking commissions, and the rising costs resulting from regulations, all of which directly impact the end consumer. We believe that a structured dialogue between the private and public sectors is the most effective way to foster mutual understanding of existing challenges and to reach a bilateral consensus. It is precisely through such cooperative engagement that balanced decisions can be made; decisions that duly consider both economic realities and social responsibility.

The Association is ready to actively engage in this process and, through its own expertise and data-based analysis, to contribute to the well-being of consumers and businesses,” the Retail Association, which includes retail chains: Daily Group, Nikora, Agrohub, Carrefour, Goodwill, Zghapari, Smart, Universam, Way Mart, Gulf Store, and Domino, states.

Georgia’s Prime Minister, Irakli Kobakhidze, stated in a video address regarding consumer prices that the government is actively collaborating with distribution companies and retail chains in an effort to reduce prices. He also announced that he is calling on Parliament to establish a parliamentary commission to examine the issue.