The state is going to subsidize mortgages for citizens who want to buy an apartment before the end of the year, said Georgian PM Giorgi Gakharia at the parliament.

Until today, within the anti-crisis plan, the Georgian government helped only those who had a consumer loan, Novosti-Georgia reported.

The PM explained that loan subsidies are part of a construction assistance plan that has been hit by the economic crisis caused by the COVID-19 pandemic.

Some large construction companies have already stated that they do not exclude the possible dismissal of employees.

“Construction has suffered mostly. We have already developed a specific plan of assistance not only to companies, but also to those citizens who have either decided to purchase an apartment, or are in the process and are going to make a down payment, or their apartment is already under construction. The state will take all risks,” Gakharia said.