About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
Bill Suspending Foreclosures Shelved
Civil Georgia, Tbilisi / 6 Aug.'13 / 16:01

The Georgian Dream parliamentary majority has further delayed to proceed with adoption of a controversial bill on temporary suspension of mortgage foreclosures and opted instead to elaborate a package of bills, which, according to parliament speaker, is expected to be tabled in September and which will try to provide more comprehensive solution to the problem.

“Parliament and the government continue intensive work over this issue. As it was expected, this issue turned out to be much more complex and complicated than just a problem of concrete group of people [who face foreclosures]. So active work is underway in the Justice Ministry and other government agencies in which parliament members are also involved and as it seems a package of bills will be elaborated by September to address this kind of issues in order to minimize emergence of such grave situations in the future,” parliament speaker, Davit Usupashvili, said on August 6.

“While tackling one problem, we should not create new ones for our citizens, we should protect right of private property and show caution about predictability and sustainability of our banking system. So as it seems we will get back to [discussion] of these issues in September,” he added.

Parliament passed on July 25 with its first reading the bill, sponsored by 49 GD lawmakers, envisaging suspending till February 1, 2014 foreclosure of private homes of individuals with defaulted mortgage loans. But its further approval was delayed after PM Ivanishvili criticized the bill on July 26.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2019, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
40