Items filtered by date: Tuesday, 09 July 2019 - NEWSDAY GEORGIA

The Government will ensure co-financing on bank loan interests for existing small hotels, and the state will serve as the guarantor for the construction of new ones, Georgian Prime Minister Mamuka Bakhtadze told representatives of the Business Association at today's meeting.

According to the Head of Government, tourism is one of the fastest growing sectors in Georgia employing many citizens, and it is the Government's task to protect the economic interests of its citizens. 
To that end, on the Prime Minister's instructions, loan interests will be co-financed for small hotels, and the tourism industry and hospitality will be given priority under the credit guarantee mechanism, to ensure against interruptions in development and new projects for enhancement.

The meeting with the business community also discussed other concrete steps planned by the Government to minimize possible losses for tourism business, including an aggressive marketing campaign seeking to cement the country's image as a safe destination, and further to enhance the competitiveness of Georgia's economy. At the same time, everything will be done to keep traditional markets.

The Prime Minister and the Business Association delegates also discussed other issues equally interesting for business. The participants of the Q/A-format meeting included Georgia's Minister of Economy and Sustainable Development Natia Turnava, Finance Minister Ivane Machavariani, the Prime Minister's Advisor for Regional Development Sozar Subari, and Head of the Tourism Administration Mariam Kvrivishvili.

Prime Minister's Press Office

Published in Politics

Business News

The capital budget proposed 1 800 000 will be saved

The capital budget proposed 1 800 000 will be saved

City government 2015 budget amendments. It was presented by Mayor David Narmania said the budget ame...

Railway station to be opened in Batumi

Railway station to be opened in Batumi

Construction of a railway station started many years ago but terminated shortly after will come to a...

Prime Minister meets with businesspersons in Kakheti

Prime Minister meets with businesspersons in Kakheti

Georgia’s Prime Minister Irakli Gharibashvili visited eastern Kakheti region within the framework of...

The Official Value of Dollar – 2.2533 GELS

The Official Value of Dollar – 2.2533 GELS

The official value of US Dollar reached 2.2533 GEL (Lari). National Bank of Georgia set the official...

MOST READ

« July 2019 »
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        

About

The News Agency,
NEWSDAY.GE is
a part of STARVISION
Media Group.
It made its first
appearance on the Internet..More

 

Contact

NEWSDAY Ltd.
Lechkhumi street.43

Georgia,Tbilisi

Phone: (+995 32) 257 91 11
E-mail: avtandil@yahoo.com

 

 

 

Social Media