The government will adjust the 2020 budget and increase spending, the Georgian Finance Minister said after the government meeting.
"We will probably come up with a budget adjustment project very soon. We will have not only reduced but also increased costs. Because that is one of the incentive mechanisms," the finance minister said.
Minister of Economy Natia Turnava also said today that the government will present an anti-crisis plan within a few days.
"As you know, the Prime Minister has given us the task of developing a single, complex business incentive plan. We have already started working on this plan and will refine it in a few days. It all started with the encouragement of the tourism industry. But, what we see today from a global perspective, we must develop a more complex plan. That includes not only tourism but business as a whole. It obviously depends on how things are going, both in Georgia and in the world, " Natia Turnava, the Minister of Economy said.
See all the news
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
Silknet signed Memorandum of Understanding with Global Communications Company One Web
Reuters: Dutch city tells floating Georgian monastery to cast off
The NBG hiked further as the GEL stays undervalued
World Bank expects slowdown of Georgia's economic growth in Q4 of 2019
Georgia-Estonia Business Forum is Held Today
Nestle Sees $250 Million Boost for Starbucks Products
BM.GE: Giorgi Gakharia has selected a new business ombudsman
Tourist Number Hits a Record within 10Months and Exceeds 8 MLN Despite Putin’s Flight Ban
Galt & Taggart does not rule out slowdown of economic growth to 4% in 2020
Mamuka Khazaradze: finally, I also found out what we were accused of
Salmonella detected in frozen chicken meat imported from Ukraine
Talakvadze about Tskaltubo Development Project: special rules won’t apply to Ivanishvili
m2: we do not have any plans for Center Point at this stage
Georgia Capital to open 6 new hotels in Georgia under the new brand Amber Group
The CEO of m2 Group is changed - Shota Berekashvili replaces Irakli Burdiladze
The 30 Top Emerging Travel Destinations for 2020
"We hold rather comfortable shares on the market " – Does TBC Bank want to Buy Cartu?
Interview with Ahmed Bin Sulayem - Executive Chairman and CEO of DMCC