The government of Georgia will finance 80% of interest rates on the hotel business bank loans, in amounts up to GEL 5 million, for the hotels with an annual turnover of up to GEL 20 million, Natia Turnava, Minister of Economy of Georgia, said on Thursday.
“We are launching an unprecedented program of subsidizing 80% of the interest rates on hotel business loans, in amounts up to GEL 5 million, for all the hotels, with an annual turnover of no more that GEL 20 million,” the Minister said.
According to her, the program will last for 6 months.
"This is the vast majority of hotels, practically more than 95% of the hotel industry. We will also help and subsidize participation in tourism exhibitions, which will soon become actual and will help our tourist facilities to bring a new tourist image of Georgia to the world market. We will also work with the Ministry of Health to assist the World Tourism Organization is establishing the safety standards,” Minister Turnava said.
See all the news
საქმის კურსი - 28.01.2021 - კოლაჟი
Regional Statistics of COVID-19
მთის კურორტებზე არსებული ბიზნესი ხელისუფლებას შეხვდა - გეგა სალუქვაძე საქმის კურსში
შესაძლოა, ბაზრობები 15 თებერვლამდე გაიხსნას
“აჭარისწყალი ჯორჯიას” ახალი აღმასრულებელი დირექტორი ჰყავს
Fines for Violation of Traffic Rules in Azerbaijan Amounted to USD 55 MLN during Jan-Sep 2020
Key Highlights in Global and Regional Markets
EASTERN EUROPEAN DNS FORUM WAS HELD IN GEORGIA
რატომ ვერ ვმართეთ კორონავირუსი? - #Forbesკვირა პროლოგი გიორგი ისაკაძე
Q&A: Ek Law Office
LVMH and Tiffany Agree on Lower Price for $16 Billion Takeover
Woman in Charge
Hualing FIZ: Four New International Companies to Establish Free Zone Businesses in Georgia
U.S. Investment Firm Asks Republic of Georgia for License to Mineral Rights on Block 12
Focus on Georgia - ADB
Focus on Ganja Gap in Nagorno-Karabakh’s Regional Conflict
Scientific Community Calls for Action Against Lockdowns
Georgian Government seize foreign-owned asset, referred to International Arbitration
Studying Abroad Costs Georgian Students €10,000–15,000