"Unfortunately, the state does not consider this sector as one of the largest businesses," said Mikheil Giorgadze, a former culture minister and co-founder of Eastern Promotion.
He said that the state has not realized the economic wealth that this industry creates for the country.
"Unfortunately, the state does not consider this field as one of the industries and part of the big business, as it is in the case of hotels or those businesses, which are related to tourism. However, festivals are probably one of the most effective tools, both domestic and international. To activate tourism, it is not just words and this is proved by financial income. Revenue from Batumi retail trade in June, July totals to 2-3 million, while the income is increased up to 10-12 million during the festivals. However, when the festivals are over, it returns to its ordinary level – 2-3 million. You can imagine how much additional income is added to the local economy,"- said Mikheil Giorgadze.
See all the news
Kazakhstan’s Share of Bitcoin Mining Increases Sixfold Surging to Third Place Worldwide
Israel Bans Travel In Georgia From July 30
Novartis Prostate Cancer Drug Receives U.S. FDA Breakthrough Designation
Mymarket-ის აპლიკაცია ჩაშვებულია!
The Success of 5 Georgian Wines at Sommeliers Choice Awards 2021
მანინო უწერა - ახალი სასტუმრო რაჭაში
სილამაზის ინდუსტრიის გამოწვევები და #AVON-ის ფინანსური მაჩვენებლები
Investors in Georgia discover that Ease of Doing Business rankings can be deceptive
Baia Kvitsiani to Replace Mariam Kvrivishvili In The Parliament
Who Is Vazil Hudak?
PM Appoints Vazil Hudak As A Special Advisor on Attracting FDI
Exclusive Follow-Up/Interview with Selim Cakir, IMF Representative in Georgia
Czech Development Agency Delegation to Visit Georgia
GNCC demands reversal of a transaction on which they don’t have a jurisdiction - Law Professor
ფარმადეპო: „მედიკამენტები 1 ლარად“ - ქეთი კოზმანაშვილი ქალების ნარატივში
Georgia's business community responds to the sharp devaluation of GEL
Georgia amends transfer pricing rules for APAs, reduces thresholds
We paid for 100% of shares of Caucasus Online in 2019 - NEQSOL Holding
“Only the courts have the right to determine the legality of the purchase of Caucasus Online", - NEQSOL Holding