Natia Turnava: Credit Guarantee System will be Completely Switched to the Tourism Industry and Hotel Business
“The credit guarantee system will be completely switched to the tourism industry and hotel business in order to prevent suspending the development and expansion projects,” – said Natia Turnava at 1TV, Minister of Economy and Sustainable Development.
Lasha Mikava, who was deputy Economy Minister in 2018-2019, has been appointed as GIG director general.
Low-quality road construction works, protracted projects, thwarted tenders and blacklisted contractors; regretfully, this is our reality in Georgia.
In 6 months, Batumi International Airport has increased by 30% with regular and irregular flights.
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.
Russian airlines are expected to bear 47 266 000 USD losses from flight ban with Georgia, the Russian Transport Minister noted.
The investment board of Pensions Agency has held its first meeting. Olivier Russo has been appointed as a chairman of the Investment Board.