Posted: 1 year ago

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.

According to the Minister, the financial resource will be directed towards co-operation, when the bank will consider and issue a loan for the construction of a new hotel or for expanding tourism business.

Another initiative of the government is the co-financing of bank loans interest rate for small hotels.