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Government to provide hotel business with three million aid

Government to provide hotel business with three million aid
Government to provide hotel business with three million aid

As part of an anti-crisis plan, the Georgian government will cover the credit interest rates for the hotel business.

As Georgia's Economic Minister Natia Turnava said, more than 18,000 facilities will enjoy the assistance.

The Georgian government will allocate about three million GEL from the budget to support the business.

''In 2019, when the hotel business experienced a loss due to the June 20 Events, we subsided small hotels including 4 – 20 rooms,'' Natia Turnava said, adding that the government decided to expand the capacity of the hotels that require financial assistance.

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