The Prime Minister of Georgia, while speaking today about the state support for organizations and businesses, pointed out that 80% of the loan interest will be subsidized not only for restaurants, but also sports industry, sports facilities and private kindergartens.

“It was a subsidy on bank loan interest in the portion of 80% for 6 months. About 2000 applications have been received, which means that almost 2000 restaurants requested the concession to apply to them. Nevertheless, eligibility criteria were met only by 420 applicants due to certain technical reasons.

Today we will take a decision to ease the participation requirements to make sure that those 2000 restaurants that originally applied get state support through this initiative. Apart from this, we will take a decision to cover not only restaurants with this bank loan interest subsidy of 80%, but sports industry, sports facilities and kindergartens as well, because they also expressed significant demand towards this end. These are the organizations and businesses that were affected by the pandemic as well”, - said Giorgi Gakharia.