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Up to 120 state-owned facilities may be privatized in Georgia

Business Materials 19 October 2019 14:20 (UTC +04:00)

Baku, Azerbaijan, October 19

By Tamilla Mammadova – Trend:

Georgian Prime Minister Georgi Gakharia ordered the Ministry of Economy and Sustainable Development of Georgia to have between 100 and 120 objects that are on the state’s balance sheet privatized, Trend reports via the press service of the Georgian government.

“The balance sheet of various departments includes quite serious assets that are simply forgotten and do not function. From this point of view, we need to be proactive and responsive,“ said Gakharia.

Georgia's Minister of Economy Natia Turnava has repeatedly said that one of the main priorities of her department’s work will be the privatization of state-owned facilities and various buildings, which, in turn, will help attract an additional funds to the country's budget.

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