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Georgia continues to accelerate privatization

Business Materials 2 June 2021 14:16 (UTC +04:00)

BAKU, Azerbaijan, June 2

Tamilla Mammadova – Trend:

Georgian National Agency for State Property has brought more than 150 investment projects on the auction in the scope of the campaign “The 100 Investment Offers for Business”, Trend reports via the National Property Agency.

According to the agency, 8 objects are state-owned enterprises. In addition, 50 objects are sold at a 50 percent discount, while 25 objects have a discount of 25 percent.

The National Agency for State Property of the Ministry of Economy and Sustainable Development continues to accelerate the privatization process and will introduce new facilities to the private sector in addition to the old ones.

"The process of privatization of state property is as transparent as possible and accessible to all. All interested parties have an equal opportunity to participate in e-auctions without any bureaucratic procedures and become the owner of state assets in a short time," the National Property Agency reports.

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