BAKU, Azerbaijan, April 26
By Tamilla Mammadova – Trend:
Some 58.5 percent of the privatization plan was fulfilled by the Government of Georgia in 1Q2021, Trend reports via the report published by the Ministry of France.
According to the report, from January through March 2021, the volume of revenues received from the impaired non-financial assets amounted to 18.71 million lari ($5.4 million), which is 58.5 percent of the forecasted 32 million lari ($9.3 million).
The decline in non-financial assets means that certain assets are no longer state property or that these assets are being privatized.
In addition, the report shows that during the reporting period, revenues from the sale of fixed assets (15.46 million lari/$4.4 million) amounted to 51.5 percent of the predicted volume (30 million lari/ or $8.7 million) for 1Q2021, while revenues from the sale of non-produced assets - 3.25 million lari ($9.4 million), which is 162.8 percent of predicted volume (2 million lari/ or $582,006) for 1Q2021.
A few weeks ago, the government brought property worth 300 million lari ($87.3 million) worth for privatization at the auction under the program "100 Investment Offers to Business". However, property cost of 60 million lari ($17.4 million) was sold. This result is expected to be reflected in the data of 2Q2021.
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