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Privatization plan in Georgia fulfilled by 251 percent in third quarter

Georgia Materials 30 October 2010 10:08 (UTC +04:00)
Plan for privatization of state property for the third quarter was fulfilled by 251 percent.

Georgia, Tbilisi, Oct.30 / corr. Trend N. Kirtskhalia /

Plan for privatization of state property for the third quarter was fulfilled by 251 percent.

Instead of the planned 23 million lari ($1 = 1.77 lari) 57,840,000 was transferred to the public budget, Giorgi Kalandadze, the spokesman for the Ministry of Economy and Sustainable Development said at a briefing Oct.29.

According to him, in October 25 facilities were sold both in Tbilisi and the regions worth 7,038,711 lari.

The Ministry of Economy held a regular auction Oct. 29, which sold buildings   worth $285,000 in Rustavi. Facilities were purchased by the Rustavmetall Company.

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