The Government of Georgia intends to accelerate the pace of privatization of state property
The Georgian authorities plan to accelerate the pace of privatization of state property in 2021. This is reported by the press service of the government.
The issue of state property, including state-owned enterprises, was discussed today at a meeting with the participation of Georgian Prime Minister Giorgi Gakharia and the economic block of his cabinet.
The government believes that the active privatization of state property and the rational use of all assets will be crucial both for the rapid recovery of the economy and the creation of jobs, as well as for attracting new investment.
The meeting also announced the reform of the management of state-owned enterprises. As noted, its main goals are: "bringing the management of state-owned enterprises to the level of best practices and examples of corporate governance."
A special working group headed by Finance Minister Ivane Machavariani has been set up to implement the reform. It will develop a plan that will list concrete and consistent steps to implement the highest standards of corporate governance in state-owned enterprises in Georgia.
Since autumn 2019, the Government of Georgia has been implementing the project "100 Investment Proposals for Business", which provides for the privatization of state property under a simplified procedure.
The list of objects put up for auction includes real estate: industrial facilities, warehouses and farms, medical institutions, sports infrastructure, hotels, and so on. Under the program, the private sector has already acquired 116 state-owned properties.
newsgeorgia.ge
Tags:
The Government of Georgia intends to accelerate the pace of privatization of state property
The Georgian authorities plan to accelerate the pace of privatization of state property in 2021. This is reported by the press service of the government.
The issue of state property, including state-owned enterprises, was discussed today at a meeting with the participation of Georgian Prime Minister Giorgi Gakharia and the economic block of his cabinet.
The government believes that the active privatization of state property and the rational use of all assets will be crucial both for the rapid recovery of the economy and the creation of jobs, as well as for attracting new investment.
The meeting also announced the reform of the management of state-owned enterprises. As noted, its main goals are: "bringing the management of state-owned enterprises to the level of best practices and examples of corporate governance."
A special working group headed by Finance Minister Ivane Machavariani has been set up to implement the reform. It will develop a plan that will list concrete and consistent steps to implement the highest standards of corporate governance in state-owned enterprises in Georgia.
Since autumn 2019, the Government of Georgia has been implementing the project "100 Investment Proposals for Business", which provides for the privatization of state property under a simplified procedure.
The list of objects put up for auction includes real estate: industrial facilities, warehouses and farms, medical institutions, sports infrastructure, hotels, and so on. Under the program, the private sector has already acquired 116 state-owned properties.
newsgeorgia.ge
Tags:
