Georgia begins full-scale property inventory

Georgia's National Agency of State Property is starting a full-scale inventory process of all state buildings throughout the country.

The move was announced by First Deputy Minister of Economy and Sustainable Development Dimitri Kumsishvili at a special press conference today.

"The project aims to register state property across the country. Over the years a certain part of state property remained unrecorded. After the inventory is finished we will be able to determine the exact number of properties and engage unused assets in the economic turnover,” he said.

"This project will also accelerate the privatisation process and make it more transparent, which in turn will have a positive impact on the economic development of the country,” the Deputy Minister noted.

He said the Agency had started a pilot version of the project in March 2013. Within the pilot project, 15 districts of Tbilisi and part of the Gardabani municipality had been inventoried. The results revealed 625 unrecorded state objects in Tbilisi and 122 state objects in Gardabani. Last year, the revenue from privatising this property amounted in three million GEL.

”In addition, within the project, 14 mobile groups consisting of two people will operate in regional centers and three groups will work on the territory of Tbilisi,” Kumsishvili said.

Furthermore, Kumsishvili said through the project agricultural lands would also be recorded which would help achieve the objective of rural development.

The large-scale property inventory project has already started and is expected to be finished by the end of 2016.