State to privatise 100 state-owned buildings this month

The Ministry of Economy will offer 100 state-owned buildings to investors for privatisation this month, said Georgian Economy Minister Natia Turnava earlier today.

The cost of the [state] property [that the state plans to sell] exceeds 100 million GEL ($13.5 mln/€12.2 mln),” said Turnava.

One of the main priorities for the Ministry of Economy in 2020 is the privatisation process of state property and the goal is to increase privatisation income for the state budget,” said the Georgian Minister of Economy Natia Turnava back in September 30.

•  Georgian Economy Minister: privatisation rate to increase in 2020

She noted that privatisation is important for increasing employment and said that there are many other buildings and factories especially in the regions which should be bought by businesses and be privatised.