Georgian PM: State-owned assets should be involved in the economy as soon as possible
Gakharia notes that as of today up to 117 investment projects are offered to the business sector for privatisation with a total worth of 150 million GEL ($50.4 mln/€45.8 mln). Photo: Government's press office.
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State-owned assets which are not fully involved in the Georgian economy should be involved in the economy as soon as possible in order to support the rapid economic growth of the country, said Georgian Prime Minister Giorgi Gakharia at a presentation of 100 investment offers for businesses.
Gakharia said that the privatisation process of state-owned buildings supports strengthening the business sector and thus increases the economic growth of the country.
The economic growth of Georgia completely depends on the private sector,” said Gakharia.
Photo: Government's press office.
Gakharia also said that the government has fully realised its function of creating a comfortable environment for Georgian private business as a key component of Georgian economic growth in order for the business sector to operate better, become stronger, create more news jobs, generate more profit and be more widely represented in international markets.
For us creating more new jobs is essential,” said Gakharia.
Photo: Government's press office.
PM Gakharia promised the business sector that the Georgian government will do everything in its power to be a decent and effective mediator for businesses to bring these projects to a final, logical conclusion and to offer citizens new, additional jobs.
Gakharia notes that as of today up to 117 investment projects are offered to the business sector for privatisation with a total worth of 150 million GEL ($50.4 mln/€45.8 mln).
Ministry of Economy and the National Agency of State Property will offer local and international businesses 100 buildings for privatisation tomorrow, announced the Ministry of Economy.
A predictable, stable and positive business and economic environment will be crucial for the Georgian government for the next year, said the Prime Minister Giorgi Gakharia at a meeting with the members of the Business Association of Georgia earlier today.
The Ministry of Economy will offer 100 state-owned buildings to investors for privatisation this month, said Georgian Economy Minister Natia Turnava earlier today.
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 the privatisation income in the state budget, said the Georgian Minister of Economy Natia Turnava today.
On the basis of the state-owned buildings which will be privatised, hotels, medical, education and other profile institutions will be built which will entail the creation of about 2,500 new jobs, said Georgian Minister of Infrastructure Maia Tskitishvili earlier today.
The Georgian state is selling about 130 state-owned assets at auction.
6 of over 100 state-owned assets auctioned to businesses for $3 mln
Six of more than 100 assets offered to businesses by the Georgian government, “in an unprecedented project” on November 29, have already been sold for 8,090,000 GEL [3 million dollars], Georgian Minister of Economy Natia Turnava stated earlier today.
The process of getting water licenses for small and medium-size business owners will become easier, said Economy Minister Natia Turnava yesterday after the government meeting.
The Georgian Economy Ministry is offering natural resources for privatisation in addition to other state-owned assets offered through the “100 investment projects for business” program, said Georgian Prime Minister Giorgi Gakharia at a government meeting earlier today.
Rike concert hall located in Tbilisi on Europe Square will be offered to businesses for privatisation in addition to other state-owned assets offered through the “100 investment projects for business” program, said Economy Minister Natia Turnava earlier today.
Mining deposits are offered to business for privatisation in addition to other state-owned assets offered through the program “100 Investment Offers for Business”.