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.

Agenda.ge, 29 Nov 2019 - 13:22, Tbilisi,Georgia

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). 

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