What is the Georgian state selling for privatisation?
As of now, the initial price of the most expensive state-owned asset on the auctions is 35 million GEL ($11.8 mln/€10.7 mln). Photo: National Agency of State Property.
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The Georgian state is selling about 130 state-owned assets at auction.
You can see the full list of buildings and land plots and recommendations for their use in this catalogue.
As of now, the initial price of the most expensive state-owned asset on the auctions is 35 million GEL ($11.8 mln/€10.7 mln): non-agricultural land and buildings on it in Tbilisi, on Agmashenebeli Avenue.
The cheapest one is 10,000 GEL ($33,629/€30,528), the initial price for non-agricultural land in Gurjaani municipality, east Georgia.
You can see all auctions of the National Agency of State Property here.
The locations of state-owned assets, recommendations of their purpose and the location you can see here on the map.
The number of land plots and buildings are distributed for the following purposes as a recommendation:
- For developers - 13
- Industrial/storage unit – 83
- Medical/educational institution – 5
- Sports infrastructure – 1
- Hotels – 28
- Fishing/farming – 5
In Tbilisi, there are 14 assets offered for privatisation. The other assets are located in different cities and regions.
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.
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.
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.
The Ministry of Economy will offer 100 state-owned buildings to investors for privatisation this month, said Georgian Economy Minister Natia Turnava earlier today.
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 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.
Mining deposits are offered to business for privatisation in addition to other state-owned assets offered through the program “100 Investment Offers for Business”.
Over 120 million GEL has been earned from the privatisation of state buildings in 2020 despite reduced business activity amid pandemic, said Georgian Acting Economy Minister Natia Turnava earlier today.
The government should start thinking about the privatisation of state-owned enterprises, said Acting Prime Minister Giorgi Gakharia earlier today in parliament, noting that this does not apply to strategic companies.