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.
This will create an opportunity for an additional 120 million GEL ($41.4 mln/€37.6 mln) to be invested in the Georgian economy in the coming years, said Gakharia.
Gakharia noted that the management of natural resources is a priority for the Georgian government and said that the government is implementing important projects in order to manage natural resources efficiently and to be in compliance with environmental standards.
The private sector is the key to create new jobs and develop the country's economy,” said Gakharia.
Gakharia said that the project “100 investment projects for business” implemented by the Economy Ministry in late November 2019 was successful and said that more than 38 state-owned assets have already been privatised.
State-owned assets which are ineffectively distributed among different state agencies or are not identified at all should be involved in the Georgian economy”, noted Gakharia, adding that privatisation is important to create new jobs, to attract new investments and develop the economy.
Gakharia said that the list of the assets offered to businesses for privatisation will never be less than 100.