Acting Economy Minister: 124 mln GEL earned from privatising buildings despite reduced business activity amid pandemic
Turnava noted that the structural recovery of the economy will also be facilitated by the maximum involvement of state-owned resources in economic activity. Photo: Nino Alavidze/Agenda.ge.
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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.
She noted that the structural recovery of the economy will also be facilitated by the maximum involvement of state-owned resources in economic activity.
Turnava noted that many new initiatives have been implemented in 2019-2020 including the program '100 New Investment Offers to Business', when 100 state buildings went on offer for privatisation at once.
This is one of the largest investment offerings, a very broad choice for businesses, where and how they can invest and create new jobs," said Turnava back in November 2019.
Back then she noted that the process of privatisation would help attract additional investments in the country and will stimulate economic growth.
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.
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 state is selling about 130 state-owned assets at auction.
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 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.
Over 130 mln GEL has been earned from privatising buildings this year which is 12 million GEL more compared to 2019, said Georgian Economy Minister Natia Turnava earlier today.
A concert hall located in the Rike Park of the Georgian capital city of Tbilisi could not be sold at auction for 47.5 million GEL despite a 50% discount, announces the National Agency of State Property. "The auction failed again because no one expressed a desire to buy the building", said the agency.
Privatisation sales have brought over ₾127.5 million ($43.3mln/€40.9mln) to the Georgian state budget in the first two quarters of this year, the National Agency of State Property announced on Tuesday.