Acting PM Gakharia: Georgia should plan privatisation of several state-owned companies
Gakharia noted that the government will have to make concrete decisions regarding state-owned companies, the efficiency of which is in question and is a burden on the state budget. Photo: Nino Alavidze/Agenda.ge.
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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.
He noted that the government will have to make concrete decisions regarding state-owned companies, the efficiency of which is in question and is a burden on the state budget.
We need to start improving the quality of management of [state-owned enterprises], but at the same time we need to start thinking about their privatisation,” he said.
This does not apply to strategic enterprises and this should not be the subject of speculation,” noted Gakharia, adding, “Everyone should understand that this is a necessary step to involve all the state-owned assets in the economy and thus improve the country’s economy.”
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 yesterday.
The government will have to reconsider the tax breaks which have been in question for a long time, said Acting Prime Minister Giorgi Gakharia earlier today.
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 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.
Georgian PM Giorgi Gakharia has once again spoken about lifting tax breaks in the country and said that an effective study has to be conducted into the issue.
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.
The government of Georgia is starting to reform state-owned enterprises, announced Georgian Prime Minister Giorgi Gakharia at today's government meeting, adding that this will be 'an extremely important process during the economic life of Georgia in 2021-2024'.
A new council will be created in Georgia that will develop a state enterprise reform strategy to be implemented in 2021-2024, announces Georgian Prime Minister Irakli Garibashvili. The goal of the reform is to bring the management of state-owned enterprises closer to the highest standards of corporate governance.
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.