Georgian gov't to begin reforming state-owned enterprises in 2021-2024

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'.

The goal that we set while reforming the state-owned enterprises is to bring their management closer to the highest standards of corporate governance. This is not just our desire, it is a necessity due to the current economic situation in the country and the global economic crisis", said Gakharia.

The first state-owned enterprise to undergo reforms will be Georgian State Electrosystem (GSE), an electricity transmission system operator.

Today we are discussing how the supervisory board should be staffed at this state-owned organisation and it is extremely important that we maintain the highest standards in this process", Gakharia said. 

He added that a working group will be established which will be headed by Georgian Finance Minister Ivane Matchavariani.