$43 mln added to state budget through privatisation sales in first two quarters
Additionally, the data provided by the Agency showed state-owned properties worth ₾34.8 million ($11.8mln/€11.1mln) were sold in the first quarter of 2022, while in the second quarter of this year the figure stood at ₾92.7 million ($31.5mln/€29.7mln). Photo: Nino Alavidze/Agenda.ge
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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.
The privatisation plan in the reported period was fulfilled by 108 percent, the Agency said, adding the amount of money transferred to the budget had exceeded the initially planned sum by about ₾10 million ($3.4mln/€3.2mln).
A total of ₾26.3 million ($8.9mln/€8.4mln) was transferred to the budget of local self-government units and ₾1.1 million ($392,897/€371,131) to the budget of Georgia's Autonomous Republic of Adjara.
Additionally, the data provided by the Agency showed state-owned properties worth ₾34.8 million ($11.8mln/€11.1mln) were sold in the first quarter of 2022, while in the second quarter of this year the figure stood at ₾92.7 million ($31.5mln/€29.7mln).
A former concert hall located in the riverside Rike Park in Georgia’s capital Tbilisi has been sold via an online auction for 10 million and 2 thousand GEL (about $3,094,025/€2,812,236), the National Agency of State Property announced on Thursday.
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.
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.
Rike concert hall located in Tbilisi on Europe Square will be offered to businesses for privatisation in addition to other state-owned assets offered through the “100 investment projects for business” program, said Economy Minister Natia Turnava earlier today.
A new study by Transparency International Georgia has revealed “insufficient transparency” in the privatisation of state property in the country throughout the years, and pointed at corruption risks in the process.