Gov't approves 4-year strategy for reforming state-owned enterprises
Georgian Prime Minister Irakli Garibashvili on Monday announced his Government had approved a four-year strategy for reforming state-owned enterprises with the aim of establishing “appropriate corporate governance”. Photo: Nino Alavidze/agenda.ge
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Georgian Prime Minister Irakli Garibashvili on Monday announced his Government had approved a four-year strategy for reforming state-owned enterprises with the aim of establishing “appropriate corporate governance”.
The PM revealed the enterprises where the reform would take place would include Georgian State Electrosystem, Georgian Railways, United Airports of Georgia and Gas Transportation Company.
In comments at the weekly Government meeting, Garibashvili also announced a planned expansion of the Produce in Georgia state programme, with branches to be created in different regions to ensure accessibility for locals.
He said 20,000 entrepreneurs had benefited from the programme, with “billions of lari” invested and “tens of thousands of jobs” created.
“[However], in [various] regions people do not have the access to experience these services on the ground. Therefore, the Ministry of Economy will start creating Produce in Georgia branches in [these locations]", Garibashvili said.
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.
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.
Georgia has become a member of the World Association of Investment Promotion Agencies (WAIPA) through the application of Invest in Georgia, which is run by the country's export support agency Enterprise Georgia.
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'.