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Thursday, 27 October 2016


PM is discontent with privatization tempo

2009-12-31 12:08

Nika Gilauri, the PM of Georgia, is discontent with the results of privatization in 2009.


"From privatization much less sums than planned were received by the budget. Activity was low. There were few offers from the Ministry of Economy. In result, we have an unfavourable situation," Gilauri said at the press conference, devoted to drawing conclusions of the year - GeorgiaTimes correspondent.

He added in the course of recent weeks he has been working with Economy Minister Pololikashvili on the issue, and the new specific privatization plan for the coming year was worked out.

He explained that next year privatization must bring GEL 250 mln [USD 150 mln] to both state and local budget, whereas this year there were only GEL 170 [USD 102 mln] . "We have lots of property the state doesn't need, it's not used and included in balance. At the same time, in the private sector there's a demand for purchasing and development of these objects," he said.


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