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Friday, 28 October 2016


Georgia facilitates the process of privatizing state property

2010-07-07 11:48

Georgia facilitates the process of passing the state property into private. The due draft law On State Property was discussed and endorsed at the yesterday's sitting the parliamentary committees for environment and natural resources, and for agricultural issues- Georgia Times correspondent.


According to MP Lasha Tordia, one of the bill initiators, it's a frame bill aimed to solve issues of de-privatization. It unites several legal acts, uniting rules of privatizing lands, buildings, and other objects of state property.

The bill defines bodies responsible for managing the state property and passing it to private property, forms of passing, and also includes a list of objects not to be privatized.

This bill was endorsed in the first reading at yesterday's plenary sitting: 88 votes for, 5 against.

Parliamentary opposition made own remarks, in particular, protested removal of gas pipeline from list of not to be privatized. In the view of opposition, the control share must remain in the state property not to let some Russian state company purchase it. In their view, privatization of gas pipeline can create threats to energy sphere and economy of Georgia.

Pavle Kublashvili, the parliamentary majourity representative, claimed the gas pipeline wouldn't be sold to Russia. He said the government reaches it from economic aspect and sees privatization as justified, as the private sector successfully manages similar objects. The MP said the control stock would remain in state property, even if part of shares would be placed at London Stock Exchange.  

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