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Thursday, 27 October 2016


Privatization plan-2010 less than one half complete

2010-09-30 16:47

8246.jpegBy the present moment Georgia's privatization plan is completed by only 49 per cent - Novosti-Gruzia.

From privatization of state objects the budget received GEL 83.5 mln [USD 46.65 mln]. According to the plan, GEL 170 mln [USD 95 mln] are expected in 2010. 

In the nearest future the sum of the received money is reported to increase by GEL 58.4 mln [USD 32.6 mln] , 34% of the plan - the money for the already sold objects.

Vera Kobalia, the Minister of Economy of Georgia, stated though the process of privatization had been running in Georgia for many years, enough objects were presented for sale. 

The government of Georgia is discontent with the tempo of privatization and decided to involve broker companies in the process.

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