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Thursday, 21 June 2018


Unprofitable state enterprises closed down in Georgia

2011-03-11 14:18

14475.jpegThe process of closing down unprofitable state enterprises has been launched in Georgia. This was reported by Business Georgia with reference to the words of the head of the Georgian Enterprises Management Agency Alexander Hodzhevanishvili in his interview to the journalists.


A. Hodzhevanishvili remarked that six enterprises have already been closed, including Veli, Imel, Vaziani. Besides, the process of winding up another 51 enterprises is going on. Also, the process of merging of 50 state companies that gave rise to several large enterprises is over.

The official told that at the beginning of the state companies reforming in Georgia, they were divided in several groups: special profitable enterprises, promising enterprises having certain problems, unprofitable enterprises, low-income enterprises and etc.

By the end of reforming, about 300-400 state companies will be left out of 1 426 companies, Hodzhevanishvili summed up.

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