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Sunday, 23 October 2016


Privatization income reduced in Adzharia

2011-04-18 15:59

Privatization income reduced in Adzharia. 15995.jpegMinistry of Finance and Economy of Adzharia has recorded the reduction of privatization incomes. As was reported by Business Georgia with reference to the administration's report, 25 objects were sold in the first quarter of 2011, the budget having received 3530 thousand laris. However, the ministry sold 42 objects to the total amount of 5960 thousand laris in the first quarter of last year.


The biggest privatization sum was received in the first quarter of this year for selling a building in 34 M.Abashidze Street. It was sold for 1 million laris. However, the most expensive object in the same period last year was the former post office building sold for 2,5 million laris.

In the opinion of the experts of the Ministry of Finance, the situation this year is connected with the total reduction of facilities meant for privatization.

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