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Saturday, 22 October 2016


Expert: The Georgian government is afraid of responsibility

2011-08-12 15:14

According to the Georgian expert Liana Dzhervalidze, transfering of shares of the Georgian state-owned companies to the international exchange will relieve government of Georgia for liability for potential conflict of geopolitical interests. This opinion was announced by the expert in an interview to "Radio Liberty".

"Russian or Azeri investors, being owners of huge funds, would be interested in these objects. Armenians, who entirely depend on supplies of resources from the Georgian ports, can also be interested in it. In case the shares will be placed to international stock markets, the providing side does not make decision on membership of geopolitical nature" - said Dzhervalidze.

However, Dzhervalidze points to certain risks. It is is almost impossible to control the future owners of shares at world markets, she said.

Recall, August 10, it became known that the Georgian government intends to put up for auction a number of strategic projects.

Shares of Georgian Railways, Electrosystems, International Oil and Gas Corporation will now be traded on the London and New York stock exchanges.

However, we are talking about sell of small - 15, 20 and 25 - percent stake. That is, investors who purchase shares of the biggest Georgian companies, do not have the opportunity to control these businesses.

According to the Georgian Prime Minister Nikoloz Gilauri, this move will attract more investment into the country.

Opposition party "Free Georgia" have already opposed the privatization of state companies.

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