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Government Plans to Privatize Post of Georgia and Georgian Railway

Government of Georgia plans to privatize Post of Georgia and Georgian Railway, Minister of Economy Giorgi Kobulia told the Bloomberg.

Government also plans to privatize State Electrosystem, the process suspended in 2011 amid the market challenges, he added.

“We should increase efficiency of these companies to privatize them”, Kobulia said.

According to the Bloomberg, the Government will mobilize tens of millions of GEL. As to Georgian railway, the Government plans to maintain certain stake in the company.

Kobulia expects the deals to boost economic growth to 7% by 2025.