Economy
Posted:
4 years ago
Government Sells 69 Properties as part of 100 Investment Offers for Business
The government of Georgia has sold 69 properties of 120 ones as part of “The 100 Investment Offers for Business” privatization program, the 2019-2020 government’s report reads. The document was submitted to the parliament.
The project’s positive effect was brought thanks to competition on auctions and the business sector’s much interest in the project, the report reads.
The state program was launched in November 2019. At this stage, the government has included 120 state-owned properties in the privatization list. Total value of all assets makes up 305,990,395 GEL.
The government has already sold 69 properties worth 43,848,700 GEL, while the final value made up 57,833,700 GEL”, the government’s report reads.