PM Gakharia Predisposes State-owned Assets to be Involved in the Economy

State-owned assets that are not fully involved in the Georgian economy should be involved in the economy as soon as possible in order to support the rapid economic growth of the country, said Georgian Prime Minister Giorgi Gakharia at a presentation of 100 investment offers for businesses.

Gakharia said that the privatization process and commercialization of state-owned buildings support solidifying the business sector and thus expands the economic growth of the country. 

“The economic growth of Georgia completely depends on the private sector,” said Gakharia.

Gakharia also said that the government has fully realized its purpose of creating a comfortable environment for Georgian private business as a key constituent of Georgian economic growth in order for the commercial sector to operate better and create new jobs, as well as, to generate profit and be more widely represented in international markets. 

PM Gakharia assured the business sector that the administration will do everything in its power to be a decent and effective intermediary for businesses to bring these projects to a logical conclusion and to offer citizens new, additional jobs.

“For us creating more new jobs is essential,” said Gakharia. 

Gakharia follow-ups that as of today up to 117 investment projects are offered to the business sector for privatization with a total worth of 150 million GEL ($50.4 mln/€45.8 mln). 

By Beka Alexishvili