National State Property Agency fulfils 2023 privatization plan by 100.2%

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14 November 2024, 21:59

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National State Property Agency fulfils 2023 privatization plan by 100.2%

28-12-2023 12:19

Georgia’s National Agency of State Property said today that it had fulfilled the privatizations plan by 100.2% this year.

The body said it had mobilized GEL 279 million as a result of “active” privatization.

In the fourth quarter alone, the amount of money transferred to the budget totaled GEL 98 million, which was 126.02% of the fourth quarter privatization plan.

The Agency had conducted about 3,000 auctions, with the total amount of expected investment from privatized state assets reaching GEL100 million. Such a result means that a significant part of state property has already entered economic turnover.

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