Government of Georgia – Appearance 2020

Giorgi Gakharia: New investment offer initiative has been a success Print Version

2020-01-30

Our recent initiative about two months ago, one involving a new investment offer to business, has been a significant success, Georgian Prime Minister Giorgi Gakharia stated during today's Government meeting.

The Head of Government, in discussing the work of the Economy Ministry, emphasized new jobs as a top priority.

"As of today, in excess of 38 sites have been privatized, and we have quite significant budget revenues. Importantly, this list will always consist of at least 100 sites, as we have promised our economy, our business. That is our task, and it involves expedited, effective privatization beneficial for the state. But most importantly, it will create new jobs, attract new investments, and give the economy new energy," the Prime Minister stated.

According to the Prime Minister, the Government's main task is identify, channel into the economy with maximal effectiveness, and privatize all resources that are presently allocated ineffectively among various state institutions or unidentified altogether.

"It is common knowledge that the private sector is the main job-creating driving force behind our economy. Along with this initiative, the Ministry of Economy has come up with an excellent new idea to strengthen this direction. It involves the same approach to mineral resources as a proposal to business regarding 100 additional investment projects. As you know, natural resources management is one of our priorities, and the state is currently implementing several far-reaching reforms in this direction with a view to ensuring effective mineral resources management and compliance with relevant environmental standards," the Prime Minister underlined.

Prime Minister's Press Office