The Georgian government plans to approve a three-year strategy for managing state-owned enterprises, including a policy on state ownership and the possible gradual privatization of individual companies, First Deputy Finance Minister Giorgi Kakauridze told BMG. He said financial oversight has already been strengthened as part of the state-owned enterprise reform, contributing to lower losses, higher profitability, and improved transparency and accountability.
According to Kakauridze, the government is expected to approve the 2027 action plan in the near future. One of its key components will be an ownership policy defining which companies should remain state-owned and which could be gradually privatized. The plan will also address stronger financial oversight, corporatization and corporate governance.
Kakauridze said it is too early to name specific companies that could enter the process, as this will be determined by the strategy. However, the reform is ultimately expected to cover all major state-owned enterprises with annual turnover of at least GEL 10 million.
“Companies with high economic importance will be the ones where the reform will begin,” Kakauridze said. He added that the 2027 action plan will also form part of a longer-term three-year strategy for state-owned enterprise management.
