58.5% of the privatization plan was fulfilled by the Government of Georgia in Q1, 2021.
According to the report published by the Ministry of France, in January-March 2021, the volume of revenues received from the "impaired non-financial assets" amounted to 18, 719, 600 GEL, which is 58.5% of the forecasted 32 million GEL.
The decline in non-financial assets means that certain assets are no longer state property or that these assets are being privatized.
In addition, the report shows that during the reporting period, revenues from the sale of fixed assets (for example: buildings) (GEL 15,462.5 thousand) amounted to 51.5% of the predicted volume (GEL 30 million) for Q1, while revenues from the sale of non-produced assets - GEL 3,256.9 thousand, which is 162.8% of predicted volume (2 million GEL) for Q1.
A few weeks ago, the government brought property 300 million GEL worth for privatization at the auction under the program "100 Investment Offers to Business". However, property cost of 60 million GEL was sold. This result is expected to be reflected in the data of Q2, 2021.
