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Saturday, 08 January 2005
GEORGIAN ECONOMISTS PROTEST GOVERNMENT\'S PRIVATIZATION STRATEGY
By empty (1/8/2005 issue of the CACI Analyst)
A group of economists from Tbilisi State University have written to President Mikheil Saakashvili and the Georgian government warning against plans to privatize several major enterprises, including the Chiatura Manganese Plant, coal mines in Tkibuli, and the Georgian merchant fleet. The economists argued that, rather than selling those enterprises to foreign bidders, which would result in a one-time infusion of funds to the state budget, the government should have transformed them into joint-stock companies in which the population at large could purchase shares. (Caucasus Press).
A group of economists from Tbilisi State University have written to President Mikheil Saakashvili and the Georgian government warning against plans to privatize several major enterprises, including the Chiatura Manganese Plant, coal mines in Tkibuli, and the Georgian merchant fleet. The economists argued that, rather than selling those enterprises to foreign bidders, which would result in a one-time infusion of funds to the state budget, the government should have transformed them into joint-stock companies in which the population at large could purchase shares. (Caucasus Press)