**Georgian Prime Minister Launches Major Reform of State-Owned Enterprises**
In a significant move, Georgian Prime Minister Irakli Kobakhidze announced the launch of a comprehensive reform process for state-owned enterprises in the country. This initiative aims to overhaul the management and systems of these companies, leading to greater efficiency and cost-effectiveness.
According to the Prime Minister, this reform is long overdue and was prompted by recommendations from international organizations such as the World Bank and the International Monetary Fund (IMF). “For once, foreigners are asking us to do something that aligns with the interests of the state,” Kobakhidze said during a government meeting. “It would be wrong on our part not to implement these recommendations.”
The reform process will focus on three key areas: management changes, system revitalization, and refinement. The Prime Minister emphasized that this is not just about cutting costs but also about improving the overall performance of state-owned enterprises in sectors such as energy and transportation.
In the energy sector, specific practices have been identified that hinder its development. These will be eliminated within the next two months at most. Similarly, efforts will be made to improve management systems across all state-owned enterprises, which is expected to stimulate Georgia’s economic growth.
**What’s Next?**
To support this reform process, a legislative package will be prepared and submitted to the Parliament of Georgia. The Prime Minister called on Parliament to adopt this package as quickly as possible so that the reform can be fully implemented.
This move has significant implications for Georgia’s economy, and it remains to be seen how the country will benefit from these reforms. However, one thing is certain – with international organizations backing the initiative, the Georgian government is now more than ever under pressure to deliver results.
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