State Companies on Stock Exchange

On October 11 a law was finally adopted which will enable the government to list state company shares and sell them on different stock exchanges worldwide. As economic analysts suggest the new law does not restrict the government from selling controlling shares of the state oil companies.

Although the government states that it does not plan to sell controlling stakes in particular strategic objects, there is no guarantee on this. The opposition in particular is very active over this issue. The companies whose shares might be listed on the stock exchanges are Georgian railways, Georgian electric system, oil and gas corporation, and Telasi electricity in which the Georgian state owns 34.53%.