Corruption Risks in the Process of State Property Privatization
Tbilisi. Transparency International Georgia has analyzed the official data related to privatization of the state-owned real estate by the central government in 2013-2021 and found that the process of privatization contains significant corruption risks. Extremely low competition, lack of transparency, absence of integrity mechanisms and inadequate response to alleged violations – these are the key challenges that create corruption risks in the process of privatization.
“In Georgia, a significant part of land resources is still owned by the state. With the current rate of privatization, the process is expected to last for many more years. Given the above-mentioned challenges and the fact that there are no high-level corruption prevention mechanisms in the country, there is a high probability that the state property will be disposed of in favor of private interests of specific individuals, at the expense of state and public interests, a number of alleged examples of which are provided in this study”.
Source: transparency.ge
