ABSTRACT
The process of privatization in Georgia is being carried out by the Ministry of State Property Management. On 9 August 1992 the main law On Privatization of State-Owned Enterprises was adopted. In 1992 privatization of residential houses commenced, and the process is almost completed to date. In the same year, land was distributed for long-term use to people engaged in agriculture; however, the land still remains state-owned. In August 1992 the government of Georgia adopted a privatization program, and in 1993 it started the privatization of small, medium, and large enterprises. Head of State’s Decree No. 178, dated 29 May 1994, has speeded up the process significantly, giving priority to management and employees in privatizing state property.
