This Law establishes that public property can be movable and immovable objects, including plots of agricultural land and public forest. It establishes the terms and conditions for privatization of public property. Privatization of public property shall be performed in accordance with purchase and sale contracts. The following objects of public property shall not be subject to privatization: (a) subsoil; (b) water resources; (c) territorial water; (d) continental shelf; (e) state forest fund; (f) protected areas; (g) national parks; and (h) objects of cultural heritage.
Implemented by: Order No. 1-1/1980 of 2010 of Minister of Economy and Sustainable Development of Georgia on Privatization of Forests Located within Settled Areas (2012-09-13)
Implemented by: Resolution No. 15 of 2011 of Georgia Government on Starting Price for Rural Land Sold on Auctions (2012-09-17)
Authors and Publishers
Vsevolod Gnetii (CONSLEGB)
Georgia is a country in the Caucasus region of Eurasia, located at the crossroads of Western Asia and Eastern Europe. After a brief period of independence following the Russian Revolution of 1917, Georgia was occupied by Soviet Russia in 1921, becoming the Georgian Soviet Socialist Republic and part of the Soviet Union. After independence in 1991, post-communist Georgia suffered from civil unrest and economic crisis for most of the 1990s. This lasted until the Rose Revolution of 2003, after which the new government introduced democratic and economic reforms.
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