Nov 3, 2010

Georgian Post Put Up for Sale

The Georgian Economy Ministry announced on October 27 about the plans to privatize the Georgian Post, which is wholly owned by the state.

The ministry said potential investors should submit their bids till December 1, 2010.

The Georgian Post, which provides postal, courier, money transfer services, has an extensive network of branches throughout the country with total 100,000 square meter office space and 87,000 square meter of land.

The ministry’s announcement does not include information about the Georgian Post’s finances and the information was not immediately available from the company.