| 67 |
Is there an agency, series of agencies, or equivalent mechanism overseeing state-owned companies? |
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67:
In law, is there an agency, series of agencies, or equivalent mechanism overseeing state-owned companies?
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| Score: |
YES |
NO |
 |
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Comments:
References: The Ministry of Economic Development of Georgia is overseeing state-owned companies. The city municipalities are overseeing the companies under their competence.
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| 68 |
Is the agency, series of agencies, or equivalent mechanism overseeing state-owned companies effective? |
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68a:
In law, the agency, series of agencies, or equivalent mechanism overseeing state-owned companies is protected from political interference.
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| Score: |
YES |
NO |
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Comments:
References: The Ministry of Economic Development is in charge. It is part of the executive, thus not independent from political interference.
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68b:
In practice, the agency, series of agencies, or equivalent mechanism overseeing state-owned companies has a professional, full-time staff.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments: There is one small department dealing with the issue, which leads to the assumption that there is a shortage of staff.
References: There have been no media reports on this matter. See rules of procedure of the Ministry of Economy
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68c:
In practice, the agency, series of agencies, or equivalent mechanism overseeing state-owned companies receives regular funding.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments:
References: There have been no media reports. The ministries are well-funded from the state budget.
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68d:
In practice, when necessary, the agency, series of agencies, or equivalent mechanism overseeing state-owned companies independently initiates investigations.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments:
References: The Ministry of Economic Development does not have such an authority by law.
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68e:
In practice, when necessary, the agency, series of agencies, or equivalent mechanism overseeing state-owned companies imposes penalties on offenders.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments:
References: No uniform regulations exist.
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| 69 |
Can citizens access the financial records of state-owned companies? |
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69a:
In law, citizens can access the financial records of state-owned companies.
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| Score: |
YES |
NO |
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Comments:
References: It is covered by the General Administrative Code of Georgia, Chapter III
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69b:
In practice, the financial records of state-owned companies are regularly updated.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments:
References: There have been no reports or published information on them. It is impossible to find it through public sources, whether print publications or the internet.
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69c:
In practice, the financial records of state-owned companies are audited according to international accounting standards.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments:
References: No uniform regulations exist. It is up to the company which firms and what kind of audit services to use.
Peer Review Comments: Those companies that are being sold are audited according to international accounting standards.
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69d:
In practice, citizens can access the financial records of state-owned companies within a reasonable time period.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments: As there is no uniform supervisory mechanism, and information is not placed at any one location, getting records of state-owned companies is a long and complicated process. It takes lots of time to first locate the information and then to argue for the applicability of freedom of information laws.
References: Interview with the head of anti-corruption unit of the Georgian Young Lawyers' Association, Tamar Gurchiani
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69e:
In practice, citizens can access the financial records of state-owned companies at a reasonable cost.
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| Score: |
100 |
75 |
50 |
25 |
0 |
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Comments: One needs to pay only for photocopying.
References: Interview with the head of anti-corruption unit of the Georgian Young Lawyers' Association, Tamar Gurchiani
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