The parliament building in Tbilisi is one of the state's real estate objects up for sale in the near future. (Photo: Interpressnews.)

TBILISI, DFWatch – The Georgian president, Mikheil Saakashvili, have been given even more power to manage the sale of state property.

Parliament has adopted a law which gives the president freedom to set the period of payment for state property when selling real estate through direct sale.

This period was defined as maximum one year, and in the specific cases five years.

But now, the president does no longer have to set a time period for when the buyer must pay for the property.