Five joint-stock companies were established in Azerbaijan in the first half of 2012 as a result of transforming state enterprises, chairman of the State Property Issues committee Kerem Hasanov said at an enlarged meeting of the board, the State Committee reported on Tuesday.
"About 350 state enterprises and objects, as well as land plots where about 250 objects are situated have been privatised within small scale privatisation during the reporting period," Hasanov said.
He said that shares of about 20 companies were sold at 23 monetary and one specialised monetary auctions.
"About 70 million manat was invested in the facilities privatised through investment tenders during January - June," he said. "About 300 new jobs were created."
One state owned enterprise, the sports complex 'Metallurg', was privatised through an investment tender in the first six months, he said. Two state-owned enterprises privatised through investment tenders received property rights in connection with fulfilling contractual obligations.