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Azerbaijan puts up 51 facilities for privatization

29 August 2016 [10:00] - TODAY.AZ

By Azernews


By Amina Nazarli

Fifty-one state facilities have been put up for privatization in Azerbaijan, the State Committee for Property reported.

Twenty-five of the enterprises put up for the auction are located in various districts of Azerbaijan, and 30-45 percent of shares of the controlling stake in the authorized capital of these enterprises are subject to privatization.

These joint stock companies operate in various sectors of economy including industry, construction, transport, services, etc.

Earlier in August other 144 state facilities, operating in various sectors of the economy, were put up for privatization in the country.

Total value of the companies put up for sale with a 50-percent discount exceeds $2,5 million.

Follow the link for more detailed http://privatization.az/index.php/az/sas-s-hif/2016-05-24-10-18-36/kidzhik-doevlaet-muaessisae-vae-obyektlaeri

The portal was designed in two languages - Azerbaijani and English, which allows foreign investors to actively participate in the privatization process. In addition, the portal has a special section called “Why Azerbaijan?” that explains foreign investors why they should invest in the country.

Recently, seventy-one state facilities were put up for privatization in Azerbaijan.  

Last year more than 1,000 different public facilities were privatized in Azerbaijan. Some 685 small state enterprises and objects, unfinished buildings, vehicles, 456 land plots, and 20 joint stock companies were privatized. Moreover, 464 non-residential area and 298 plots of land were leased and five state-owned enterprises were privatized through investment competitions

URL: http://www.today.az/news/business/153747.html

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