TODAY.AZ / Business

Almost 80 state-owned enterprises to be put up for privatization

24 October 2016 [13:00] - TODAY.AZ

By Azernews


By Rashid Shirinov

A total of 78 state enterprises and facilities will be put up for privatization auction on November 22, Azerbaijani State Committee on Property Issues announced on October 24.

The enterprises put up for privatization operate in the spheres of cotton growing, agricultural chemistry, transport, construction and other fields. They are located both in Baku and in other regions of Azerbaijan.

A total of 26 of these state enterprises and objects are 30-45 percent shares in joint-stock companies. Depending on an enterprise, the nominal value of each share ranges from 0.5 to 2 manats ($0.3-1.2).

Moreover, some 36 small state enterprises and facilities, including 16 non-residential lands of 13-118 square-meters, will be put up for privatization.

The auction will be held in the auction Centre of the State Committee on Property Issues.

The portal for privatization – privatization.az, launched in July 2016, reflects all necessary information about the facilities, their addresses, location, and even initial cost and aimed at facilitation of the process. The website is available in two languages - Azerbaijani and English.

The privatization process is designed to attract both foreign and local investors, as well as improve the business environment of Azerbaijan. “Why Azerbaijan is special” section available on the website explains the reasons and advantages of investing in the country.

In general, over 1,000 different public facilities were privatized in Azerbaijan in 2015.

URL: http://www.today.az/news/business/155413.html

Print version

Views: 1379

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: