 | 471 enterprises open to privatization |
Recent presidential resolutions have announced 471 enterprises open to privatization. All of these are medium and large enterprises, while 21 are joint ventures, Minister for State Property Farhad Aliyev told a news conference Wednesday.
According to him, denationalization of so many enterprises will take some time, therefore, it is difficult to predict when it could finish. Saying that the process of privatization will not be confined to these enterprises alone, the minister said privatization of enterprises engaged in marketing of natural gas is envisioned for subsequent stages.
Speaking of the enterprises, F. Aliyev said AZM10 billion would be allocated to “AzerBoru” joint stock company and AZM500 million to the Shaki silk-worm breeding enterprise this year. Besides, the EBRD has allocated $220,000 to the Ganja confectionery factory.
F. Aliyev said the ministry is expected to transfer AZM200 billion to the state budget this year, of which 25% will be provided to the ministry in order for it to prepare the most vulnerable enterprises for privatization.
With regard to the arrears of the privatized enterprises, F. Aliyev said following a presidential decree all of them would be written off since October 1.*
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Issue: April, 4, 2001
POLITICS
President addresses Key West meetingArmenia shatters cease-fire8-10 thousand Chechen refugees in Azerbaijan
ECONOMICSDrilling plan fulfilled mainly offshoreNumber of operating wells downDevon Energy Commences Production From Egyptian Field; Announces New Oil DiscoveryAzerbaijan to get more gas from Chirag471 enterprises open to privatization3% of privatized enterprises – industrial
CULTURERussian, Azeri culture centers to start functioning in Baku, Moscow
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