TAM to undertake restoration of enterprises

According to an agreement between the European Bank for Reconstruction and Development and the Ministry of State Property, the Turn Around Management (TAM) program will undertake the project of reconstruction of enterprises in Azerbaijan.

According to the Minister for State Property Farhad Aliyev, the project includes such enterprises as AzerTrans, NAR Holding, SAF, Baku Plant of Air Conditioners, Shoe Factory, and Broiler Factory. The Ministry has suggested to include the “AzerYun” (Azerbaijan wool) and “Trikotazh” (knitted garments) enterprises into the list. Under the agreement, the project will cover a total of 10 enterprises.

Since 1993, the TAM program has implemented projects in most East European and CIS countries.*