MP voices offer to boost privatization of state objects
By Kamila Aliyeva
MP Gudrat Hasanguliyev has proposed to sell some of state objects put up for privatization for a nominal fee.
Hasanguliyev, addressing the first meeting of the spring session of the Azerbaijani Parliament on February 1, noted that not all state objects that are put up for privatization find a buyer.
“Sometimes entrepreneurs do not have enough funds to purchase state property, but in international practice there are cases when such objects are sold for a nominal fee,” Hasanguliyev said.
The MP offered to authorize the State Committee on Property Issues to establish a symbolic cost to several state objects.
“In this case, the committee may set requirements, for example, the buyer will have to invest in the company a certain amount of funds later or to expand the staff of workers to a certain level,” the MP added.
So far, the Committee held 15 auctions and more than 700 state enterprises and objects have been put for sale.
The third stage of privatization in Azerbaijan started in the framework of the presidential decree dated May 19, 2016. Under the decree, the acceleration of the state property privatization process has been defined as an important direction of the economic policy.
Over 300 new state-owned enterprises and facilities declared open for privatization in Azerbaijan in 2016.
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 aims at facilitation of the process.
The website is available in two languages - Azerbaijani and English. “Why Azerbaijan is special” section available on the website explains the reasons and advantages of investing in the country. Portal users now exceed 400,000.
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