700 Azeri small state businesses privatized in 2009
About 700 small state-run enterprises and facilities
were privatized in Azerbaijan in 2009, chairman of the State
Committee on Property Issues has said.
Karam Hasanov told a meeting on last year’s outcomes that land plots under about 450 entities were transferred to private ownership in 2009.
According to Hasanov, 54 auctions were held last year to privatize the shares of 40 newly established joint-stock companies based in regions across Azerbaijan and operating in a variety of fields of the national economy.
The Committee chairman said investments to the tune of 480.5 million manats (about $600 million) were channeled into 80 privatized enterprises through investment tenders, fetching 32.5m manats ($40.6m) to the state budget. Some 13,000 jobs were opened at the businesses. Hasanov added that a total of 59m manats (over $73m) were transferred to the 2009 budget as a result of the privatization of property.*
Karam Hasanov told a meeting on last year’s outcomes that land plots under about 450 entities were transferred to private ownership in 2009.
According to Hasanov, 54 auctions were held last year to privatize the shares of 40 newly established joint-stock companies based in regions across Azerbaijan and operating in a variety of fields of the national economy.
The Committee chairman said investments to the tune of 480.5 million manats (about $600 million) were channeled into 80 privatized enterprises through investment tenders, fetching 32.5m manats ($40.6m) to the state budget. Some 13,000 jobs were opened at the businesses. Hasanov added that a total of 59m manats (over $73m) were transferred to the 2009 budget as a result of the privatization of property.*
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