Privatized fish hatchery to start re-operating


October 15, Fineko/abc.az. Another fish breeding enterprise is going to undergo reconstruction in Azerbaijan as a result of privatization.

Azerbaijan Fish Farm LLC has become the winner of the investment competition for the sale of shares of Gabala Salmon Breeding Plant named after D. Yusifov, announced by the State Committee on Property Issues on 30 July 2019.

The Committee reports that the winner undertakes to transfer AZN 1.2 million to the State Budget in accord with the terms of the sale & purchase agreement and implement the AZN 1.1. million worth investment program, and pay wages and debts of the enterprise to the State Social Protection Fund, as well as other socio-economic and environmental obligations.

Within two years the winner is expected to invest in the joint-stock company and create 36 jobs at the enterprise.