AZN 540 million of investments raised for Azerbaijani enterprises for entire history of privatization

Baku, Fineko/ The Collegiate Organ of the State Committee for Property Issues of Azerbaijan has held a session.

The State Committee informs that the meeting discussed the results of the SCPI’s activities in 2010 and tasks for 2011.

At the session Committee’s chairman Kerem Hasanov informed that the winners of the last year’s investment competitions for privatization the 10 joint stock companies undertook commitments to invest AZN 90 million in the privatized enterprises. At that, in 2010 the enterprises privatized through investment competitions have been already invested AZN 60 million.

"In the history of privatization by 1 January 2011 the privatized enterprises were invested AZN 540 million,” Hasanov said.

It enabled to create 13,000 new jobs.

"Last year government’s total revenues from privatization amounted to AZN 57 million,” Hasanov said.

It was privatized more than 750 state-governed enterprises and objects in 2010.



25.01.2011 15:45


Related news

 ru / en


Weather forecast for Baku Weather forecast for Baku

Weather forecast for Gyandzha Weather forecast for Gyandzha

Weather forecast for Sumgait Weather forecast for Sumgait

Weather forecast for Kuba Weather forecast for Kuba

Weather forecast for Lankaran Weather forecast for Lankaran

Weather forecast for Nakhchivan Weather forecast for Nakhchivan