the State Committee for Property Affairs offered investors 94.46% of shares of Baki Yod, created on the basis of the Baku Iodine Plant (Sabunchu district).
These shares had been exhibited to investors, but interest in them was not shown.
Conditions for applicants remain unchanged. Applicants must submit an investment program that includes proposals to introduce new technologies, improve product quality, gradual increase in power, repair and restoration of buildings, increasing the range of products, creation of new jobs.
The applicants must submit a proposal to transfer to the state budget of 100 thousand manats. Winner must pay wage arrears totaling 82.5 thousand manat.
The proposals will be accepted until 3rd December.
The authorized capital of Baki Yod is 203,000 manat. The obligations as of 1 October 2012 were 206.2 thousand manat, and the accounts receivable were 164.4 thousand manat.
Baku Iodine Plant was put into operation in 1930. Today, the idle plant has only two workers. The enterprise territory a few years ago was cleared by the Ministry of Emergency Situations of radioactive waste.
Through investment competition, the Neftchala Iodine Plant was privatized by ISR Holding in 2007. - 08D-
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