The State Committee for Property Affairs (GKVI) has once again made an attempt on the financial health of public on privatization of state enterprises. For this purpose consumes huge budget, but the results so far ..
In July of this year GKVI arranged selection of counseling and preparation of proposals of financial restructuring and improvement of several enterprises. However, all the steps in this direction (company name, company selected, the contract amount, the results of the work, etc.) are hidden from the public.
In 2011 the company Finre Consulting has received from the state 153 400 manat, the report said the State Procurement Agency. With these funds should have been developed a package of proposals for improvement and privatization of industry and engineering, including: JSC Azerelekrtoisiq, Baki Elektroavtomat, Baki Meiset Masinlari, Baki Avtomobil Senaye, Yeni BEMZ, Baki Kondisioneri, Baki Dezgahqayirma, Baki Elektriktokme and Azerboru. Of these enterprises only JSC Azerboru (Sumgayit Tube Rolling Plant) was privatized not transparent manner by the investment competition in 2012.
The process is supported by the German International Cooperation. Last week Baku was visited by a delegation from Germany headed by Director of VIII with the General Directorate of the Federal Ministry of Finance of Germany Bruno Kahl. The delegation visited one of the companies (JSC Yeni BEMZ) and got acquainted with the progress of work.
GKVI repeatedly attempted to privatize 98,45% JSC Yeni BEMZ (former Baku Electromechanical Plant Association "Azerelektromash") required for those shares not less than 800 000 manats. With authorized capital of 3.1 million. Manat company had in 2007 commitments totaling 1.7 million. Manats. Six years ago, the company had a 15.26 hectare area. It is engaged in the manufacture of electric motors, and had a staff of employees, consisting of 560 people. What the company does today is not known. -0
Economics
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