Government Corrects Mistake of Two Years Ago

The Cabinet ruled the state privatization checks from the list (http://goo.gl/MJL5mD) of securities, the sales and purchases of which have special requirements.

The government decision was made on February 25 of this year, but only made public in print on March 31.

Thus, the government has corrected a mistake of two years ago. The fact is that the maturity of the vouchers expired on December 31, 2010. Since that day, they are not considered securities. However, the Cabinet of Ministers on April 4, 2014 (Rules of trade, public catering, household and so on kinds of services) introduced the securities in the list of those, the purchase and sale of which is regulated by the Civil Code, and controlled by the State Securities Committee.

It is noteworthy that certain persons are still working on the "black market" purchase and sale of state privatization shares (1 share = 4 checks). Today, 6 AZN is given for them.

The state privatization shares were issued in March 1997. Every citizen of the country has been distributed a share free of charge. Privileged categories of persons (veterans and war invalids, disabled persons and the families of those who died in the events of January 20, and others) twice received supplementary shares. Total in the course of the privatization about 80% of the shares were used. ---08B