The State Committee on Property set for privatization through investment tender the shares of two regional construction companies. The enterprises, formerly part of the state JSC Azersutikinti (Azervodstroy) are offered almost entirely.
The competition regards 99.99% of the shares of JSC Celilabadsutikinti and 100% of Agcabedi Temir Tikinti. To purchase these shares applicants must submit within one month their investment program, while preserving the old profile (construction of water conservancy) is not required.
Acquisition of shares of the JSC can cost investors a small amount: JSC Celilabadsutikinti is offered for 17,000 manat, and JSC Agcabedi Temir Tikinti – for 24,000 manat.
The printed organ of the State Committee (newspaper Mulkiyyet) published announcements of investment tenders. Contrary to the law "On privatization of state property," as well as regulations (the second state program of privatization and investment rules of the competitions) there is no information about the characteristics of the land area and the buildings to be privatized. None of this information could be found on the official website of the State Committee. Applicants can review this information only in the Prospectus (privatization plan), which is located in the administrative building of the State Committee. The head of the press service of the Ministry Gulu Khalilov in this connection told Turan that perhaps in the upcoming competitions this information will be published in the newspaper as required by law.
In the first half of this year through investment competition stakes were sold in four JSC (Azersenayetikinti, Roza-Chorek, Baki-Chaychekici and Zaqatala-Tutun). - 08D-
Economics
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
-
Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
-
Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
Leave a review