The State Committee for Property Affairs (SCPA) has begun to prepare 352 enterprises and objects for privatization.
The first phase will include restructuring, inventory and assessment of these objects, which are on the balance of about 30 public organizations.
“The main purpose of the divestiture of these facilities is to reduce the burden of state-owned enterprises and the state budget for their maintenance, as well as to bring investment to them through privatization,” Turan was told in SCPA.
Note that many departmental health services, cinemas, recreation facilities, manufacturing plants, farms, etc. have been opened for privatization. In addition, the privatization of 2,507 clubs and houses of culture is expected. ----08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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