During the first quarter of 2013 in Azerbaijan were privatized 150 state-owned enterprises and small objects. For the comparable period in 2013 were denationalized 270 such enterprises and projects.
According to the State Committee on Property Issues (SCPI), from the beginning of the year were sold lands, on which about 130 objects are located. Some of them, which were formally abandoned by their users, were sold at public auction. During January-March last year, it sold 220 plots.
Through 12 cash and specialized cash auctions were privatized shares of 11 joint stock companies.
Also decreased investment in companies privatized on investment contests. In the first quarter, they decreased from 1.3 million manat (I quarter of 2013) to almost 1 million manats.
On the revenue to the state budget, as a rule, there are no SCPI reports. This year they are projected at 35 million manat.
Privatization in Azerbaijan is noncompetitive and all enterprises and objects are sold at auction at a starting price, which is several times lower than the market. Local media claim that the companies are sold to known persons. - 08D -
Economics
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