Privatization revenues stabilized

In 2013, the state budget revenues from privatization of state assets amounted to more than 35 million manat, which is more than the forecast (AZN 35 million) . Practice shows that the cost of privatized property does not correspond to the market value , and contests and auctions are of a formal nature.

The State Committee on Property disclosed data on the course of privatization in 2013 . The annual report reflects information about cash receipts only at a discounted sale of shares and equity in small enterprises members of the personnel that allocated to the state budget 278 428 manat. In May 2013, LLC Baku Steel Company (winner of the tender for sale of 97.39 % stake in JSC Azerboru) undertook to transfer these shares of 14 million manat to the state budget within 240 days.

Last year, in the framework of the "small" privatization" there were sold about 700 plants and facilities (including vehicles) and land for more than 720 objects. In addition, at cash auctions were sold shares (30% and above) of 41 JSC, at specialized cash auctions - 5 JSC, and at investment competitions 0 3 JSC.

It is noteworthy that SPC reported on the results of the investment competition for two JSC (Beylaqan-Pambig and Azerboru). It turns out that the results of the third successful competition were not disclosed .

According to the Ministry of Finance, in 2012 the state budget revenues from privatization amounted to 35.1 million manats. And this and the following years, this figure is projected at 30 million manats.- 08D-