Of the 200 state-owned enterprises to be privatized, 75 will be sold partially.
According to information of the State Committee for Property Affairs of Azerbaijan, it is planned to transfer 30% of their assets to private hands. Yet the main value for investors is a dozen of entities with the total value of more than $ 1 billion. This was announced at today's public presentation of enterprises to be privatized, carried out for international financial institutions, consulting firms and foreign entrepreneurs.
It is not known whether or not the State Committee will reach its goal, but there is the fact of increased participation of consulting companies – the presentation was attended by Deloitte, PwC, McKinsey & Company, Baker & McKenzie, KPMG and EY.
In addition to large enterprises, put up for sale will be 190 smaller organizations that require investment injections. --17D-
Economics
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On September 6, the State Oil Company of Azerbaijan (SOCAR) has announced a partnership with American oilfield services firm Halliburton to conduct research aimed at reassessing the hydrocarbon potential of the shallow-water section of the Guneşli field.
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The Food Safety Agency of the Republic of Azerbaijan (AQTA) is advancing its process of incorporating foreign high-risk food and feed production facilities into its official registry, the agency announced on Friday.
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Azerbaijan’s "Green Energy Zone" Working Group held its latest hybrid meeting to review the implementation of projects within the framework of the country's Social and Economic Development Strategy for 2022–2026, the Ministry of Energy reported on Wednesday.
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The historic city of Shusha, with its rich cultural heritage, hosted the International Day of Gastronomy on Thursday, a vibrant event organized by the State Tourism Agency, the Shusha City State Reserve, and the National Culinary Center. This event served as a bridge between various cultures and culinary traditions, showcasing the richness of the Islamic world's cuisine through the celebration of the iftar table.
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