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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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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