The State Committee for Property Affairs has put on the privatization 98.4% (120,069 shares) of the shares of Oguz-Serab (TIN 6600041491), established on the basis of the Oguz winery in 2002.
According to the ad of the agency, the investors are required to provide the investment program to restore production at the plant. The volume of investments must be not less than 400 thousand manat (about $ 205 thousand). The number of new jobs is 20.
In addition, the winner is obligated to transfer to the state budget not less than 80 thousand manat.
JSC Oguz-Serab, which has been idle for several years, can be considered bankrupt now, because its liabilities as of January 1, 2017 (351.1 thousand manat) are much higher than the authorized capital of 244 thousand manat.
The JSC has 18 hectares of land in the Oguz region, of which 8,828 square meters are under buildings.
According to the State Property Committee, proposals of the applicants are accepted until March 9.
JSC Oguz-Serab was privatized by a private company of Azerbaijan in 2015, provided investment of 600,000 manat (about $ 750 thousand) in it. But soon the company was withdrawn from the investor and the investment was not compensated. ----08D
Economics
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
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.
Leave a review