The Cabinet excluded the sericulture breeding station in the Gakh region from the list of enterprises opened for privatization in April this year. The reason for the revision of the government's decision has not been disclosed.
On April 17, 2016 the Cabinet of Ministers adopted a decree "On measures of liquidation, reorganization and privatization of the self-supporting enterprises of the Agriculture Ministry." This decision was made in coordination with the Ministry of Agriculture, the Ministry of Economy, the State Committee on Property and other interested parties. After 4 months the Ministry of Agriculture asked the government to exclude the above-mentioned company from the list of eight enterprises subject to privatization.
So far, none of the eight enterprises opened for privatization in April (silkworm cocoon plants, a machine-reclamation station, and a veterinary sanitary disinfection team) has been privatized. ----08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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.
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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.
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