Small-scale Privatization Slowed Last Year
In 2014, the State Committee on Property (SCP) privatized by "small privatization" more than 770 enterprises and projects (including non-residential premises and vehicles), which is 20% less than in the previous year.
According to the report of SCP, last year there was an active sale of land under privatized and private enterprises. There were signed 650 contracts for the sale of land. This is 10% less than in 2013.
On cash auctions were sold blocking stakes in 33 joint-stock companies (in 2013 - 41 JSC). SCP currently manages the shares of approximately 200 JSC, which are periodically exposed to open cash auctions.
Note that in 2014, as in previous years, the privatization of state property was carried out on non-competitive grounds. All the objects were sold at a starting price, which is many times lower than the market value of real and personal property. In the years 2000-2013 through SCP there were privatized about 44 thousand enterprises and facilities. Of these, 30.3% were vehicles.
Privatization of state property in the Nakhchivan Autonomous Republic is carried out without the intervention of the "center". The Progress Report on the privatization process in the NAR has not yet been released. ----08D
Economics
-
Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
-
Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
-
Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
-
Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
Leave a review