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