Specialized Portal on Privatization

The State Committee on Property (SCP) has prepared a new specialized portal (www.privatization.az) on the privatization of state property.

This information resource will provide detailed information about enterprises and objects offered for privatization, which SCP has not done. So far, the portal contains information about Dashkesan Mining Plant and JSC Bakelektroavtomat. In the future with the help of this portal electronic trading will be also carried out.

On July 26 SCP held a public presentation of the new resource with the participation of international consulting companies, public and international organizations.

SCP, pursuant to the instructions by the Head of State on the preparation for the privatization of enterprises, cooperates with the consulting companies KPMG, PwC, Ernst & Young and Deloitte & Touche, and with experts and specialists.

"The list of enterprises subject to privatization has been prepared and the action plan for the preparation of the privatization has been approved," the SCP Deputy Chairman Rafig Jalilov said.

A stock analyst Jafar Ibrahimov believes it is expedient to provide BSE participation in the privatization, as BSE has the expertise, the necessary infrastructure and the human resources. According to him, the exchange will also provide high transparency of the privatization process, coverage and most importantly - the confidence of investors. ----------08D