The state can not get rid of the machine-tool plant eighth year

State Property Committee for the eighth time announced an investment competition for sale of 99.7% of shares (890,300 shares) of Baki Dezgahqayirma.

It was established on the basis of the parent company Machine-Tool, which was put into operation 30 years ago, and offered to investors since 2005.

Compared with the previous year terms to the applicants have not changed. Is that to reduce the level of maturity of the debt on wages from 24 thousand to 17 thousand manats.

To achieve the production of metal-cutting machines that meet the modern requirements the applicants are required to provide appropriate investment program. The winner of the contest is to transfer to the state budget of at least 600 thousand manats.

Requests and offers of applicants are accepted until May 6.

It should be emphasized that the announcement of the investment competition is placed only in the Azeri-language newspaper Mulkiyyet of the State Property Committee. On the English version of the site announcement of investment tenders has not been posted since 2009.

JSC Baki Dezgahqayirma was commissioned in 1982. It takes 9 hectares. The company employs 40 people. For five years, the number of employees decreased by 31 people. The creditor debts on March 1, 2013 were 56.3 thousand manat and the accounts receivable were 23.2 million manat. - 08D-