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42,17% OF EARLIER DISTRIBUTED PRIVATIZATION SHARES TO BE WRITTEN OFF

Business Materials 12 July 2005 16:31 (UTC +04:00)

For the moment, 42,17% of all privatization shares issued to the population, have been written off, Minister of Economic Development, Farhad Aliyev told Trend. According to him, for six months of the current year 1 million of privatization shares and 50,000 options have been written off.

For the accounting period 60 billion manats from privatization have been transferred to the state budget and the relevant forecast has been fulfilled. For the current year 5 investment competitions have been held in the country, on the result of which buy-and-sale contacts have been signed.

For the 6 months of the current year, in accordance with the fulfillment of commitments on the investment privatization, investments in the amount of $4,3 million have been made.

For the accounting period 7 enterprises have been transformed into the Joint Stock Companies (JSC). 26 money auctions have been held for the previous period, at the result of which stocks of 57 JSC and undistributed remains of shares of 5 enterprises have been sold.

For the accounting period directives on privatization of 191 enterprises in Baku city and 189 in the Azerbaijani regions have been signed.

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