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MINISTRY OF ECONOMIC DEVELOPMENT TO START ASSESSMENT OF PROPOSALS ON PRIVATIZATION OF TWO LARGE LIGHT INDUSTRY ENTERPRISES FROM MID-AUGUST

Business Materials 18 July 2005 14:52 (UTC +04:00)

The Ministry of Economic Development of Azerbaijan (MED) plans to start assessment of proposals on privatization of two large light industry enterprises since the mid-August, deputy director of the MED Department on state property and privatization management Mehman Rzayev told Trend.

According to him, the investment competitions on privatization of the Tagiyev textile plant and the Mingyachevir textile plant have been currently announced.

The Ministry is now expecting proposals. Some companies voiced their interest to take part, however, there are no specific applications. "The deadline for submitting proposals is set by the end of the first ten-day period of August. After expiration of this date the privatization commission will set to evaluation”, Rzayev said.

The Ministry’s goal is to reinstate the light industry production and establishing new jobs.

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