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AZN 5mln to be Invested in Azerbaijan’s Privatized Enterprises in 2008

Business Materials 31 March 2008 12:40 (UTC +04:00)

Azerbaijan, Baku, 31 March / Trend corr U. Ismayilova/ In 2008, the Azerbaijan State Committee for State Property Management has planned to put about AZN 5mln in the privatized enterprises through investment competitions, the State Committee reported on 30 March.

"The investment competitions will promote the development of social economy in various regions of the country," the State Committee reported.

From January-March, the State Committee carried out four investment competitions, by the result of which AZN 915,000 will be transferred to the public budget and AZN 5mln will be invested in the sold enterprises during a year.

The correspondent can be contacted at: [email protected]

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