Azerbaijan, Baku, 8 November / Trend corr. N.Ismayilova / From January to October in 2008, the Azerbaijani State Committee on management with state property held 50 auctions to realize stakes of joint stock companies, which were established at the base of the state enterprises, the State Committee said on 8 November. About 7mln stakes of 110 joint stock companies were sold at these auctions. Some 5,000 citizens took part in money and check auctions in 2008.
The State Committee focuses its attention on protection of rights and interests of staff at the privatized enterprises. The State Committee seeks to provide people's active participation in a privatization process in equal conditions as both juridical figures and individuals, as well as to hold auctions under transparent and openness conditions.
A total of 220 auctions wee organized on sale of small state enterprises and facilities in Baku and other cities, as well as other regions of the country in this period. As a result, about 1,400 citizens have become owners and shareholders. About 1,000 staff members' participation was provided at 200 auctions on favorable sale of auctions in the privatization process.
Some 5,000 citizens have become shareholders and owners as a result of the auctions and privatization of non-residential properties, which were under lease.
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