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Small privatizations nearing end in Azerbaijan

Business Materials 21 May 2009 15:31 (UTC +04:00)

Azerbaijan, Baku, May 21 / Trend , N. Ismayilova/

State Committee for Estate Affairs of Azerbaijan plans to complete small privatization by the end of 2009, committee's chairman Karam Hasanov said.

"The process of privatization of small enterprises is nearing completion. I think it will complete by the end of the year," Hasanov said.

Nearly 250 small enterprise and land plots which cover 190 facilities have been privatized in Azerbaijan for the last four months of 2009.

About 30 million manat have been invested in enterprises privatized via investment competitions during this period.

About 430 million manat have been invested in 82 enterprises privatized via investment competitions thus far. As many as 12,500 jobs have been created in privatized enterprises.

On May 21, the official exchange rate is 0. 8036 manat to $1.

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