Azerbaijani State Property Committee approves action plan for 2010

Azerbaijani State Property Committee approves action plan for 2010

Azerbaijan, Baku, Jan. 19 / Trend

The Azerbaijani State Property Committee approved an action plan for 2010 as part of national strategy to increase transparency and to fight against corruption, the Committee reported

The action plan considers continuing events aimed at improving the management of state property and its privatization, creating an effective system of real estate and inventory registration, and increasing transparency in this field.

The Committee submitted to the Azerbaijani Presidential Administration and the Cabinet of Ministers a report on the work done in the first half of 2009 under the privatization and management of state property, execution of state programs on social and economic development, enhancing transparency in admission to the state service, and reviewing appeals and reception of citizens

The committee created automated payment system to provide transparency of funds received from the state property lease through Kapital Bank

The committee also took measures to improve privatization processes and to ensure equal rights of privatization participants. The committee carried out events to provide transparency while selecting consultants to organize privatization process

For efficient use of state privatization checks the committee offered necessary facilities for participation of labor group in privileged subscription to shares small, medium and big state enterprises opened for privatization, to accelerate the transition of medium and big enterprises into joint stock companies, to attract the broad masses of people to participate in specialized voucher auctions, to arrange the sale of JSC shares through joint stock companies.

Based on Azerbaijani President Ilham Aliyev's decree on additional measures ensuring use of state shares privatization (check), their duration is extended for another year, until Jan.1, 2011. This decision was taken because roughly 75 percent of checks were withdrawn from circulation

Small-scale privatization began in Azerbaijan in March, 1996. The citizens began to receive privatization shares (vouchers) in March 1997, and denationalization of medium enterprises was launched in May 1997. This process was held in accordance with the first "State program on privatization of Azerbaijani State Property in 1995-1998" from 1996 to 1999. At present this process is carrying out within the second state program

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