Over 18 mln manat remitted to public budget from privatization since early 2010
Azerbaijan, Baku, July 29 / Trend, N. Ismayilova /
According to the Azerbaijani State Property Committee, during January-June, funds invested in privatized enterprises by winners of the investment competitions hit 18.9 million manat, the State Property Committee chairman Kerem Hasanov said.
"The investments have been spent for expansion of the productive capacity of these enterprises, purchase of modern equipment for this purpose, introduction of advanced technologies to address the ecological problems, and improve staff's social security," Hasanov said.
In the first half of 2010 360 facilities and small enterprises were privatized, 201 of which are located in Baku. In the first half lands were, in which 260 facilities are located, were privatized.
During the reported period, about 10 joint stock companies were established on the basis of state-owned enterprises. Twenty joint stock companies were privatized in auctions.
Dividends on stocks owned by the state, were paid to the public budget by 70 joint stock companies.
July 29, official exchange rate is 0.8036 manat to $1.