About 66.3m AZN enters public budget from privatization through cash auctions & sale of state share
52 auctions were held during 2005, where shares of over 100 joint-stock companies were sold. Over this period 25.3bn manats or 5.1m AZN entered the public budget from the privatization through cash auctions, Trend reports referring to the press release spread by the State Committee on Estate Administration.
Shares of over 1,400 JSC were sold during the 342 cash and 89 check auctions held from the beginning of the privatization to 1 January 2006.
Over 1,500 JSC were established on the base of the state enterprises from the beginning of the privatization. The total sum transferred to the public budget from sale of shares and the state share in the joint enterprises comprised 331.3bn manats or 66.3m AZN.
Interests of labor collective are also taken into consideration. Over this period sale on privileged terms was carried out in over 1400 companies.
The message says that the work on holding of first general meeting has been intensified. Over 70 meetings were held as a result of enlightenment work and recommendations.