New state program on privatization to be designed head of State Privatization Committee
Upon the expiration of the circulation term of the privatization checks the priority will be given to specialize check auctions and investment competitions. The chairman of the State Committee on Public Property Management, Kerem Hasanov, assured that these methods will enable to replace the privatization through checks.
In compliance with the existing legislation, the efficiency term of privatization options is expiring on 1 January 2008. A government source told Trend to date some 45% (over 14m) of all privatization checks was written off.
Moreover, the State Committee is involved in designing of proposals on the legislation on application of new forms of privatization. In the perspective it is planned to design a new State Program on privatization of state property with the similar purposes and tasks. At present the denationalization is carried out in the vase of second state program.
The opinion on the application of a new privatization program will be made concrete upon the consideration of the issue at the government, Hasanov. The key objective of new methods of privatization is establishment of liquid business bodies, attraction of investments and increase of economic efficiency in the business activities.