The terms of the investment competition on sale of the shares of Azershin JSC [manufacturing tyre] were postponed anew. The bids will be considered on 18 April,
while companies can present their bids till 14 April, Trend reports referring to a news release by the State Statistics Committee. The previous competition was due to be held in March.
Companies willing to participate in the competition can present investment program, reflecting expansion of producing goods, application of modern technologies, restoration of jobs and opening of new ones in order to ensure production up to modern world standards.
Investors are also due to present bids on transfer of 800,000 AZN to the public budget and handing over of 35,000 vouchers. Both foreign and local investors can participate in the investment competition. The same time, preference will be given to the companies with leading experience on exploitation of chemical industry enterprises, undertaken liability on effective placement of investment and proposed maximal amount of investment.