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Investment competitions make $220 million investments

Business Materials 15 April 2006 10:42 (UTC +04:00)

$220 million has been invested in the Azerbaijani enterprises via investments competitions from the start of state property privatization, the State committee on state property management chairman, Kerem Hasanov told Trend. 42 state enterprises and objects have been privatized, though property rights have been provided only to 31 owners.

2 enterprises have been privatized this year (Vine grapes production and Oquz vineyard production) and 4 more presented for privatization Baki Telegraf, Salyan plastic kutle eymali, Hanlar Agrosenaye and Azershin. The property rights have been given to 2 earlier privatized enterprises (Sumgayit meishet kimyasi and sport complex near Bakihanov village)

The control over the investment duties performance continues even after the privatization, Hasanov said.

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