Within the privatization process in Azerbaijan, nearly 40 trade operations on sale of assets of joint-stock companies have been held in the Auction Center for Organization of Special Auctions. The assets of approximately 120 joint-stock companies have been sold during these auctions, Trend reports with reference to the press release of the State Committee for the Management of State Real Estate. AZN 4,000,000 has been transferred to the State Budget from the sale of the assets.
In addition, the State Committee has taken measures to ensure effective management of the state shares and regulation of the activities of joint-stock companies in which the State has shares. Special attention is paid to increasing the dividends in relation with the state share, manage shares in state-owned joint-stock companies, to ensure the participation of the representatives of the state bodies in control and management bodies, as well as the timely conduct of meetings of the shareholders.
As a result of works in 55 JSC, the first common meeting of shareholders has been held, as well as dividends for state shares in 120 JSC have been transferred to the State Budget.