Azerbaijan Wine Fully Privatized
The State Property Committee announced the winner of the investment competition on sale of Tovuz-Sharab 2 JSC. Trend has been informed in the State Committee that a physical person who bought the shares, became the winner of the competition. According to the investment program, the new owner is obliged to put $135,5 thousand to the Azerbaijan wine-making enterprise. All these funds will be spent on repair and construction work, buying up-to-date equipment, raw materials, and their storage. He was also pledged to allocate 33.000 AZN to the State Budget. Within the investment project on the restoration of the production process and its development, new jobs are envisaged to become available in the enterprise. Some other socially-oriented measures are expected to be taken as well.