Azerbaijan’s State Property Committee started carrying out measures
contained in President Ilkham Aliev’s order of the 6th April on
privatising companies in the construction complex belonging to the
government, Trend reports, citing the State Committee’s declaration on
Thursday.
As part of the preparations for privatising the companies, the
committee is gathering detailed information on the property and real
estate of the stock companies, the characteristics of their property,
and is studying documents and their performance indexes.
The State Committee will take measures to preserve and effectively use
the companies and organizations to be privatised, in order to prevent
the illegal use and rent of real estate and equipment, and to
effectively use the land owned by these organisations and deal a blow
to illegal structures.
The stock-companies are already undergoing an evaluation of their
property and preparing privatisation documents.
The declaration says that one of the most important criteria is
protecting the employees of these organisations and their
participation in the privatisation process. The committee pays special
attention to protection of the rights and interests of employees,
providing an opportunity for them to participate in the privatisation,
preserving work places, and saving their working schedule.
The committee is working hard to attract foreign investors.
The committee’s declaration also says that privatising these companies
will help them organize their work according to the principles of a
modern market economy, acquire equipment and technologies that meet
international standards and improve the quality of products and
services.
The Azerbaijani president signed the order for privatising stock
companies of the construction complex belonging to the government on
the 6th of April.
Acording to the second state privatisation project, structures
belonging to such stock-companies as Azersutikinti and
Azersenayetikinti will be open to privatisation. The project includes
organizations in which the government holds a controlling interest
(51% shares), Azerenerjitkintiqurasdirma and Azerneqliyyatyoltikinti,
and one organization in which the government has 25.5% of the shares –
Azerkendtikinti.
The current decision is aimed at stimulating Azerbaijan's industrial
complex, basing it on the principles of a market economy.
