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Wednesday, 26 October 2016


In Azerbaijan, 600 enterprises were privatized in 2011

2011-10-18 15:31

In Azerbaijan, 600 enterprises were privatized in 2011. 23372.jpegAbout 600 state enterprises and objects, as well as the land on which about 410 objects are located, have been privatized in Azerbaijan for three quarters of 2011. According to Trend, today this information was announced by the head of the State Committee on Property Karam Hasanov of Azerbaijan at the board meeting on the results of operations for the nine months.

Thus, he explained, in 2011, 100 million manats were invested in state-owned enterprises privatized in recent years.

During the reporting period, 500 non-residential premises were leased, period of contracts for lease of approximately 600 objects were extended, said the official.

In addition, for the first 9 months of this year the country had signed 300 new contracts for the lease of land.

Hasanov also explained that on result of monitoring, which affected 120 enterprises and facilities of the country, there were revealed the facts of misappropriation of state property for unauthorized construction and reconstruction.

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