TODAY.AZ / Business

AZN 5mn delivered to State Budget through investment competitions for privatization

29 September 2006 [08:28] - TODAY.AZ
AZN 5mn has been delivered to the State Budget from privatization through investment competitions since early this year and over 12 000 new jobs have been created in the privatized enterprises.

As APA reports, Oguz Sharab, Siyazan Sharab, Salyan Plastik Kutle Refinery, Khanlar Agrosenaye, Baku Telegraph, Sumgait Production, Ganja Industry Equipment, Azerbaijan Hotel and Mingechevir Isolate, Dashkesan Ore-Processing, Moscow Hotel were privatized through investment tenders.

Tender winners undertook to invest over $61mn for restoration and development of production, application of new technologies and provision of other services.the agreements envisages investment of USD 453mn and creation of 4 105 jobs. Over $8mn has already been invested in the past period.

The committee told APA that the fulfillment of agreement undertakings by investors is monitored by the committee.

URL: http://www.today.az/news/business/30775.html

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