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29.01.2016 15:45

Turkey ready to take part in state property privatization in Azerbaijan

Turkey is ready to take part in the privatization of state property in Azerbaijan, Turkish Ambassador to Azerbaijan Alper Coskun told reporters Jan. 29.

Azerbaijani President Ilham Aliyev has recently stressed the need of implementing a large-scale privatization program in the country.

President Aliyev made this statement at the conference dedicated to the results of the second year of implementation of the State program on socio-economic development of districts of the Azerbaijan Republic in 2014-2018.

Some 685 small state enterprises and facilities, unfinished buildings, vehicles, 456 land plots, 20 joint stock companies were privatized in 2015.

Some 464 non-residential areas and 298 land plots were leased in 2015.

Five state-owned enterprises were privatized through investment contests.

Azerbaijan expects to receive 100 million manats from state property privatization in 2016, Samir Sharifov, the countrys finance minister, said earlier.

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