Revenues from privatization grows by 2.3 times

At 28 auctions organized by the State Property Service in January-June, 7 blocks of shares of joint-stock companies, 11 small state-owned enterprises, 2 objects of unfinished construction and 259 cars were privatized, the press service of the department reports. In the reviewed period, revenues to the state budget from privatization amounted to 60.5 million manats. The semi-annual budget forecast for this source was fulfilled by 122.5%. At that, revenues to the state budget from the privatization of state property are up by 2.3 times from the same period of the last year. Over the past period of this year, 10.4 million manats have been invested in enterprises privatized through investment tenders, and more than 50 new jobs created at these enterprises, the SPS notes, without going into details

Source: Turan News Agency

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