Some large state-owned enterprises will be privatized in the investment competition. Investors' proposals will be discussed.

The State Service on Property Issues under the Ministry of Economy continues its work on attracting investors to the privatization process of state property. The State Service states that it is open to discuss investment proposals for revitalizing and developing the activities of enterprises to be privatized by bringing information about some production enterprises to the attention of entrepreneurs.

Most of the listed enterprises are intended to be privatized through investment competitions. Therefore, proposals of interested parties will be discussed during the preparation of competition conditions.

Attracting larger amounts of investments to the country's economy, technological modernization of morally and physically worn out enterprises, mobilizing their potential and achieving competitive and export-oriented product production, as well as by offering enterprises put to competitions at a price lower than the real market value for the purpose of creating new jobs, the possibilities of applying support measures to potential investors can also be considered.

Interested investors can contact the State Service on Property Issues in order to get acquainted with enterprises and their financial and economic indicators for the preparation of proposals, as well as get answers to any questions that may arise. (address: Baku, Khatai district, AZ1025, Y. Safarov street, 50, Tel.: 99412 4902408 (ext. 208 and 191); fax: 99412 903359; e-mail: office@emlak.gov.az).

The list of state properties for privatization:

 Information on medium and large enterprises intended for privatization

Name of enterprise

Address

Activity profile

Method of sale

Authorized capital (manat)

Selling share

(%)

Land area (ha)

Area under buildings (sq. m)

1.

"Baku Elektroavtomat" OJSC

Baku city, Khazar region, Bina settlement

Production of electrical distribution boards and internal electrical network products

Investment competition

1.255.487,0

99,34

9,32

37.576,8

2.

"Baku Telegraph" OJSC

Baku city, Sabail district, U. Hajibeyov street, 36

Telegraph service

Investment competition

821.654,0

97,38

-

239,0

3.

"Jalilabad Sharab" OJSC

Jalilabad district, Shahriyar village

Grape processing and wine production

Investment competition

368.620,0

99,97

1,22

952,2

4.

"Ganja-Gannadi" OJSC

Ganja city, Shamkir highway, 1

Production of confectionery products

Investment competition

5.288.190,0

30,03

12,4

24.198,2

5.

"Gasid" OJSC

Baku city, Nasimi district, 4 m/r, Javadkhan street, 21

Press release service

Investment competition

229.790,0

85,00

0,16

559,9

6.

"Mingachevir Tekhniki Rezin" OJSC

Mingachevir city, Samukh street, 15

Production of technical rubber products

Investment competition

970.514,0

98,94

18,19

44.851,9

7.

"Zabrat-Istikhana" OJSC

Baku city, II Zabrat settlement, Sabunchu district

Growing fruits and vegetables in greenhouses

Investment competition

110.032,0

99,01

41,0

102.173,0

8.

"Zeykhur" Small Hydropower Station

Gusar district, Upper Zeykhur village

Electricity production

Investment competition

93.863,0

100,0

1,0

818,5

9.

"ASK Textil" LLC

Sumgait city, Sulh Street, 3

Fabric processing, yarn, knitting, textile products production

Investment competition

1.814.379,0

To be determined later

6,2

7.644,5

10.

"ASK Izolit" LLC

Mingachevir city, Heydar Aliyev pr., 67

Polyethylene and glass plastic pipe, composite fittings

Investment competition

2.696.689,0

To be determined later

15,16

27.296,0

11.

"Azeripek" LLC

Shaki city, F.Khoyski street, 1

Production of various products from raw silk and silk fabric

Investment competition

8.119.579,0

To be determined later

13,3

58.435,1

12.

Baby diaper factory (property complex)

Baku city, Garadag district, Salyan highway, 25th km

Production of baby diapers and tissue paper

To be determined later

It is being clarified

100,0

12,0

21.500,0

13.

Sheki Meat Plant (property complex)

Sheki city, Oyrat village, Garasu area

Preparation of meat and meat products

To be determined later

1.053.579,0

100,0

15,0

16.725,3

14.

Sheki Cannery (property complex)

Sheki city, Salman Mumtaz street, 8

Preparation of canned products

To be determined later

2.478.000,0

100,0

1,26

4.4461,9

15.

Ganja Fridge Storage (property complex)

Ganja city, Kepaz district, V. Tereshkova street, 1

Fridge storage

To be determined later

3.952.500,0

100,0

2,23

It will be clarified

16.

"Baku Dazgahgayirma OJSC

Baku, Binagadi District, Bilajari District, Y. Huseynov Street, 114

Production of metal cutting machines and technological equipment for them

Money and specialized money auction

1.522.110,0

99,7

5,4

8.946,0

17.

"Zagatala Findig" OJSC

Zagatala city,

Azerbaijan avenue, 37

Supply and processing of nuts

Money auction

838.868,0

30,03

3,03

It will be clarified

18.

"Ganja Gushchulug" OJSC

Ganja city,

Girmizikend settlement

Production of poultry meat and eggs

Money auction

1.223.095,4

30,05

16,5

51.688,3

19.

"Salyan Reproductor Gushchulug" OJSC

Salyan region, Garachala settlement

Production of poultry meat and eggs

Money auction

220.530,0

30,02

9,7

10.331,5

20.

"Salyan Broiler" OJSC

Salyan district, Khalaj village

Production of poultry meat and eggs

Money auction

1.120.118,0

30,04

69,9

13.198,5

21.

"Imishli Yagh-pendir" OJSC

Imishli district, Rasullu village

Milk processing, cheese and cottage cheese production

Money auction

238.217,6

30,03

2,0

It will be clarified

22.

"Shikhlar Broiler" OJSC

Masalli district, Shikhlar village

Production and sale of poultry products

Money auction

279.609,6

30,11

18,0

It will be clarified