Azerbaijan gets over $1.1B by privatizing state property

  23 November 2016    Read: 1138
Azerbaijan gets over $1.1B by privatizing state property
As of today, $1.1 billion have been invested in Azerbaijan`s economy through investment tenders, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said Nov. 23.
He was addressing the conference held as part of the international exhibition on real estate and investments in Baku.

Volume of the domestic production rose by 1.5 billion manats because of these investments, according to him.

"Around 47,000 state facilities were privatized and 1,600 joint-stock companies were created in Azerbaijan until 2016. A total of 250,000 people became owners of the shares of state-owned facilities," Jalilov added.

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