Articles by Selina Williams

Baku Bourse to Open Trade In Russian, Not Azeri Shares

Azeri Privatization Plan Goes To President Aliyev In Days

  • 20 June 00
  • Reuters
BAKU -- Foreign investors in Azerbaijan may soon have a chance to take a stake in enterprises coming up for privatization but it is unclear when they will be offered prize assets in key sectors such as oil and telecoms. A senior presidential administration official said Monday that the long-awaited privatization program was likely to be accepted by the end of June. ""It should all be ready by the end of June,"" said Mayil Ragimov, head of the economic policy department at the presidential administration. The program, which will allow for the eventual sell-off of some of the country's strategic assets, is expected to go to President Haydar Aliyev for approval in the next few days. By the end of this month, Aliyev is likely to sign the program into effect and issue a decree on the privatization law that parliament passed on May 16. Azeri plans to privatize prized state assets such as state oil company SOCAR and the state airline AZAL ground to a halt last year.

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