Budget Receipts From Privatization Totaled 455 Million And 550 Thous

BUDGET RECEIPTS FROM PRIVATIZATION TOTALED 455 MILLION AND 550 THOUSAND US DOLLARS

Panorama.am
18:40 12/04/2007

178 commercial organizations were in the liquidation process during
the year 2006, out of which 113 decisions on the liquidation were
adopted in 2006. The process of liquidation of 20 organizations has
been completed, 14 companies were declared bankrupt. During today
sitting, presided by Prime Minister Serge Sargsyan, members of the
government discussed the annual report for 2006 of on implementation
of the state property privatization program 2006-07.

As Ashot Markosyan, Deputy Head of Department of State Property
Management, noted during the briefing after he sitting, the receipts
of the state budget from privatization totaled 455 million and 550
thousand AMD. 11 companies have been privatized in the reporting
period, out of which 4 by means of direct sale, 3 – by tender, 4 –
by auction.

27.5% of the privatized objects are the companies of the ministry of
culture and youth affairs, and 9% each are of the ministry of trade and
economic development, health, agriculture. 45.5% are those companies,
the powers of management of which shares have been transferred to
the Department of State Property Management adjunct to the Government.

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