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14 Companies Privatized in Second Quarter in Armenia

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  • 14 Companies Privatized in Second Quarter in Armenia

    14 COMPANIES PRIVATIZED IN SECOND QUARTER IN ARMENIA

    YEREVAN, August 6 (Noyan Tapan). 14 companies were privatized in the
    second quarter of 2004 in Armenia against 31 ones privatized in the
    same period of the previous year. According to Karine Kirakosian, the
    Head of the State Property Department attached to the RA government,
    18 companies were submitted for privatization through a tender. Tenders
    on 14 out of them didn't take place. 3 companies were privatized by
    the system of a classical auction and 8 companies by the system of a
    direct sale. 4 entities of incomplete construction were privatized in
    the period under review, 3 out of them in the form of a direct sale, 1
    through a tender. As of July 1 2004 1,894 small and medium
    enterprises, 7,226 "small" entities and 77 entities of incomplete
    construction were privatized.
    From: Baghdasarian
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