Tweet
1,994 SMALL AND MIDDLE COMPANIES PRIVATIZED IN ARMENIA AS OF OCTOBER 1 2006
Noyan Tapan
Nov 02 2006
YEREVAN, NOVEMBER 2, NOYAN TAPAN. At the November 2 sitting, the
Armenian government approved the report on privatization process
in Armenia in the third quarter of 2006, which was presented by the
head of the State Property Management Department adjunct to the RA
government. NT was informed about it from the RA Government Information
and PR Department. According to the report, as of October 1, 2006,
1,994 small and middle companies (10 of them - in 2006), 99 incomplete
construction and 7,298 "small" objects were privatized. 2 out of
the 7 companies offered in the quarter under review were privatized,
3 privatization agreements were signed. Out of 3 objects offered for
privatization through tender, a tender for a company and an incomplete
construction object was held (compared with 4 out of 13 objects in
the 3rd quarter 2005).
Agreements were signed with purchasers of 4 objects privatized by
direct sale (compared with 1 last year). 18 objects were offered
for privatization through auction, including shares of 3 companies:
all actions were held (compared with 4 and 1 last year). No "small"
objects were privatized (5 were privatized in the same period of
2005). According to the report, in the 3rd quarter of 2006, out
of 164 companies in the liquidation process, 3 were liquaidated,
another 3 were declared bankrupt.
Noyan Tapan
Nov 02 2006
YEREVAN, NOVEMBER 2, NOYAN TAPAN. At the November 2 sitting, the
Armenian government approved the report on privatization process
in Armenia in the third quarter of 2006, which was presented by the
head of the State Property Management Department adjunct to the RA
government. NT was informed about it from the RA Government Information
and PR Department. According to the report, as of October 1, 2006,
1,994 small and middle companies (10 of them - in 2006), 99 incomplete
construction and 7,298 "small" objects were privatized. 2 out of
the 7 companies offered in the quarter under review were privatized,
3 privatization agreements were signed. Out of 3 objects offered for
privatization through tender, a tender for a company and an incomplete
construction object was held (compared with 4 out of 13 objects in
the 3rd quarter 2005).
Agreements were signed with purchasers of 4 objects privatized by
direct sale (compared with 1 last year). 18 objects were offered
for privatization through auction, including shares of 3 companies:
all actions were held (compared with 4 and 1 last year). No "small"
objects were privatized (5 were privatized in the same period of
2005). According to the report, in the 3rd quarter of 2006, out
of 164 companies in the liquidation process, 3 were liquaidated,
another 3 were declared bankrupt.