ECONOMY
“BIRLIK” OWNS “BAKU STEEL” COMPANY
Summing up the investment competition on share sale of the joint stock “Baku Steel” Company was held in the management and state property privatization department of the Ministry of Economic Development.
In accordance with the decision of competition commission small enterprise “Birlik” have won the competition, Ministry’s press-service reports. According to with the competition terms, ”Birlik” is to transfer 1,8 billion manat to the state budget within 30 days after the signing day of the purchase and sale agreement and submit 30 thousand vouchers to the management and state property privatization department and transfer 300 million manat to the account of the “Baku Steel” for the implementation of early-satge works envisaged in the investment program. Besides, “Birlik” has to meet its obligations on a four-stage investments amounted of 10 billion manat within 24 months.
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