Bank Of Baku

Government may write off old debts of privatized enterprises

Government may write off old debts of privatized enterprises
# 19 December 2006 10:05 (UTC +04:00)
The Government of Azerbaijan can consider write-off of the old debts of the privatized enterprises Industry and Energy Minister Natig Aliyev said, APA reports.
He said that there is no concrete plan for the write-off at present.
“But, the Government may consider such proposals, studying whether they have shareholder, their business plan, financial mechanism,� he said.
The Ministry helps companies attract foreign investment, import modern technologies and have dialogue with foreign companies. /APA/
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