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Time in Yerevan: 11:07,   29 March 2024

Process of privatizing state property to be discussed in government next week

Process of privatizing state property to be discussed in government next week

YEREVAN, MARCH 30, ARMENPRESS. The State Property Management Department (SPMD) of Armenia has submitted a notification to the Government on the process of privatizing state property and the expected resources, deputy head of the SPMD Ashot Markosyan said at the Cabinet meeting in response to PM Karapetyan’s inquiry.

“The notification is fully prepared and also includes the opportunities as result of changes in the legislative field, which can increase state budget revenues”, Markosyan said.

The PM tasked chief of staff of the government, minister Davit Harutyunyan to organize a consultation next week on discussing the presented materials. Afterwards the PM inquired whether or not they are working with the Central Bank in order for the privatization process to be implemented in the capital market.

Ashot Markosyan said they do work with the Central Bank and according to initial evaluation three enterprises can be privatized through the stock exchange market.

The PM tasked to form a specific assignment next week in order to advance the process.

 

 








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