|
Azerbaijan Privatization
From the earliest days of Azerbaijan's independence, the
country had a vigorous, small-scale private economy whose most
urgent need was unambiguous legislation that would legitimize its
operations and allow expansion. A privatization law passed in
January 1993 was not implemented fully in the year following.
Privatization plans envisioned sales, auctions, and joint stock
enterprises. Small retail establishments would be privatized by
auction, and medium-sized and large enterprises would be
privatized by a combination of auctions and joint stock programs.
Retail establishments were supposed to be privatized fully by the
end of 1993, but this goal was not met. Housing was also to be
privatized by transferring ownership to the present tenants. At
the end of 1993, land redistribution was stalled by disagreement
over the choice between private ownership and long-term
leaseholding; over optimum terms for either of those
arrangements; and over the distribution of agricultural
equipment.
Data as of March 1994
|
