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ORDER OF THE PRESIDENT OF THE AZERBAIJAN REPUBLIC

of March 22, 2001 No. 647

About privatization of the companies of mechanical engineering industry

(as amended on 18-08-2023)

For the purpose of ensuring development of economy more in high gear and increases in its efficiency by liberalization of economy, expansion of entrepreneurship and investment attraction and according to "the II State program of privatization of state-owned property in the Azerbaijan Republic" I decide:

I. Declare open for privatization the following companies of mechanical engineering industry and joint businesses created with their participation:

1. Azerelektromash scientific and production association

2. Azerelektroterm scientific and production association

3. Bakkonditsioner scientific and production association

4. Azerelektroishyg production association

5. Azerdezgyakhsenaye production association

6. Azyolmash production association

7. Production association of "Plane trees"

8. Mingyachevirkomplekskheymash production association

9. Orbita-service production association

10. Elektrotsentrolit plant

11. State bearing plant No. 7

12. Baku plant of cars

13. Zeyamkendmash plant

14. Integration of maintenance "Muscovite"

15. Joint-stock joint business of the closed Hazar-Lada type

16. Baku limited liability company "Kamazavtomerkez"

II. To provide to the Ministry of Economics of the Azerbaijan Republic transformation to joint-stock companies of the scientific and production associations "Azerelektromash", "Azerelektroterm", "Bakkonditsioner" specified in Item 1 of this Order, head enterprises of production associations "Azerelektroishyg", "Azyolmash", "Chinar", the Elektrotsentrolit plant and the State bearing plant No. 7 and their sale through investment tender, and also privatization of the others in stipulated by the legislation procedure.

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