Azerbaijan’s Economic Council and AIH Supervisory Board hold joint meeting

On June 13, the meeting, chaired by Ali Asadov, the Prime Minister of the Republic of Azerbaijan, discussed in detail the status of implementation of the tasks arising from the Order of the President of the Republic of Azerbaijan dated August 31, 2023, No. 4078, "On measures related to the attraction of private investments to the state-owned enterprises of the Republic of Azerbaijan". 

This included a review of the preparedness of state-owned enterprises (SOE) designated for private investment attraction, namely Azerikimya Production Union (Ethylene-Polyethylene plant), Carbamide plant, and Methanol plant which are subsidiaries of the State Oil Company of the Republic of Azerbaijan (SOCAR); Azerbaijan Caspian Shipping CJSC; AzerGold CJSC; ABB (International Bank of Azerbaijan)" OJSC; Baktelecom LLC and Aztelekom LLC under the Ministry of Digital Development and Transport of the Republic of Azerbaijan.

The meeting also covered commercial and financial analyses of SOEs, individual roadmaps for each enterprise, necessary legislative changes for attracting private investment, as well as public services for businesses and other current issues.

Reports were heard from the Minister of Economy, Mikayil Jabbarov; Minister of Digital Development and Transport, Rashad Nabiyev; and the CEO of Azerbaijan Investment Holding, Ruslan Alikhanov. The heads of SOEs also participated in the meeting.

At the end of the meeting, decisions were made on the discussed issues and relevant tasks were given to the relevant institutions and AIH Board, based on the feedback and suggestions from  Economic Council and AIH Supervisory Board.