Friday, 03 May 2002

ARMENIA FAILS TO MEET PRIVATIZATION TARGET FOR 2001

Published in News Digest

By empty (5/3/2002 issue of the CACI Analyst)

Buyers were found for only 75 percent of the 300 large and medium state-owned enterprises slated for privatization in 2001, State Property Minister David Vartanian told journalists in Yerevan on 2 May, RFE/RL\'s Armenian Service reported. As a result, Vartanian continued, revenues from privatization fell to 2.5 billion drams ($4.
Buyers were found for only 75 percent of the 300 large and medium state-owned enterprises slated for privatization in 2001, State Property Minister David Vartanian told journalists in Yerevan on 2 May, RFE/RL\'s Armenian Service reported. As a result, Vartanian continued, revenues from privatization fell to 2.5 billion drams ($4.5 million), which is just over half what was expected. The government failed last year to sell off the country\'s power-distribution system and its largest cement factory. (RFE/RL)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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