17:46 - 10.07.2026
July 10, Fineko/abc.az. The State Service for Property Issues continues its measures for the recovery and privatization of state-owned enterprises.
In this direction, investment competitions are considered as one of the important mechanisms for attracting investments in state property, restoring production potential, introducing modern technologies and creating new jobs.
The investment competition for the sale of the state-owned shares of Garadagh Glass Factory OJSC was completed on May 19. The winner of the competition is North West Construction LLC.
As part of the investment program, the winner must fulfill its obligations to carry out major repairs and renovations of the glass furnace and glass production equipment, as well as the purchase and installation of new production lines and glass forming equipment, and improve the infrastructure for electricity, gas, water, and sewage.
As a result of these investments, the company plans to create 200 new jobs.
