Public property privatization program brings AMD 226mln to state  budget in 2017-2020

ArmInfo.The draft law on Approval of the Annual Report on the Implementation of the State Property Privatization Program for 2017-2020 for 2024 received a  positive conclusion from the parliamentary commission on economic  issues on September 2.

As Chairman of the State Property Management Committee Arnak  Avetisyan stated while presenting the draft law, during the reporting  period, the Government made decisions on the privatization of state  shares of 2 companies, of which the state shares of 1 company were  privatized through direct sale.

At the same time, the closed joint-stock company Airport of Emergency  Situations was excluded from the Ministry of Emergency Situations of  the Republic of Armenia> program and transferred for liquidation.

During the reporting period, the funds received from privatization  amounted to 321 million drams, of which 226 million drams were  directed to the state budget, and the rest to the community budgets.

Arnak Avetisyan also presented a report on the fulfillment of  obligations assumed under privatization agreements. As a result of  privatization transactions, 4 buyers fulfilled their profile  maintenance obligations assumed during 2024, and 1 buyer initiated  legal proceedings due to failure to fulfill the obligations assumed  under the agreement. Due to the failure of 1 buyer to fulfill the  profile maintenance obligation assumed under the agreement, a fine of  30 million drams was imposed. Legal proceedings were initiated to  collect this amount.

No liquidation process of companies was carried out during the  reporting period.

The bill will be included in the agenda of the upcoming regular  sessions of the National Assembly.