14 Companies Privatized in Second Quarter in Armenia

YEREVAN, August 6 (Noyan Tapan). 14 companies were privatized in the
second quarter of 2004 in Armenia against 31 ones privatized in the
same period of the previous year. According to Karine Kirakosian, the
Head of the State Property Department attached to the RA government,
18 companies were submitted for privatization through a tender. Tenders
on 14 out of them didn't take place. 3 companies were privatized by
the system of a classical auction and 8 companies by the system of a
direct sale. 4 entities of incomplete construction were privatized in
the period under review, 3 out of them in the form of a direct sale, 1
through a tender. As of July 1 2004 1,894 small and medium
enterprises, 7,226 "small" entities and 77 entities of incomplete
construction were privatized.