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“In 2021, the state-owned shares of 2 companies were prioritized through a classic auction and the state-owned share of 1 company was prioritized through direct sale. The funds received from the privatization amounted to 407 million 547 thousand AMD, out of which 294 million AMD was transferred at the expense of the privatization of the RA state budget, and 112 million AMD was transferred to the community budgets,” the Chairman of the State Property Management Committee of the Ministry of Territorial Administration and Infrastructure Arnak Avetisyan noted.

On June 10, the NA Standing Committee on Economic Affairs debated the issue on approving the 2021 annual report on the implementation of the Privatization of State Property program for 2017-2020.

The report includes information on privatization and liquidation transactions in 2021, budget revenues from privatization, as well as privatization results, according to the investments made in the individual companies and requirements for the profile maintenance.

Providing information on the commitments made by the new owners as a result of the privatization transactions and their implementation, Arnak Avetisyan noted that 5 commitments were made, out of which the profile maintenance obligations were fulfilled by 3 buyers, the profile maintenance obligations undertaken by 1 buyer were not fulfilled.

The document also reflects the information on the liquidation process and the liabilities repaid as a result. In the reporting year, 2 commercial organizations were found in the liquidation process. The liquidation process ended. “As a result of the liquidation process, about 4 million 152 thousand AMD of accounts payable was repaid,” Arnak Avetisyan informed.

An addition was made to the program in the reporting year – the Special Mountain Rescue Service CJSC was included in the list of the privatization program.

The Committee approved the debated report.

The bill on Amending the Civil Code of the Republic of Armenia authored by the deputy Gevorg Papoyan was debated in the second reading and endorsed.