LAW OF THE REPUBLIC OF ARMENIA

of June 27, 2017 No. ZR-95

About the privatization program of state-owned property for 2017-2020

Accepted by National Assembly of the Republic of Armenia on June 9, 2017

Article 1. The purposes of privatization of state-owned property of the Republic of Armenia for 2017-2020

1. The privatization program of state-owned property of the Republic of Armenia (further - state-owned property) for 2017-2020 (further - the program) is developed according to the Law of the Republic of Armenia "About privatization of state-owned property" and is directed to the solution of the tasks established by the main directions of social and economic development and tax and budget policy.

2. Main objectives of state policy in the field of privatization of state-owned property for 2017-2020 are:

1) stimulation of competitiveness and efficiency of national economy;

2) increase in efficiency of activities of the companies by privatization of the state share and improvement of competitive environment;

3) the choice of the buyer or investor performing effective economic activity thanks to use of tools and the forms of privatization (tender, direct sale and other) which are widely applied in the international practice during privatization of the company (object), privatizeable;

4) increase in specific weight of private equity in forming of GDP of the country and providing continuity of policy of privatization;

5) increase in the income state and local authority budgets at the expense of the means received from privatization of state-owned property.

Article 2. The basic concepts used in the Law

1. In this Law the following basic concepts are used

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info