Companies across the regions, which have been idle for many years, are starting active work due to the new approach to the issues of state property privatization. One of such firms is Guba-based Shahdag Hotel.
Activities of manufacturing companies in the regions are being revitalized and the share of the private sector in the national economy is growing from day to day in compliance with Order #1003 dated July 19, 2016 “On Some Measures to Speed Up the Privatization of State Property and Increase Efficiency of its Management” signed by President of Azerbaijan Ilham Aliyev and the strategic roadmaps for development of the main sectors of the national economy.
The taken measures are boosting the social and economic development of the regions, new jobs are being created. Successful implementation of investment programs has enabled previously inactive firms and facilities to start manufacturing of competitive products and provide high-quality services.