AMD 450.3MLN, $50,000 STATE PROPERTY PRIVATIZED IN ARMENIA IN JAN-SEPT 2006

ARKA News Agency, Armenia
Nov 3 2006

YEREVAN, November 3. /ARKA/. State property worth a total of AMD
450.3mln and $50,000 was privatized in Armenia in January-September
2006.

The RA Statistical Service reports that receipts from the privatization
of companies totaled AMD 376.3mln and $50,000, from incomplete
construction projects AMD 11.2mln, from "small" facilities AMD
62.8mln. During the period under review, the governmental shares in
ten companies were privatized, six by means of direct sale, two on a
competitive basis, and two by auctions. Six incomplete construction
projects and three "small" projects were privatized.

Over AMD 3.7bln and $931.2ths are expected to be received. AMD 1.2bln
and $931.2ths of them are receipts from the privatization of companies,
AMD 2.5bln from incomplete construction projects, and AMD 2.5bln from
"small" facilities.