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Albania to put on sale 85 state-owned companies in 2015

Xinhua, June 26, 2015 Adjust font size:

The Albanian government will auction for sale about 85 state owned objects by the end of this year, the Albanian Ministry of Economy said on Thursday.

The head of the Privatization Directory, Zamir Stefani, declared that the ministry has compiled the privatization documents for 45 objects.

The ministry will also sell the shares of Albtelecom Telecommunication Company, which is partially owned and currently under the administration of a Turkish company. The company privatized several years ago but the government still has shares in it.

Following the privatization policy, the Albanian government also announced the sale of INSIG insurance company shares, which currently is 100 percent owned by the state. Armo state owned Oil Company will also be a subject of privatization. Endit