Shahin Babayev, CEO of AZCON Holding, stated that one of the main goals is to prepare entities operating in transport, telecommunications, and digital sectors for privatization.
In an interview with Report, Babayev noted that the holding aims to ensure the institutional development of these entities, increase operational efficiency and competitiveness.
Babayev emphasized that a key factor in establishing the holding was reducing the burden on the state budget. Previously, these entities received subsidies and investment payments from the state budget. The new structure aims to use these funds more efficiently and ensure return on investments.
A third important factor is improving access to financial resources. Babayev said that previously it was difficult to implement large investment projects individually, but within the holding this will become possible.
