Claim: The privatization in Azerbaijan—the process of transferring the number of state properties to private property which was due to the economic reforms being aimed by the Azerbaijan government—has a first stage with describes the implementation of the State Program on Privatization of State Property in Azerbaijan wherein rapid privatization of small enterprises and the corporation of medium and large enterprises is characterized in this period.
Evidence: "Privatization in Azerbaijan" is the process of transferring the number of state properties to private property, through the law adopted by the Republic of Azerbaijan. After the collapse of the Soviet Union, the people of Azerbaijan gained independence, the government undertook economic reforms aimed at the application of market mechanisms in the economy. The first stage describes the implementation of the State Program on Privatization of State Property in Azerbaijan during 1995-1998. This period is characterized by the rapid privatization of small enterprises and the corporation of medium and large enterprises. Free distribution of privatization shares to all citizens of the country born before January 1, 1996, also took place during this period.