101 state objects to be put up for sale
By Sara Israfilbayova
The State Committee on Property Issues of Azerbaijan will hold next auction on privatization of state property on September 26.
The auction will offer 101 state objects, of which 25 are joint-stock companies, 15-small state enterprises, 50-non-residential areas and 11-vehicles.
In Baku were privatized 47 of non-residential areas, the rest-in Ganja, Sumgayit and Mingachevir.
The privatization process is designed to attract both foreign and local investors, as well as develop the business environment of Azerbaijan.
The portal for privatization – privatization.az, launched in July 2016, reflects all necessary information about the facilities, their addresses, location, and even initial cost and aims at facilitation of the process. The website is available in two languages - Azerbaijani and English. “Why Azerbaijan is special” section available on the website explains the reasons and advantages of investing in the country.
Moreover, the State Committee on Property Issues held the first electronic auction on July 4.
The "electronic auction" service, which is available on the website privatization.az, combines the privatization procedure of vehicles and equipment. In the future, it will be possible to privatize small state enterprises and facilities, joint-stock companies through electronic auction. Now, the corresponding work in programming is being implemented.
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