Azernews.Az

By Amina Nazarli

Seventy-three more state facilities were put up for privatization in Azerbaijan, the State Committee for Property Affairs reported.

Some 30 percent of stakes in 25 joint stock companies operating in various sectors of the economy were put on sale.

In addition 16 vehicles and 32 small state enterprises and facilities also were offered for privatization.

Total value of the companies put up for sale with a 50-percent discount exceeds 1.76 million manats ($1.07 million). These companies operate in different sectors of the economy, including the agriculture, industry, construction, transport and services sectors.

A complete list of state facilities put up for sale can be found at http://privatization.az/index.php/az/sas-s-hif/2016-05-24-10-18-36/mue-ssis-l-r/uemumi-siyah portal.

Most part of mall state enterprises and objects to be privatized are located in Sabunchu, Garadagh and Khazar districts of Baku, as well as in Absheron, Sumgayit, Mingachevir and Sheki regions of the country.

Follow the link for more detailed http://privatization.az/index.php/az/sas-s-hif/2016-05-24-10-18-36/kidzhik-doevlaet-muaessisae-vae-obyektlaeri

The portal was designed in two languages - Azerbaijani and English, which allows foreign investors to actively participate in the privatization process. In addition, the portal has a special section called “Why Azerbaijan?” that explains foreign investors why they should invest in the country.

Recently, seventy-one state facilities were put up for privatization in Azerbaijan.

Last year more than 1,000 different public facilities were privatized in Azerbaijan. Some 685 small state enterprises and objects, unfinished buildings, vehicles, 456 land plots, and 20 joint stock companies were privatized. Moreover, 464 non-residential area and 298 plots of land were leased and five state-owned enterprises were privatized through investment competitions.

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Amina Nazarli is AzerNews’ staff journalist, follow her on Twitter: @amina_nazarli

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