72 state properties to be put for sale
By Rashid Shirinov
Azerbaijan's State Committee on Property Issues will hold another auction for privatization of state objects and enterprises on January 17, 2017.
The auction will put on sale 72 state properties, including 20 joint stock companies, 21 small enterprises and facilities, 30 non-residential areas, and an unfinished building, the Committee informed on December 19.
The facilities put up for auction are located both in Baku and regions of the country. Their activities cover the areas of repair, industry, public nutrition, food, agriculture, transport, construction, production, etc.
The most expensive objects and enterprises among them are a non-residential area in Sabunchu district of Baku ($608,650) and a shop ($364,630).
The third stage of privatization started in the framework of the presidential decree dated May 19, 2016. Under the decree, the acceleration of the state property privatization process has been defined as an important direction of the economic policy.
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.
The privatization process is designed to attract both foreign and local investors, as well as improve the business environment of Azerbaijan.
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Rashid Shirinov is AzerNews’ staff journalist, follow him on Twitter: @RashidShirinov
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