13 state objects sold at auction
By Rashid Shirinov
A total of 13 state properties were sold on December 20 at the auction for privatization of state objects in Azerbaijan.
The auction was held by Azerbaijan's State Committee on Property Issues. The privatized state objects included three small enterprises and facilities, seven non-residential areas, and three vehicles.
One of the privatized small facilities is located in Baku, while other two are in Tartar and Zagatala regions. As for the non-residential areas, five are in Baku, and two others are located in Agjabadi and Oghuz regions.
The most expensive out of the privatized objects was a pavilion in the Nasimi district of Baku – it was sold for $140,000.
The Committee informed that the next auction will be held on December 27. It will involve 115 state objects, which are 24 joint stock companies, 57 non-residential areas, 24 small enterprises and facilities, as well as 10 vehicles.
The list of these object is available at http://www.privatization.az/index.php/az/component/content/article?layout=edit&id=1032
The third stage of privatization in Azerbaijan 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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