Azernews.Az

By Rashid Shirinov

A total of 30 state properties were sold on January 10 at the first auction of 2017 under the new privatization program.

The auction was held by Azerbaijan's State Committee on Property Issues. The privatized state objects included six small enterprises and facilities, 14 non-residential areas, nine vehicles and one equipment.

Privatization of these state objects will add $610,000 to the state budget.

A total of 14 of the privatized state properties are located in Baku, while others are in other cities and regions of Azerbaijan.

The list of these objects is available at http://privatization.az/index.php/az/sas-s-hif/mue-ssis-l-r#

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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