145 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 January 16, where 145 state objects will be put up for sale.
The auction will offer 68 small state enterprises, 49 non-residential areas, 25 joint-stock companies and three vehicles.
The small state enterprises are located in Baku, Ismayilli, Salyan, Neftchala, Imishli, Aghjabadi, Yevlakh and other cities and regions of the country.
Thirty-six of the non-residential areas to be put up for the auction are located in the capital city, the rest-in other regions of the city.
The joint-stock companies, put up for the auction, include enterprises specializing in poultry farming, agriculture, transport, construction, repair, trade, production, processing and others.
In order to buy property at auction two procedures must be passed: Firstly, it must be made an order through the website of the State Committee (www.e-emdk.gov.az) and secondly, 10 percent of the lot value must be paid.
Moreover, the State Committee on Property Issues holds electronic auctions starting from 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.
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 develop the business environment of Azerbaijan.
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