Azernews.Az

By Sara Israfilbayova

The State Committee on Property Issues of Azerbaijan to hold next auction on privatization of state property on June 27, where 114 state objects will be put up for sale.

The auction will offer 24 joint-stock companies, 31 small state enterprises, 23 non-residential areas and 36 vehicles.

Twenty-one of non-residential areas are located in Baku, the remaining two-in Ganja and Mingachevir.

Eleven of small state enterprises are located in Baku, 20-in other cities and regions of the country.

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.

Moreover, the State Committee on Property Issues held the first electronic auction on 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.

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Sara Israfilbayova is AzerNews’ staff journalist, follow her on Twitter: @Sara_999Is

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