Azernews.Az

By Leman Mammadova

Azerbaijan’s State Committee for Property Affairs will hold the next auction on the privatization of 92 state facilities on April 30, Trend reports referring to the committee.

Some 22 joint-stock companies, 49 are small state-owned enterprises, 11 are non-residential areas, 3 are unfinished buildings, and 7 vehicles will be put up for privatization.

Facilities focusing on construction and agrarian spheres, services, etc. are among the state facilities to be privatized.

Six of the non-residential areas are located in Baku, and 5 in Sumgayit.

Government facilities operating in construction, transport, agricultural and other economic spheres are located in Yevlakh, Beylagan, and Ismayilli.

Cars of such brands as Nissan, Qaz, and Kia produced in 1998-2007 will be also put up for the auction.

The preliminary auction price for cars varies between 1,500-7,000 manats ($883-$4,119).

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 aimed at facilitation of the process. The website is available in two languages - Azerbaijani and English.

The privatization process is designed to attract both foreign and local investors, as well as improve the business environment of Azerbaijan. “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 Affairs held the first electronic auction on July 4, 2017.

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 State Committee on Property Issues was established on May 19, 2009 on the basis of the relevant presidential decree.

The main activities of the State Committee are the management of state property, attraction of investments, maintenance of a single cadastre of immovable property, maintenance of a land cadastre, organization of a land market, protection and improvement of land quality.

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