Azerbaijan privatizes several state property facilities through new auction

By Trend

The State Committee on Property Issues under the Azerbaijani Ministry of Economy held a new auction for privatization of state property, Trend reports referring to the committee.

According to the committee, during the auction 13 state property facilities were privatized, including 11 vehicles, one package of shares in a joint venture, and one small state enterprise.

In total, 44 requests were submitted for the state property put up for the privatization auction, four of which were submitted online.

The committee said that interested participants can visit the website for the provision of property services of the State Property Service of Azerbaijan on the day of the auction, as well as observe it without registration online.

All those wishing to partake in the auction on the official website of the committee (emlak.gov.az) or on the privatization portal (privatization.az) must, after registering, pay a deposit of 10 percent of the initial auction price of the object, thereby obtaining the status of the customer.

On the day of the auction, bidding can be joined by selecting the section ‘Electronic auction’ on the e-services portal (e-emdk.gov.az).

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