Privatization revenues drop 14.6% in first seven Months
Qabil Ashirov
Read moreFrom January to July this year, revenues from the privatization of state property through the State Service for Property Issues (SSPI) under the Ministry of Economy reached ₼86 million ($49 million), Azernews reports, citing the Service.
This represents a 14.6% decline compared to the same period last year.
During the reporting period, the government conducted 26 auctions, down 25.7% from a year earlier. At these auctions, shares of four joint-stock companies were sold (20% fewer than the previous year), one small state enterprise (six times less), and 500 vehicles (7.5% more) were privatized.
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