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Committee to put up 79 state properties for privatization

23 January 2017 [16:31] - TODAY.AZ

By Azernews


By Amina Nazarli

The State Property Issues Committee of Azerbaijan will hold next auction on state property privatization on February 21.

The auction will take place in the Auctions Center of the Committee.

Seventy-nine state properties including 22 joint stock companies, 19 small enterprises and facilities, 35 unused non-residential areas and three vehicles will be put up for the auction.

The activity of the joint stock companies to be put up for privatization cover the areas of construction, industry, agriculture, transport and others.

The small enterprises to be put up for the auction are located in Samukh, Beylagan, Goranboy and Barda regions, Siyazan city, as well as Sabunchu and Garadagh regions of Baku.

The main part of unused non-residential areas is located in Baku. The non-residential area located in the Yasamal district of Baku is the most expensive among them. This area’s starting price is 520,000 manats ($27,760).

The privatization process is designed to attract both foreign and local investors, as well as improve the business environment of Azerbaijan.

The third stage of privatization in Azerbaijan started in the framework of the presidential decree dated May 19, 2016. Under the decree, the acceleration of the state property privatization process has been defined as an important direction of the economic policy.

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.


URL: http://www.today.az/news/business/157969.html

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