Today.Az » Business » 157 state objects to be exhibited for sale
11 July 2018 [14:44] - Today.Az
By Sara Israfilbayova
The State Committee on Property Issues of Azerbaijan will hold next auction on privatization of state property on July 17, where 157 state objects will be put up for sale.
The auction will offer 19 joint-stock companies, 54 small state enterprises and 70 non-residential areas.
The State Committee on Property Issues of Azerbaijan held next auction on privatization of state property on July 10, during which 22 orders for 15 properties was made.
The State Committee on Property Issues has held 114 auctions since the beginning of the year, during which 350 state properties were privatized.
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.