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Azerbaijan to hold new privatization auction

Economy Materials 15 April 2022 17:02
Azerbaijan to hold new privatization auction
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 15. The State Service on Property Issues under the Azerbaijani Ministry of Economy will hold a privatization auction on May 4, 2022, Trend reports via the ministry.

According to the ministry, 45 state property facilities, including 38 vehicles and seven joint-stock companies, will be put up for the auction.

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 state property.

Interested participants can also observe the auction online.

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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