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Azerbaijan holds regular privatization auction

Economy Materials 20 April 2022 10:57
Azerbaijan holds regular privatization auction
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 20. The State Service on Property Issues under Azerbaijan's Ministry of Economy held a regular auction for state property privatization, Trend reports citing the ministry.

According to the ministry, 14 vehicles and one unfinished building (which is located in the Ismayilli district) were privatized following the auction results.

As in previous auctions, great interest was shown in the purchase of vehicles. The offer for one of the vehicles exceeded the starting price by 1.41 times. HOWO car with a start price of 8,500 manat ($5,000) was purchased for 12,000 manat ($7,060).

Another car (BMW) was bought for 3,650 manat ($2,150) with a starting price of 2,500 manat ($1,470).

According to the results of the auction, 251,200 manat ($147,760) is expected to be paid to the state budget.

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