BAKU, Azerbaijan, May 5. The State Service on Property Issues under Azerbaijan's Ministry of Economy held a regular auction for state property privatization on May 4, Trend reports citing the ministry.
According to the ministry, 19 vehicles and two packages of a joint-stock company’s shares 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 3.11 times. KamAZ truck with a start price of 2,000 manat ($1,176) was purchased for 6,220 manat ($3,660).
Another vehicle (BMW car) was bought for 9,700 manat ($5,710) with a starting price of 6,250 manat ($3,680).
The next auction will be held on May 10.