BAKU, Azerbaijan, July 26. The State Service for Property Affairs under the Ministry of Economy of Azerbaijan has ensured payment of 75 million manat ($44.1 million) from privatization to the state budget in the first half of this year, Trend reports.
According to the information, this is 24 percent more than in the same period last year.
A total of 29 auctions were held during the period mentioned. At the auctions, packages of shares of four joint stock companies, six small state enterprises, and 412 vehicles were sold. Over the first six months of this year, 305 electronic applications for participation in auctions on the privatization of state property were accepted, and 38 online connections were made for participation in auctions through the software “Electronic Auction”.
Baku Aluminum Profile LLC was privatized through an investment tender during this period. In addition, an investment competition was announced for the privatization of “Baku Marble Granite” LLC. Currently, the tender commission is evaluating the bids.