BAKU, Azerbaijan, Nov. 21
By Eldar Janashvili – Trend:
The revenues from the privatization of state property were obtained by 10 percent more in November 2019 than it was forecasted in early 2019, Trend reports on Nov. 21 referring to the Azerbaijani State Committee on Property Affairs.
Thus, 87.6 million manat ($51.6 million) was transferred to the state budget through the state committee since the beginning of then year, while the forecast for revenues from privatization of state property amounted to 80 million manat ($47.1 million) in early 2019.
The implementation of innovations in the process of privatization of state property, the simplification of procedures and the implementation of e-methods have increased interest in this sphere, as well as increased the efficiency of the processes.
The process of filing electronic applications for participation in privatization auctions, including e-auctions, has directly affected this.
In particular, the committee held 125 auctions this year. Ten participants were registered online and 122 orders were made within these auctions.
This year, the shares of four joint-stock companies were also privatized through the investment contests.
(1 USD = 1.7 AZN on Nov. 21)
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