BAKU, Azerbaijan, November 24. The state budget of Azerbaijan received about 94.6 million manat ($55.6 million) from the privatization and rental of state property from January through October 2022, Trend report via the State Property Service.
During the accounting period, 53 auctions were held.
Shares of 14 joint-stock companies, 13 small state-owned enterprises, 2 unfinished objects, and 473 vehicles were privatized at auctions.
During the accounting period, a total of 352 electronic applications for state property put up for auction have been received, and 94 online applications through the Electronic Auction program have been made to participate in the auction. During this period, 24 mineral deposits were put into operation through auctions.
The state budget received about 73.3 million manat ($43.1 million) from privatization for ten months of this year.
The number of renting agreements has increased as a result of the control and educational activities carried out to ensure the effective use of state real estate and the leasing of objects.
A total of 3,340 new renting agreements were signed from January through October 2022, which is 2.8 times more than in the same period the previous year. Among them, 705 are for non-residential facilities and 2,635 for land plots.
A total payment of about 21.3 million manat ($12.5 million) from the lease of real state property was provided to the state budget from January through October 2022.