Azerbaijan Notes Growth In State Budget Revenues From Privatization
Date
7/26/2024 7:19:13 AM
(MENAFN- Trend News Agency)
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.
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