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Azerbaijan names volume of revenues from privatization and rental of state property

Finance Materials 27 September 2022 09:30
Baku, Azerbaijan Trend News Agency
Azerbaijan names volume of revenues from privatization and rental of state property

The state budget of Azerbaijan received about 55 million manat ($32.3 million) from the privatization and rental of state property from January through August 2022, Trend report via the State Property Service.

In the reporting period, 45 privatization auctions were held.

Shares of 14 joint-stock companies, 11 small state-owned enterprises, 2 unfinished objects, and 375 cars were privatized at auctions.

A total of 270 electronic applications for state property put up for auction have been received and 69 online applications through the Electronic Auction program have been made to participate in the auction over the past seven months. During this period, 23 mineral deposits were put into operation through auctions.

The number of lease 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.

The state budget received about 38.2 million manat from privatization for eight months of this year.

A total of 2,487 new renting agreements were signed from January through August 2022, among them, 586 are for non-residential facilities and 2,261 for land plots.

A total payment of about 16.8 million manat ($9.8 million) from the lease of real state property was provided to the state budget from January through August 2022.

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