State property units privatized in Azerbaijan

By  Trend

Thirty six state property units were sold as part of the first auction held by the Azerbaijani State Committee on Property Issues September 14 within the new privatization program in the country.

As a result, some 1.8 million manats (official exchange rate is 1.6390 AZN/USD as of Sept. 14) will be transferred to the country’s state budget.

More on privatization in Azerbaijan here: http://privatization.az/index.php/en/

The third stage of privatization started as part of Azerbaijani President Ilham Aliyev’s decree on additional measures to improve the state property privatization process dated May 19, 2016, as well as the president’s decree on some measures to improve the management efficiency and speed up the state property privatization process dated July 19, 2016.

According to the decree, the acceleration of the state property privatization process has been defined as an important direction of the economic policy.