115 state objects to be put up for privatization in Azerbaijan

The next auction for privatization of state-owned properties will be held on December 27.

A total of 115 objects of state property, including 24 joint-stock companies, 24 small enterprises and properties, 57 non-residential areas and 10 vehicles, will be offered to investors.

Most of small enterprises will be privatized together with the lands, on which they are located. These enterprises are located in Baku, Ganja, Sumgait, Shirvan, Lankaran, Balakan and other regions.

The objects put up for privatization include such enterprises as Mingachevir plant for production of sand and gravel, Sabunchu enterprise for trade and logistics, Tovuz enterprise of household services and others.

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More state objects privatized

A total of 26 state-owned properties were sold on December 13 during the auction of Azerbaijan’s State Committee on Property Issues.

One small state object and two unused non-residential areas are located in Baku, one object in Ganja, two objects in Sheki, one object in Zagatala, two unused non-residential area in Sumgait, two in Goychay, one in Agdash and one in Fuzuli.

As a result of privatization of these facilities, the state budget will receive 4.3 million manats ($2.4 million).

At the next auction to be held on December 20, some 84 state property objects will be put on display for privatization.

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Recexpo ,International Real Estate and Investment Exhibition due in Baku

Recexpo, a unique sectoral exhibition in International Real Estate and Investment sector, will be held on November 22-24 2016 at Baku Expo Center, Azerbaijan.

The exhibition is co-organized through successful cooperation of the Azerbaijani State Committee on Property Issues and Elan Expo, whose portfolio counts for more than 30 exhibitions annually and covers most dynamic sectors in the region.

Recexpo is considered a meeting point for those seeking to make property investments from various regions of Azerbaijan and other countries of the region, a great place to see and compare real estate projects from all over the world.

Exclusive International Real Estate Projects from 10 Different Countries

Recexpo, International Real Estate And Investment Exhibition, will host the most
privileged  real estate projects from 10 different country such as ,Azerbaijan, Turkey, U.A.E, Russia, Spain, Portugal, Georgia, Croatia, Hungary, Cyprus. As the leading real estate organization for the real estate and investment industry in Azerbaijan, Recexpo has always been an ideal platform for the exhibitors to present their latest projects.

The Most Comprehensive and Important Real Estate Event of Azerbaijan

Recexpo, is the most important international real estate event of the 2016 for Azerbaijan. Baku White City,  Xəyal Adası, Dreamland, AAF Park, AF Holding, Şərur İnşaat, Kristal Abşeron, Azinko and Yeni Həyat are just some of the most important real estate companies from Azerbaijan which are going to take place at Recexpo, International Real Estate Investment.

Special Campaigns and Discounts for Real Estate are Waiting for You!

Recexpo, helps you to compare the international real estate projects.  Visitors will have a chance to have B2B meetings with sector leaders. There also will be special campaigns, surprise gifts, and discounts.

If you want to be a part of this lucrative project please visit  Recexpo between 10.00 and18.00 on November 22-24 in Baku Expo Center.

Almost 20 state objects privatized in Azerbaijan

A total of 19 state-owned properties were sold on November 29 during the auction of Azerbaijan’s State Committee on Property Issues.

Three small state objects and one unused non-residential area are located in Baku, one is in Ganja, two in Tovuz, and two unused non-residential areas are in Goychay. The privatized joint-stock companies Metalqab and Zaqatala Kəndkimya are large industrial enterprises.

As a result of privatization of these facilities, the state budget will receive 500,000 manats ($287,000).  

Next auction, which will take place on December 6, will cover 100 objects of state property.

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Essential innovations in the field of privatization of state property in Azerbaijan

The essential innovations have been applied within acceleration and increasing of efficiency of privatization of state property in Azerbaijan. The numerous state enterprises and objects have been nominated to be privatized according to the decision of the State Committee on Property Issues (SCPI).

These measures are being implemented in accordance with the Presidential Decree as of 19 July 2016 “On Some Measures Related to Acceleration of Privatization and Increasing of Efficiency of Management of State Property” and other appropriate assignments by Mr. Ilham Aliyev, President of the Republic of Azerbaijan. 

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