Azerbaijan to auction over hundred state properties

Azerbaijan to auction over hundred state properties

The State Property Service under the Azerbaijani Ministry of Economy will hold an auction on January 19, 2021, Trend reports referring to the ministry.

According to the information, 103 facilities of state property will be put up for auction, including 25 small state enterprises and non-finished facilities, of which 78 are stock companies.

According to the service, everyone can take part in the auctions. In addition, persons interested in the process can observe the progress of the auctions, both in the Space for the provision of property services of the State Property Service, and using electronic resources.

Those wishing to take part in the auction on the official website of the service (emlak.gov.az) or on the privatization.az portal, after registering, must pay a deposit of 10 percent of the initial auction price of the property, thereby obtaining the status of a customer. On the day of the auction, the auction can be joined by selecting the "Electronic auction" section on the e-services portal (e-emdk.gov.az).

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