At the December 27 auction the State Committee for Property Affairs (SCPA) sold 20 state-owned assets, the SCPA press service reported.
The sale of a car, as well as the shares of one of the regional JSCs was held in the competitive environment. They went to those who had offered more of the starting value.
Overall, the auction sold 14 non-residential premises and small objects, 5 vehicles and 30% of shares of a JSC.
Since September 2016 SCPA has conducted 12 auctions, which exhibited some 700 state-owned facilities. -----08D
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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