The State Committee for Property Affairs (SPC) of Azerbaijan has integrated 4 more forms of e - services in the portal of "electronic government", according to the portal site.
Among these services there are "Deadline for sale at auction of objects to be privatized as the unfinished construction", "Deadline for sale of shares through cash auctions of large and medium-sized state-owned enterprises transformed into joint-stock company ", "Applications for sale on cash auctions of small enterprises ( objects)," "Deadline for sale at cash auctions of unused non-residential areas at the disposal of local authorities as well as built on state funds and located in residential buildings."
The information indicates that these electronic services determine the procedure for registration of the auction participants and making a deposit of 10 % of the privatized property and pre-emptive right to participate in the auction. -17D-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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