At the December 13 auction 26 state objects were privatized, including 11 vehicles.
As a result of trades, sale and purchase agreements for a total amount of 4.3 million AZN were signed, the press service of the State Committee for Property Affairs.
The next auction will be held on December 20, regarding 58 non-residential premises, small businesses and facilities.
Since July of this year evaluation of privatized objects has been based on the real estate prices formed at the market. Some of the objects do not find an investor at the first attempt. Prior to this, between the real price and the starting price of privatized objects there was multiple difference, and the objects were sold at the first attempt without any competition. ------08D
Economics
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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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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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