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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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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