In 2012, in Azerbaijan (excluding the Nakhchivan Autonomous Republic) there were privatized about 600 small enterprises and facilities, including vehicles. This is more than 30% less than in 2011 (897).
At a meeting in the State Committee on Property of the board meeting on the results of last year, it was noted that in 1012 accelerated the privatization of land under privatized enterprises and facilities. There were sold about 620 plots. In the previous year the figure was 540.
In a press release the Committee reported that 53 of the ongoing financial and specialized cash auctions were sold stakes in 32 JSC. Plants privatized by an investment tender are not reported. It is mentioned that in this way the privatized enterprises have been invested about 160 million manat.
At the beginning of this year at the disposal of the Committee were 95 state-owned enterprises, and state-owned shares were in 313 JSC. According to the data, public property is approximately 6,000 companies and organizations. The Committee at the beginning of 2013 controls 27,119 plots of land belonging to the public domain. All under these facilities are 113 527.65 ha. Information on these plots, and real estate on them, entered into the database of electronic inventory of real property. By January 1, 2013 there were prepared extracts of the land register about 16,930 land plots or 83 925.32 hectares. -08D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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