On September 14th in Baku and regional branches of the Auction center for the auctions will take place the sale of 30 small objects, the total market value of which is estimated at 562,300 manat. According to the State Committee for Property (SCP), investors are offered a total area of 2753.4 square meters. Thus, one square meter of area of the object is estimated at an average of 204 manat. Baku investors have been presented a choice of 18 objects: mainly objects of trade (22), catering, etc., are located in the cities of Ganja, Shirvan, Yevlakh and Sheki, Akhsu and Hajigabul regions. It should be noted that on August 5th the SCP held quotation poll to assess 30 sites. The winner of the public procurement has not been announced. Perhaps, the talk is about the assessment of objects offered for sale. In 2015 the SCP privatized 514 small enterprises and facilities; 8.424.000 were transferred to the state budget, by 15.6% more than in the previous year. 08D
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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