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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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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