The State Committee on Property Issues, the seller of state assets in Azerbaijan (with the exception of the Nakhchivan Autonomous Republic), presented a report on the progress of privatization in the first half of this year. The scant information reflects only some summary figures and is silent about the existing problems.
For the six months of this year, there were privatized 490 small businesses, facilities, and vehicles. Contrary to the rules of evaluation units to be privatized, in most cases, the evaluation is carried out not by the market value and the net book value of the property is virtual. All objects are privatized at a starting price. At the auction for the sale of state property there is no competition. In the privatization of state property the capabilities of electronic treatment of applicants is not used.
The Chamber of Accounts, which controls the cash flows from the privatization of state property, has never provided information on control measures for this sphere. -0-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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