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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Starting today, manufacturers and sellers of food and agricultural products can submit offers on the website tedaruk.az, aligning with public procurement requirements for 2025. The submission window will remain open until September 1.
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Recent reports and interviews indicate a noticeable rise in tomato prices in Azerbaijan over the past few months, primarily driven by market monopolies rather than external factors such as fuel costs or weather conditions.
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Azerbaijan's agricultural sector produced goods worth 6 billion 19 million manats in the first half of 2024, a 0.3% increase compared to the same period last year, according to a report by the State Statistics Committee (SCC). The report highlights a mixed performance across various agricultural segments, with livestock production seeing gains and crop production experiencing a decline.
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On July 30, the Cabinet of Ministers of the Republic of Azerbaijan has approved new regulations enabling taxpayers to access specific information about other taxpayers held by the tax authority, according to a decision guided by the eighth paragraph of Article 119 of the Constitution. This move is intended to implement subparagraph 2023 of the presidential decree dated December 5, 1033-VIQD, which introduced amendments to the tax code.
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