On the November 22th auction 16 properties were privatized, due to which the state budget received 2.1 million manat, the State Committee on Property Affairs (SCPA) said. Investors showed interest mainly to objects in Baku (7).
During the auction shares of two ginneries in the Barda and Saatli regions were sold.
Recall that the government intends to privatize at least 2,800 houses over the next 3-5 years.
Certificates of ownership of property at auctions are issued to investors in a few days to conclude the contract for the sale of the property.
Auctions are held on Tuesdays. Since July this year, properties put up for auction are valued at market value. The SCPA assures investors that the auctions for the sale of state property are carried out transparently. Any investor can participate.
Previous auctions for the sale of state property were carried out in a non-competitive environment. The objects were sold to the parties agreed in advance. ----08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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