The State Committee for Property Affairs has announced an auction as part of large-scale privatization process, the State Committee said.
According to Turan, put up for auction are 30% of the shares of 25 joint-stock companies, 32 small state enterprises and objects, and 16 vehicles.
The activities of the corporations to be privatized include agriculture, industry, construction, transport and services.
Small state enterprises and objects are mostly located in the Sabunchu, Khazar and Garadagh districts of Baku. At the same time, the privatization of some of the objects will regard Absheron, Sumgait, Mingechevir and Sheki.
It is noteworthy that the list of small state enterprises and objects to be privatized mainly includes a number of shops and a teahouse.
A source in the State Committee noted that the auction for the privatization is carried out by President Ilham Aliyev's decree dated July 19, 2016 "On measures to increase management efficiency and speed up the privatization of state property."
The committee reported that the gradual privatization of state assets will continue. ------75D
Economics
-
Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
-
Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
-
Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
-
Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
Leave a review