Today, on December 20th there was an auction for sale of government houses and vehicles. According to the press service of the State Committee for Property Affairs, the auction sold 13 state-owned assets, including 3 small enterprises and facilities, 7 non-residential premises and 3 cars. Six privatized objects are located in Baku, and the rest is in the country.
On some of the objects the trading was in a competitive environment. In general, auction objects are sold at the starting price of a single investor.
According to the State Property Committee, on December 27th the last auction of this year will be held. Eighty-one houses have been put up for the auction. -----08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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