Azerbaijan’s State Committee on Property Issues will hold another auction for privatization of the state property on May 16.

The auction will take place in the Auctions Center of the State Property Issues Committee of Azerbaijan.

As many as 212 state properties (22 joint stock companies, 116 small enterprises and 74 non-residential areas) - will be put up for auction.

The joint stock companies offered for privatization are located in Baku, Barda, Kurdamir, Salyan, Sabirabad, Lerik, Agdash, Tartar and other eight regions of the country. They cover the spheres of industry, transport, repair, poultry, food, and others. The authorized capital of these companies varies between $5,400 and $537,000.