20 state-owned properties were privatized at the regular auction organized by the State Service for Property Issues under the Ministry of Economy of the Republic of Azerbaijan on March 30. The privatized properties include 4 small-scale state enterprises, 15 vehicles and 1 joint stock company. In a competitive auction, a total of 42 orders were placed.

Note that the privatized small-scale state enterprises are located in Baku and Gusar. A block of shares of “Yevlakh Kendtechizat” Open Joint-Stock Company was also sold at the auction.

A list of state properties privatized at the auction can be found here: (https://bit.ly/3u7D6ZU)

Those wishing to register for the auctions can go to the official website of the Service (emlak.gov.az) or the Privatization Portal (privatization.az). In order to take part in the auction and obtain the customer status, the advance payment shall be made in the amount of 10% of initial auction price of selected property. Customers also have the option to join online auctions.

Those interested in the process can visit the Property Services Space on the day of auction and watch the auctions without registration by selecting the Electronic Auction section from the Electronic Services Portal (e-emlak.gov.az).