The State Service for Property Issues under the Ministry of Economy of Azerbaijan will hold an auction on October 05, 2021. 20 state-owned properties will be put up for auction, which includes 18 small-scale state enterprises and 2 unfinished buildings.

Small-scale state enterprises and facilities include government property such as shops, auxiliary facilities, workshops, and liquefied gas marketplaces that may be of interest to investors. Most of the enterprises will be privatized along with the plot of land. Unfinished buildings are located in the Khachmaz and Shamakhi regions.

A complete list of state properties to be privatized can be found here: (https://bit.ly/3DTbi16)

Those wishing to take part in the privatization auctions can go to the official website of the Service (emlak.gov.az) or the Privatization Portal (privatization.az) and make a choice on the state property put up for auction. By selecting the relevant auction service from the Electronic Services Portal (e-emlak.gov.az), it is possible to register for the auction and obtain the customer status after making the advance payment in the amount of 10% of initial auction price of selected property. Customers can also join the auctions online.

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) of the State Service for Property Issues.