The State Service for Property Issues under the Ministry of Economy continues to hold auctions to speed up the privatization of state property and boost the efficiency of its management. At the regular auction for the privatization of state property, 1 unfinished building and 14 vehicles were privatized. In total, 40 applications for state property were received, 11 of them were implemented in electronic form.

Like the recent auctions, this auction was also competitive with great interest in the privatization of vehicles. So, the starting sale price of AZN 8,500 for HOWO trucks has increased to AZN 12,000. In addition, BMW vehicle with an initial opening price of AZN 2,500 was privatized for AZN 3,650.

The privatized unfinished building is located in Ismayilli.

AZN 251,200 will be paid to the state budget on the state property sold at this auction.

The list of state property privatized at the auction can be found at: (https://bit.ly/3Omt9Tp )  

Please be informed that two more auctions will take place in April.

Using the official website of the Service (emlak.gov.az) or the Privatization Portal (privatization.az), everyone can 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.