BAKU, Azerbaijan, August 15. The State Service on Property Issues under the Ministry of Economy of Azerbaijan ensured nearly 113 million manat ($66.4 million) in revenues to the budget through privatization and leasing of state property during the first seven months of 2025.
The data obtained by Trend from the service shows that work on privatizing state property and organizing auctions continued in the reporting period.
Throughout this timeframe, the service conducted 26 auction
events, culminating in the divestiture of equity packages across
four joint-stock entities, one minor state-owned enterprise, and a
total of 500 automotive units.
In the interim, the fiscal influx from privatization initiatives
totaled 86 million manat, equating to approximately $50.5
million.
From January through July of the current fiscal year, the service
executed a total of 2,474 new lease agreements, comprising 406
pertaining to non-residential premises and 2,068 related to land
parcels.
The fiscal inflow generated from the leasing of state-owned real
property, encompassing non-residential units and land parcels,
totaled 26.9 million manat (equivalent to $15.8 million).
