BAKU, Azerbaijan, September 18. The State Service for Property Issues under the Ministry of Economy has held a total of 34 auctions from January through August 2025
Data obtained by Trend from the service indicates that this resulted in the privatization of stakes in 5 joint-stock companies, two small state enterprises, and 690 vehicles. Revenue from these privatizations amounted to 96.6 million manat ($56.8 million).
In addition, the State Service signed 3,154 new lease agreements during the same period, including 426 for non-residential properties and 2,728 for land plots. These leases contributed 30.3 million manat ($17.8 million) to the state budget.
Overall, the combined income from privatization and leasing of state property reached 126.9 million manat ($74.6 million) in the reporting period.
