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Azerbaijan Introduces Online Privatization

The Azerbaijani State Committee on Property Issues has presented a new privatization portal - www.privatization.az.

"The portal will greatly facilitate the process of privatization and it will be possible to achieve more transparency in this area," said Rafig Jalilov, deputy chairman of the State Committee.

"All the information about the facilities to be privatized, their addresses, location and, finally, the initial cost, will be presented on the portal," he said. "Moreover, it will be possible to participate in online auctions via the portal."

The portal has been designed in two languages - Azerbaijani and English, allowing foreign investors to actively participate in the process of privatization.

The portal already has the information on two companies, the Dashkesan Mining and Processing Plant and Baku Electroavtomat OJSC, which are currently being privatized.

Source: News.Az 

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