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Azerbaijan holds new privatization auctions

BAKU, Azerbaijan,The State Service on Property Issues under Azerbaijan’s Ministry of Economy held regular auctions for state property privatization, Trend reports citing the Azerbaijani Ministry of Economy.

According to the ministry, 18 vehicles were privatized following the results of the auctions held on April 5-7.

As in previous auctions, great interest was shown in the purchase of vehicles. The offer for one of the vehicles exceeded the starting price by 1.92 times. VAZ 2106 car with a start price of 2,000 manat ($1,180) was purchased for 3,840 manat ($2,260).

Another VAZ 2106 car was bought for 5,650 manat ($3,320) with a starting price of 4,500 manat ($2,650).

Source: TREND News Agency