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Home Europe

Budget of Azerbaijan’s Nakhchivan reaping rewards from state property lease

9 January 2025
in Europe
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Budget of Azerbaijan’s Nakhchivan reaping rewards from state property lease
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Shorouk Express

BAKU, Azerbaijan, January 9. A sum of 538.1
thousand manats was paid to the budget of Nakhchivan Autonomous
Republic last year from leasing out state property.

The data obtained by Trend from the Ministry of Economy shows that this
represents a remarkable increase of 87.6 percent compared to the
prior year.

To note, a total of 147 lease contracts pertaining to immovable
state assets were executed in the fiscal year 2024, while an
additional 171 lease agreements were extended for continued
occupancy.

Stay up-to-date with more news on Trend News
Agency’s WhatsApp channel

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Tags: AzerbaijansBudgetleaseNakhchivanpropertyreapingrewardsState
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