Bank Of Baku

Azerbaijan to determine procedure for exchanging state property for private property

Azerbaijan to determine procedure for exchanging state property for private property
# 17 August 2026 12:24 (UTC +04:00)

The procedure for the exchange of state-owned property, including land plots, for privately owned property or land plots, respectively, by mutual agreement will be determined, APA reports.

This is reflected in President Ilham Aliyev’s Decree on the implementation of the Law “On Amendments to the Land Code of the Republic of Azerbaijan, the Civil Code of the Republic of Azerbaijan and the Law of the Republic of Azerbaijan ‘On Valuation Activity’.”

According to the Decree, the Cabinet of Ministers must, within five months and in coordination with the President of the Republic of Azerbaijan, approve the procedure for the exchange of state-owned property, including land plots, for privately owned property or land plots, respectively, by mutual agreement.

 

 

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THE OPERATION IS BEING PERFORMED