In 2023, funds received from state property management amounted to 15.4 billion drams, which is 72 percent more than last year.

At its meeting today, May 23, the government approved the draft decision on the annual report of the State Property Management Program for 2023. Presenting the project, Minister of Economic and Social Affairs Gnel Sanosyan noted that the report includes all the activities of the State Property Management Committee for 2023: privatizations, liquidation the information on the fulfillment of processes, transactions, alienations, leases, antennas and a number of other services, as well as a number of other investment obligations: "It has been quite a successful year, because we have obvious differences in all directions compared to the previous year. In particular, during 2023, the funds received from the management of state property amounted to 15.4 billion drams, and these receipts mainly [were] the state budget, municipal budgets and budgets of SNOCs. Out of this 15.4 billion, 2.2 billion drams entered the budgets of our communities, supporting the communities to implement other projects with these funds. The opening of this 15.4 billion is as follows. from property expropriation - 10.6 billion, from share privatization - 3.8 billion, leases - 673 million drams, and antennas, their installation - 287 million drams. 15.4 billion drams is more than last year by 6.4 billion drams or 72 percent" , he said. The minister also informed that, in addition to these amounts, 34 billion drams of obligations were also assumed through transactions, so that the partner organizations would also implement investment projects of 34 billion drams in the next 5 years. 38 properties have been expropriated, which have already given a certain economic effect. Within the scope of the topic, the Chairman of the State Property Management Committee, Arnak Avetisyan, informed that the online auction system will be launched in the near future, where the auction processes for the sale of state movable and immovable properties will be summarized. Through a single platform, investors will have the opportunity to participate in tenders and conduct real estate transactions online