Dismissing “inflammatory” assertions in the press, according to MTI, the ministry said that all sales of state-owned real estate took place in compliance with regulations, in line with responsible fiscal management and on the basis of professional considerations.

All such sales serve to rationalize the operation of the state, while revenue generated reduces state debt, it added.

At present, nine properties are listed on the electronic auction platform of state asset management company MNV, and one of those is in the bidding phase, the ministry said.

“The future owner will be the one who pays the most for the property,” it added.

Parallel with the sale of the older buildings that are outdated and costly to keep up, ministries and authorities are moving into newer office complexes that are cheaper to maintain and offer amenities necessary for the more efficient operation of the state, the ministry said.