The State Committee on Property has put up for investment competition a 30.03% stake in JSC Agdash Pambig. The shares not sold since 1998 are offered to investors at 19% of the face value (645.4 thousand manat).
The only requirement to the applicants is to provide proposals to improve the activities of the cotton plant, employing 10 people.
The controlling stake in JSC Agdash Pambig belongs to the Swiss company Jecot.
According to the State Statistics Committee, 27 hectares were allotted for cotton in the Agdash region in 2014, which is 210 hectares less than in 2013. In 2000, the cotton growers of the area sew cotton on 1,652 hectares. In the past year this area picked 81 tons of cotton, 2 times less than in 2013.
Jecot controls two more cotton mills in Azerbaijan. ----08B
Economics
-
Farmers in Azerbaijan must insure their barley, wheat, rice, and corn crops grown on lands exceeding 10 hectares to be eligible for agricultural subsidies, a government official stated during a recent briefing on updated subsidy rates.
-
Pakistan’s gas reserves, estimated at approximately 400 billion cubic meters, and annual production of about 30 billion cubic meters, are insufficient to address the "blue fuel" deficit in this densely populated country. Consequently, the government has identified meeting the country’s gas needs as a strategic priority.
-
The hospitality industry in Azerbaijan recorded significant growth in 2024, with the number of overnight stays in hotels and similar establishments rising by 25.1% year-on-year to 4.28 million, according to official data. This robust recovery highlights the increasing appeal of the sector to both domestic and international travelers, supported by improved infrastructure and the diversification of tourism offerings.
-
Azerbaijan's Agricultural Subsidy Council has set new requirements for the establishment of intensive orchards, including the installation of climate stations, according to Vugar Huseynov, head of the Ministry of Agriculture's press service.
Leave a review