70 million AZN invested into privatized enterprises
This year 70 million AZN has been invested into the state enterprises privatized through the investment competitons. There are about 300 new jobs at the enterprises, Kerem Hasanov, chairman of the State Property Committee, said at the session of the Committee.
Only one competition for investments into the Metallurgic sport complex in Ganja city was successful this year. Two winners of such competitions have got certificates of property for the privatized property.
Since early year approximately 350 objects, including auto transportation means, have been sold through “small” privatization. About 250 land plots were privatized. 229 land plots under privatized objects have been granted on lease. Shares of about 20 joint stock companies have been sold at the specialized monetary auctions. The information about transfer of money from privatization to the state budget is unavailable.—0---
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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