On 14 September the State Committee on Property (SCP) will hold an auction for the sale of three Mi-8MTV1. This is another attempt to sell through the auction these helicopters produced in 1991-1993. The starting price for the helicopters has not changed, and is 130 023, 134 271 and 134 323 AZN. The SCP noted that these helicopters are not suitable for use, but can be used after the reconstruction and modernization. Recently the Russian holding "Helicopters of Russia" announced plans to open in Azerbaijan a Center to repair of helicopters Mi-8/17. The corresponding agreement is expected to be signed at the exhibition ADEX-2016 by the end of September. It provides for the opening of businesses on the basis of Silk Way Helicopter Services service center in Baku for maintenance and overhaul of helicopter equipment. 08D
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Italy's Eni S.p.A. have signed a Memorandum of Understanding (MoU) focused on energy transition. Azerbaijani Economy Minister Mikail Jabbarov announced the agreement on his account on the social network "X".
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Azerbaijani Economy Minister Mikail Jabbarov met on July 29 with Ali Kibar, Chairman of Turkish conglomerate Kibar Holding, to discuss strengthening bilateral cooperation, boosting investment in industrial production, and supporting partnerships in the energy sector.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved the application form specified in Article 30.1 of the Competition Code. This decision aims to align with the President’s decree No. 1051-VIQ dated December 2, 2023, and address regulatory requirements related to the implementation of the Competition Code.
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Azerbaijani President Ilham Aliyev has issued a decree amending the Land Code of the Republic of Azerbaijan, effective January 2025. The legislative adjustments aim to refine the management and use of agricultural land and enhance regulatory processes.
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