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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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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