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 INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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