Today kicked off a four-day 21st Azerbaijan International Construction Exhibition Baku Build-2015. The event opened with the support of the Ministry of Economy and Industry, the State Committee for Urban Planning and Architecture, the National Confederation of Entrepreneurs and the Fund Export and Investment Promotion (Azpromo). It also anticipates Caspian Construction Week. The organizers are the British company ITE Group and its partner Iteca Caspian.
The current exhibition shows more than 500 companies in the pavilions of Baku Expo Center, as well as its spacious outdoor area. The national stand can be proud of 5 permanent members: Germany, Italy, Iran, Spain, UAE, and the debutant Czech Republic and India. Quite large areas are traditionally reserved by participants from Turkey.
The range of products of all kinds of building materials has been expanded, including the European know-how elite plumbing and building glass. There will be presented new items that have not yet entered the world market. Among them, there are high-quality faucets for bathrooms, modular coating of polypropylene for open areas, innovative elevators without machine room, protective and colorants for wood, cement and coatings of the new generation, and other products. --17D-
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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