The construction of a plant to produce 30 thousand units of sports, children's and city bikes a year is to be completed by the end of this year.
Construction of the plant began in November last year. And last week the construction site, which occupies 5 hectares, was visited by the Vice President of the Cycling Federation of Azerbaijan, Deputy Tax Minister Sahib Alekperov, the director of one of the specialized companies in Bulgaria, Dragomir Ruzov and representative of the European Cycling Federation Roland Hofer. An agreement was reached for course qualification of youth groups in Bulgaria.
The plant is built by one of the structures of the group of companies Asset Group. According to the State Customs Committee, in 2013 Azerbaijan was supplied 17,271 bikes with a total declared value of $ 616.6 thousand.
In 2012, according to the same source, there were purchased 2.8 times more bicycles (49.4 thousand units) abroad with a total value of $ 820 thousand .In addition, in 2012, there were imported 5,814 tons of tricycles, scooters and pedal cars.
Over the past few years in Azerbaijan cycling competitions of international level have been regularly held in Azerbaijan. In the country there is only one track for cycling meeting international requirements. - 08D-
Economics
-
Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
-
Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
-
On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
-
In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
Leave a review