The cement company Norm, which started in 2013 to manufacture cement in the Garadagh district of Baku, at the end of 2014 gained an income - 713 thousand AZN.
According to the financial report subjected to an audit by Deloitte, last year the sales revenue was 51.8 million AZN. In view of the direct cost of sales the profit amounted to 18 million 187 thousand AZN.
Over the past year the company's assets (258.5 million manats) increased by 9.4%. Commitments of Norm LLC to creditors and suppliers were 151.7 million mantas at the beginning of the year.
The construction of the Norm cement plant started in 2011. The production capacity is 5,000 tons of clinker per day and 2 million tons of cement per year. This is the largest cement plant in Azerbaijan. --- 08D
Economics
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The weaknesses of strategic planning in the Azerbaijani land transport sector were revealed during a briefing on improving legislation, which was attended by representatives of the Azerbaijan Land Transport Agency (AYNA) and the Ministry of Digital Development and Transport.
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The Cabinet of Ministers of the Republic of Azerbaijan has made changes to the existing provisions regarding the approval of construction documentation and the service fees for construction. The amendments are guided by Article 119 of the Constitution of Azerbaijan and are aimed at simplifying processes related to construction permits and operations.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new procedure for the recruitment of medical personnel to medical institutions included in the state healthcare system. The decision, which comes into force on January 1, 2025, aims to enhance the implementation of compulsory health insurance in the country.
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