President Ilham Aliyev signed on July 13 a decree "On the implementation of measures for the improvement and restructuring of the metallurgical complex of Azerbaijan," according to which the Dashkesan Mining Processing Plant is offered for privatization for the third time.
The company is derived from the structure of the state CJSC Azerbaijani Steel Production Complex and placed at the disposal of the State Committee for Property Affairs. The process of acceptance should be completed within one month.
The enterprise privatization will be carried out by the investment competition. Influential consulting firms will be involved. The privatization will also allow foreign investors.
The state controls about 97% of the shares of Daskesan Filizsaflasdirma. The remaining 3% of the shares are owned by members of the plant’s staff.
In 2003-2008 JSC Daskesan Filizsaflasdirma was twice exhibited at an investment tender. The agreements with the state on the sale of its shares were canceled by the court later.
CJSC Azerbaijani Steel Production Complex was established in April 2013. Its assets included only one entity - JSC Daskesan Filizsaflasdirma. ------08D
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review