The Municipality in the Badamdar settlement of Baku city became the first in Azerbaijan, which for the first time since the beginning of the formation in 1999, the country's Institute of Local Self-Government held a tender for the procurement of goods (works and services).
According to the State Procurement Agency, the company Delaney was the winner of the tender for the implementation of repair work on the plot in front of the house at 1 lane Oilers Avenue, 2. The cost of works is estimated in the amount of 49,960 manat. The minimum size for the tender is 50,000 manat.
In 2009, Azerbaijan was held reforming municipalities , bringing their number decreased from 2,757 to 1,718 .
In 2012, total revenue budgets of municipalities in Azerbaijan amounted to AZN 35,860,500 . This represents only 0.2 % of the revenues of the state budget for the same period . Half of the revenues to the budgets of local governments went on the content of their executive office . Independent experts say that the state is not interested in the development of the role of local government in the system of government and by all means limit their activity. - 08B-
Economics
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The market for vegetable and animal fats in Azerbaijan is largely shaped by a structural dependence on imports, as domestic production remains insufficient to meet the country's growing consumption needs. This dependency is underscored by several economic factors, including limited agricultural production and a lack of processing facilities, leaving the sector ill-prepared to reduce reliance on foreign supplies.
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The INMerge Ventures venture capital fund has been established in Azerbaijan, aimed at boosting the development of the country’s innovative and startup ecosystems, officials announced on Tuesday.
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Azerbaijan is set to roll out a comprehensive digital economy development strategy in 2025, aimed at transforming the country's economy through human capital development, innovation, and the digitalization of business processes, an official announced on Tuesday.
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Issues related to the development of the energy sector through digital innovations were the subject of negotiations between Rovshan Najaf, President of SOCAR, and Seita Hagihara, President and Vice President of Yokogawa Electric Corporation, a leading Japanese multinational company specializing in electrical engineering and industrial automation.
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