JSC "AzerFloat" signed a contract with "HORN Glass Industries AG" (Germany) for the design of a glass factory, supply of equipment and technology for the production of glass plates, press service of the Ministry of Economy.
Investments in construction of the plant with a capacity of 8 million square meters of different kinds of glass will cost 89 million Euro. The company, which is set aside for the construction of 12 hectares is planned to be commissioned in late 2018.
Notably, the close JSC "AzerFloat" has become a resident of Sumgayit chemical-industrial park (Schip) in December, 2014. At the same time it was reported that a partner for the construction of a glass factory of the company is the above-named German company.
The "AzerFloat Ltd." was established in March this year by unknown persons. Its registered address: Baku, Street M.A.Aliyev, 245, apartment 29. The company's authorized capital is defined at the minimum level for the closed joint-stock company – 4,000 AZN. --08D--
Economics
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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.
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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.
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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.
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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.
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