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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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