The State Committee for Property Issues (SCPI) put four objects for privatization, which were rejected by persons who purchased them at previous auctions.
They are two non-residential premises and two stores located in Baku. Due to the fact that investors have not fully paid off the cost of these facilities, the 10% deposit paid for them for a total of 4,620 manat is not refundable.
In the SCPI, Turan was told that such a phenomenon does not happen often. But if the auction winner violates the concluded contract, then the object is put up for auction again.
On April 11, investors were offered to choose among 86 non-residential premises, facilities and small businesses. ------08B
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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