The State Committee for Property Affairs (SCPA) of Azerbaijan announced on October 21 the results of the tender for the provision of advisory services for the privatization of JSC Dashkesan Filizsaflashdirma, created on the basis of the Dashkesan mining processing plant.
The Communication Ministry's press service noted the competition was won by the Azerbaijani representation of KPMG Azerbaijan Limited.
The tender was attended by 8 companies, including 4 in a consortium. The names of these companies, as well as the amount of the tender offer of the winner, are not reported.
Under the terms of the tender KPMG will assess the joint-stock company, the analysis of financial and economic activity of the enterprise and the amount of investment required, and prepare a memorandum to attract potential investors. Implementation of the investment competition for privatization of the JSC is also the responsibility of this company.
SCPA also revealed some of the features on the upcoming privatization of the Dashkesan mining plant. These are payment to the state budget, the amount of the proposed investment and its effective investment.
Note that JSC Dashkesan Filizsaflashdirma was twice privatized by foreign investors. Later, the results of the investment competitions were canceled. ----08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review