The Cabinet of Ministers and the State Committee for Property Affairs decided on the list (https://goo.gl/Y6yQ9Y) of enterprises to be privatized in the medium term. The list has 2,859 enterprises and objects.
The government plans to pass into private hands recreation clubs, cinemas, many departmental hospitals and clinics, recreation centers, hotels, sports facilities, farms, and industrial enterprises.
Subject to privatization are Azeraluminium, factories of Azneftkimyamas, Ganja Automobile Plant, Baku Car Repair Plant, hatcheries, the building of the Baku Maritime Station, the Baku Horserace Stadium, the Sumgait Central Stadium, etc.
Only 51 enterprises will be privatized through corporatization. The remaining businesses will be sold as a small enterprise. 63 companies will be offered for investment contest. The underground car parks at the Winter Boulevard and Azadlig Square will be transferred to control. -----08B
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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