The Trade House of Lithuania, in force since February 2009, announced the decommissioning of its activities in Azerbaijan. The reasons for the closure of the company are not reported.
The company was representative of several Lithuanian companies for the production of dairy products, confectionery and bakery products.
The company operated at OJSC Ata Holding, but after some time went to another group of companies close to the holding. In 2009, the director of the Trade House of Lithuania Ahmed Mammadov told Turan on the plans to build a dairy plant in Shamkir with a processing capacity of 1,000 tons of milk per day. The equipment was scheduled to deliver from Lithuania and the investment in the project was estimated at 2 million Euros.
The opening of Lithuanian Trade House in April 2009 was attended by members of the Government (https://goo.gl/diyX0l).
According to the State Customs Committee, in 2014 Lithuania supplied to Azerbaijan 1.5 thousand tons of milk and dairy products (mainly butter) worth $ 1 million 454.6 thousand. In the first quarter of this year, the shipments totaled 317.6 tons ($ 376 thousand). -08B-
Economics
-
Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
-
On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
-
During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
-
At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
Leave a review