A new plant for metal construction has been opened today at Garadakh village in the Sahil district of Baku with the participation of President Ilham Aliyev.
Production capacity of the plant is 24,000 tons of metal structures a year. The plant employs 120 people.
The company is equipped with technology from leading European manufacturers - "Kaltenbach GmbH", "Zimfer", "Vinter", "Voortman", "Facin" and "Durma".
The introduction of additional capacities is expected in the future for the increasing production and diversification.—06D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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