Construction of a new administrative building of the Ministry of Taxes of AR has been entrusted to LLC Renaissance Construction Azerbaijan.
According to the State Procurement Agency, it will cost the budget 132 million 121.68 thousand manats. The housing will be located in Baku at the intersection of 105 Heydar Aliyev Avenue and M. Narimanov Street.
Recall, the contractor is a subsidiary of Synergy Group affiliated with business structures of Tax Minister Fazil Mammadov and Renaissance Construction established in 2010. As a monopoly in its field, it specializes in the management of all design and construction works of shopping centers, government buildings, hotels, factories, heavy and light industry, as well as numerous other objects. --17D-
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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