A new type of cement plant for Garadagh Cement has been launched today in the Garadagh district with the participation of Azerbaijani President Ilham Aliyev.
The plant will work on the technology of a dry method of cement production. This technology allows the saving of fuel and minimizing the impact on the environment; 300 million euro was invested into upgrading the company.
The main shareholders of the Garadagh Cement are Holsim ltd. - 66%, EBRD - 10% of "Azerbaijan Investment Company" - 10% Holsim auslandbeteiligungs - 3,61%, In addition, minority shareholders are about 800 citizens of Azerbaijan. The open JSC Gadaragh Cement was privatized in 1999.-6D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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