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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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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