From May 2016 the business of Carlsberg Group in Azerbaijan, presented by Baltika-Baku, is headed by Viktor Semak. He will manage two companies of Carlsberg Group - Baltika-Baku and Carlsberg Kazakhstan.
Semak has been the President of Carlsberg Kazakhstan from March 2013.
Baltika-Baku manages the Khirdalan brewery and is the beer market leader in Azerbaijan with a share of over 75% (2015), the company’s press release noted.
Then brewery Baltika-Baku is located in Khirdalan. The company produces popular brands of beer such as Khirdalan, Tuborg, Baltika 7, Baltika 0, Baltika 9, Khirdalan Draft, Cooler, Afsana, 33 Export, and Zhigulevskoye Brand.
Baltika Breweries purchased the plant in 2008, and in May 2009 it was opened after reconstruction. The production capacity is 10 million deciliters per year, and the company employs about 250 people and about 400 people are employed indirectly (distributors, agents and contractors).
The annual contributions of Baltika-Baku to the state budget are about 20 million AZN, and the total amount of investment in the development of the plant is 47 million AZN. ----08D
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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