The portal www.tedaruk.az on the Procurement and Supply of Food Products has been put into operation. The main content of the portal is made up of ads for procurement, potential suppliers, offers of food suppliers, including agricultural products.
Purchase of food products by budget organizations since 2016 is to be carried out with the mediation of Procurement and Supply of Food Products. Such operations have not been carried out yet.
JSC Procurement and Supply of Food Products was established by a presidential decree on 11 April 2016. The company buys centralized food products from suppliers and provides them to government agencies in compliance with a pre-agreed amount.
With regard to purchase prices, they will not be lower than the wholesale prices in the country at the time of placing the procurement announcement. However, these prices are determined by the Ministry of Agriculture in coordination with the Ministry of Economy. ---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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