The Ministry of Economy and Industry drafted regulatory law acts, according to which preferences for local suppliers of goods and services during the public procurement doubled. Thus, local companies will enjoy more favorable conditions in the tender purchasing than their foreign competitors.
Changes are expected in the Law "On Public Procurement," the government’s decree of 28 October 2002 "On approval of rules and scope of application of concessions, a method of counting the effect of the purchase price changes in the prices of goods (works and services) and determining the amount of divisible parts." If Parliament agrees to accept the changes to the law, local companies, depending on the amount of use of local raw materials and labor, will receive price concessions in the amount of 10 to 25% of the proposed import of goods and services.
The government believes that a two-fold increase in preferences will increase the amount of locally produced goods and services. At the same time, reports on the previously existing concessions to local suppliers of goods and services have not been published for 11 years. --08B
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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