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Baku / 10.08.20 / Turan: The "Everest-Tikinti" company, founded in March 2019, received the 11th contract in the last five months on August 7.
The executive power of Sumgayit city has provided an electronic contract for overhaul of kindergarten No. 13. The cost of the tender offer of “Everest-Tikinti” LLC is 284.2 thousand manats ($ 167.1 thousand). In total, since April this year, the company has been declared the winner of 11 tenders for the purchase of goods and works with a total value of 3 million 435.6 thousand manats, including for the repair of roads in Gusar, Shabran and Siyazan regions.
LLC "Everest-Tikinti" was founded on March 11, 2019. The legal address of the company is located at schoolN 2 of Beylagan region. The director of the company is the 27-year-old IDP Zafar Yusif oglu Abdulov. 08B--
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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