The State Committee on Property (SCP) put up for investment competition a 99.92% stake in Sabirabad Demir Beton, established on the basis of the Sabirabad reinforced concrete plant.
The company's shares are offered at half the price. The applicants should submit proposals for the transfer of not less than 410 thousand mantas to the state budget.
The main requirement to investors is to provide an investment program to ensure the production of concrete, reinforced concrete and other industrial products.
Commissioned in 1970, the plant is idle today. It has a small debt (41,000 AZN).
SCP does not report on the company’s land area, or the characteristics of the available buildings, although it is one of the important requirements to the contest organizer.
In 2015 SCP held at least 10 investment tenders, as a result of four of which contracts for the sale of shares were signed, the press service of the department told Turan. Officially announced were the results of only one tender. ------08D
Economics
-
Azerbaijan and Iran are actively discussing the construction of a strategic railway line that will connect the East Zangezur Economic Region with the Nakhchivan Autonomous Republic, according to Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC. Rustamov disclosed the details of these talks during his recent visit to Iran, where he met with Jabbar Ali Zakeri Sardrodi, head of the Iranian Railway Administration.
-
Agricultural land in Azerbaijan's liberated territories may be leased to business entities through investment tenders. This is reflected in the draft law on proposed amendments and additions to the "Law on Land Lease." The document was discussed at the meeting of the Agrarian Policy Committee of the Milli Majlis (Parliament) on October 14.
-
According to preliminary data released by the State Statistics Committee, as of October 1 of the current year, Azerbaijan's economically active population stood at 5.304 million people, of which 5.021 million were employed. These figures highlight the relatively stable labor market in Azerbaijan, as the same number appears in the data for the last three years.
-
Azerbaijan witnessed a modest yet steady increase in nominal incomes in the first nine months of 2024, as incomes grew by 6.1% compared to the same period in 2023. This rise brings the total nominal income of the population to 61.587 billion manats, averaging 6039.2 manats per person. This is reported by the State Statistics Committee.
Leave a review