State Committee on Property Investment Competition put on 99.92% of the shares of Sabirabad Demir Beton (reinforce concrete production). Shares are offered on the condition of restoring production at the plant of building materials, as well as transfers to the state budget of at least 490 thousand manats.
In selecting the winner, which is scheduled for June 14, preference will be given to applicants with the best practices in the construction sector. Typically, the target GKVI announces investment competition, obviously finding the real buyer. In this case, the investor is offered almost all of the issued shares.
At present, the company listed as 9 people. The authorized capital of JSC "Sabirabad Demir Beton" is 821,1 thousand manats. Obligations and accounts receivable are minor and businesses are measured by several thousand manats. - 08D-
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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