The state-run JSC Irrigation and Water Management Committee signed a contract for the purchase of special equipment (bulldozers, excavators, tractors, etc.), pumping stations, electrical equipment and other facilities to serve irrigation, waterworks.
The tender was held on 35 lots and the winners were 15 companies. Total value of the contract is 32.5 million manat, the report of the State Procurement Agency, in January and February of this year. The main suppliers of the company are LLC "Grand Motors", "Ramma", "AS Texnika", "Kaskad-3", "ART Proje", "Cavidan-N", "Improtex Trucks Buses", JSC "Gidromashservis" Ganja Automobile plant, etc. The number of purchased machinery and equipment not reported. On the corporate website the company is no information on its own fleet of special equipment.
In this year's funding for agriculture JSC "Irrigation and Water Management" has been allocated 233 million manats from the state budget. Besides that, the company receives multimillion dollar allocations for investment projects.
The devastating effects of floods of the river Kura in May 2010 showed how ineffective this structure, despite the huge public funding. From 2005 to 2010 needs, including shore protection and drainage works, and the state of the international financial institutions was allocated $ 1 billion, part of which is missing. - 08B-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review