Investment competition for sale of 99.22% shares of the Dashkesan ore-dressing plant failed again. Investors have shown interest in this company, for the development of which the state requires to invest not less than $600 million.
This week has expired the period for acceptance of proposals for privatization of "Daskesan Filizsaflasdirma". The seller, the State Committee for Property Affairs (SCPA) does not comment on the reasons for the absence of submission of applications for the acquisition of the company.
Investors have been given a two-month period for submitting applications, which expires on March 31.The SCPA changed one of the conditions to investors. The minimum size of the bonus for the privatization of shares reduced from 110 million to 100 million manat.
In the autumn of 2016 the government attracted through tender for the privatization of this attracted an international consultant – the KPMG Azerbaijan company. In the case of the privatization the company will receive from the winner 160.000 manat. -08D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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