The government is seeking investment in Dashkesan Mining Plant
The government intends to transfer the JSC «Dashkesan Filizsaflashdirma» (Dashkesan Mining Plant) in good hands for $ 1 billion. According to the State Committee for Property Affairs, the problem can be solved through the tender announced in the framework of privatization. For these purposes will be attracted an independent consultant, who will develop a series of proposals for investment competition, including the final amount of financial investments, a detailed feasibility study and related research in the field of marketing.
The government has long planned modernization of the enterprise, however, indices which fell sharply (from $ 146 to $59.83 per ton - data for the evening August 12, 2016), the international price of iron ore concentrate influenced the intention to export the products. According to the State Customs Committee, the total exports in January-June this year amounted to $ 3.82 billion, of which the export of ore accounted for $ 6.54 million, or about 104,000 tons, which is twice more than last year. --17D-
Economics
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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