President Ilham Aliyev received on December 15 the Executive Director of the Italian company Danieli & C. Officine Meccaniche S.p.A Gianpietro Benedetti. During the conversation the sides exchanged views on joint projects in the steel industry, in particular, the creation of Sumgait metallurgical cluster, which brings together five metallurgical plants. After that, Dashkesan Mining Plant will be able to earn at full capacity, ensuring extraction of raw materials and the production of iron and steel products of various assortment. According to Benedetti, the financing of the project will carry out private investors and European banks. In turn, Ilham Aliyev assured that he will create all conditions for foreign investors and their interests are protected. -02В-
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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