The State Committee on Property once again put on an investment competition 99.88% stake in the plant for plastic pipes in Jeyranbatan (Absheron region). This month requirement for transfers to the state budget was reduced by 100,000 manat.
Investors are offered shares at par value of AZN 961,700. Save Profile Company is not a prerequisite of the competition.
The plant was commissioned in 1988. It employs 20 people, who own 0.12% stake in JSC Ceyranbatan Polimer Materiallari. Competition is threaded on August 29th.
In the first half of this year Azerbaijan produced rubber and plastic products totaling 19 million manat, which is 24.4% less than the same period in 2013. It produced 8,300 tons of plastic pipes, which is 33.7% less than in January-June 2013. - 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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