Turkey arrested One of the partners of the project Khazar Islands is arrested in Turkey
As part of an anti- corruption operation, the Turkish police arrested about 60 people, among them one of the largest construction magnates Ali Agaoglu. This billionaire is a partner of famous in Azerbaijan building businessman Ibrahim Ibrahimli, better known as Haji Ibrahim Nehramli.
In 2012 Agaoglu came to Baku to discuss the implementation of this ambitious project, estimated at a billion dollars. According to Turkish media , Agaoglu invested in this project on the Caspian coast 125 million.
The Khazar Islands is located in 25 km to the south of Baku. They are artificial island on the beach with fashionable buildings, an analogue of an ambitious project of Dubai "Palma". -02В-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review