Yacht Club Prepared for Sale
Baku / 27.09.17 / Turan: The State Committee for Property Issues (SCPI) has completed the assessment and transformation of three non-core enterprises, which were previously part of the structure of Azerbaijan Caspian Shipping Company, into a separate legal entity.
As the Ministry of Taxes reported on September 27, the issue of creating limited liability companies based on the seaside Yacht Club, the Central Seamen"s Hospital and the Seamen"s Polyclinic, was decided on June 23 this year. The authorized capital of Yacht Club LLC was determined in the amount of 3,269,600 manat, Merkezi Denizchiler Khestekhanasi LLC (Central Seamen"s Hospital) - 1,832,200 manat and Denizchiler Poliklinikasi LLC (Seamen"s Polyclinic) - 1,022,400 manat.
The time planned to expose these enterprises to privatization is not yet reported. Previously, the SCPI reported on the method of selling only one of these enterprises: the Central Seamen"s Hospital was subject to privatization by corporatization and investment competition. However, as it turned out, the hospital was transformed not into JSC, but into LLC. According to the information of the SCPI privatization portal, the hospital acting since 1964 (https://goo.gl/uZWUs3) employs 211 people, including 70 doctors. ----08B
Economics
-
Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
Leave a review