PriceWaterhouseCoopers (PwC) will audit the financial activity of Azerbaijan’s State Oil Fund (SOFAZ) in 2016-2018. SOFAZ earlier held a competitive bidding to select an audit company for the provision of audit services. After the evaluation of the proposals presented by the bidding audit companies, pursuant to the Statutory Regulations of the State Oil Fund, PwC…
Individuals will be able to import only 30 kilograms of various food products per month into the territory of Azerbaijan without paying customs duties, the Azerbaijani State Customs Committee said on July 12. According to the committee, the corresponding changes have been made to the “Procedure of privileged and simplified movement of goods, which are…
The State Oil Fund of Azerbaijan (SOFAZ) completed the deal on real estate acquisition in Milan, Italy, Shahmar Movsumov, SOFAZ executive director, said. He said there were no problems with the acquisition of the real estate in Milan. “The deal has been completed”, he said. “We have become the owners of the property”. SOFAZ together…
Ukraine has already received advance payment for the first two An-178 aircraft in accordance with the contract with Azerbaijan, Deputy Prime Minister, Minister of Regional Development, Construction, Housing and Utilities of Ukraine Hennady Zubko has made a statement during his visit to Antonov state enterprise. “We have the contract order for 10 aircraft. We obtained…
Hungary is ready to increase funding for the projects in Azerbaijan through the state Eximbank in case of necessity, Imre Laslotsky, Hungarian extraordinary and plenipotentiary ambassador to Azerbaijan, said. “Eximbank’s credit line worth $200 million was opened for these purposes within the framework agreement”, Laslotsky said. “In case of necessity, the amount of funding can…
Switzerland’s Stadler Rail Group will in September showcase the sleeping cars to be used on the Baku-Tbilisi-Kars (BTK) railway, the Railway Gazette International reported July 5. The cars will be demonstrated at the InnoTrans 2016 exhibition in Berlin, Germany. “A Class 88 EuroDual electro-diesel locomotive ordered by leasing company Beacon Rail for use by UK…