Azerbaijan: privatization in investment tenders gives $1.1 billion

$1.1 billion have been invested in Azerbaijan’s economy through investment tenders, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said. Volume of the domestic production rose by 1.5 billion manats thanks to these investments, according to him. Around 47,000 industry, trade, transportation and other state facilities, as well as non-residential facilities and…

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Belarus: Gomselmash dispatches first batch of cotton harvesters to Cameroon

The Belarusian mechanical engineering company Gomselmash has sent the first batch of cotton harvesters to Cameroon, Igor Korotkevich, First Deputy Director of the company’s Regional Sales Department, reported. The harvesters will be delivered to Cameroon in roughly one month. “By that time our specialists will have arrived in Cameron in order to prepare the machines…

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Azerbaijan: no need to rush in privatizing large enterprises

Privatization of Azerbaijan’s large state enterprises, including state oil company SOCAR, requires time and such issues must not be hurried, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said. “It is needed to be consistent in such issues, since the privatization of large enterprises touches the issues of Azerbaijan’s economic independence”, Jalilov…

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Azerbaijan and Iran to launch new passenger train

A passenger train will be launched between Azerbaijan’s Nakhchivan and Iran’s Mashhad before late November, Javid Gurbanov, head of Azerbaijan Railways CJSC, reported. Gurbanov said the train would start running either on November 27 or November 30. The Nakhchivan-Julfa-Tabriz-Tehran-Mashhad passenger train will run twice a week. Renewed cars will be used for the trips. (Trend/Business…

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