As many as 73 state enterprises and facilities will be put up at the auction for the privatization of the State Property Issues Committee of Azerbaijan on November 15, the message of the committee said. The enterprises to be put up for privatization operate in the fields of cotton growing, agricultural chemistry, transport, construction and…
A group of representatives of the Azerbaijani ‘Silk Road’ Public Union for Promotion of Development of Entrepreneurship, Indonesia’s Ambassador to Azerbaijan Husnan Bey Fananie and a number of the embassy employees were on a visit to Indonesia. The delegation visited Jakarta to attend the Trade Expo Indonesia 2016. Azerbaijani entrepreneurs were also holding meetings in…
International rating agency Fitch has upgraded the long-term issuer default rating of Russian uncut diamond mining giant Alrosa to BB+ from BB with a stable outlook and affirmed the company’s short-term issuer default rating at B, the agency said in a research note. “The upgrade reflects Fitch’s expectations that Alrosa will maintain funds from operations…
The Russian Agency for Export Credit and Investment Insurance (EXIAR), a part of the Russian Export Center Group, provided over $8 billion in support to exporters in 2016, including $600 million to exporters to Belarus, head of EXIAR Office in Belarus Viktor Doronkevich said in a meeting with the delegates of Tomsk region and Russia’s…
Privatization of a 19.5% stake in Russian oil major Rosneft is very likely to happen in 2016, Rosneft CEO Igor Sechin reported. “This is a liquid asset, and demand on the market is high, I am sure that we will do it”, he said. “Speaking of the possible purchase of Rosneft’s shares and of Rosneft’s…
Investors who put their funds in Azerbaijan in accordance with the Build-Operate-Transfer (BOT) model have been exempt from the state duties. The corresponding amendments to the law “On state duty” were approved by Azerbaijani MPs at the plenary session of the country’s parliament October 14. In accordance with the BOT model provided by the law…
Russia’s Federal Antimonopoly Service has permitted mobile operator MegaFon to buy 100% in Moscow-based firm Kombell, which deals with connection, telecom equipment and telephony, the authority said in a statement. “We study closely all the proposals we receive on mergers and acquisitions. Prior to making a decision, we scrutinize the subject of the deal, and…