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The names of the companies with the largest exports have been announced
The names of the companies with the largest exports have been announced
The ranking of both non-state and state-owned exporting entities was compiled in the non-oil sector in January-November 2022.
The following companies are represented in the top ten in the rating of non-state exporting entities prepared for January-November 2022: “MKT Ishtishlat Kommersiya” LLC, Representative Office of “Azerbaijan International Mining Company Limited Company” in the Republic of Azerbaijan, “Rose Servis” LLC, ” Almeyva” LLC, Shirinov Elvin Valeh oglu, “Baku Steel Company” LLC, “Mors Trading” LLC, “P-Agro” LLC, “Azerbaijan Sugar Production Union” LLC, “STP Aluminum” LLC.
The list of state-owned companies participating in export operations in the non-oil sector is headed by the “Marketing and Economic Operations Department” of the State Oil Company of the Republic of Azerbaijan. Then the following companies are represented in this list: “Socar Polymer” LLC, “Azeraluminium” LLC, “AzerGold” JSC, “Azerenergy” ATSC, “Azerpambig Agrarian Industrial Complex” LLC, “Azerbaijan Airlines” JSC, “Azeripak” LLC, “Azertutun” OJSC, “Geophysics and Geology Department”.
At the meeting, discussions were held regarding the priority development directions set for 2023.
BAKU, December 28 — Sputnik. A meeting of the Supervisory Board of the public legal entity Fourth Industrial Revolution Analysis and Coordination Center (4SIM) under the Ministry of Economy was held.
At the meeting chaired by the Chairman of the Supervisory Board, Minister of Economy Mikayil Jabbarov, information was provided on the measures implemented in the field of 4SIM management during 2021-2022, and discussions were held on the priority development directions set for 2023.
At the meeting, relevant decisions were made regarding the income and expenditure estimates for 2022 and other issues.
It should be recalled that on January 6, 2021, President Ilham Aliyev signed a decree “On the establishment of the “Fourth Industrial Revolution Analysis and Coordination Center” public legal entity under the Ministry of Economy.” According to the decree, a public legal entity “Analysis and Coordination Center of the Fourth Industrial Revolution” was established under the Ministry of Economy. The center will carry out cooperation and coordination with Azerbaijan and international organizations operating in the field of the Fourth Industrial Revolution, as well as the analysis and coordination of challenges, initiatives, strategies and projects on the digital economy.
The Fourth Industrial Revolution has emerged since the beginning of the 21st century based on the achievements of digital technologies. This revolution involves autonomous decision-making of cyber-physical systems through cloud-based machine learning in manufacturing. This enables the emergence of “smart factories” that can autonomously make decisions about market research, production and sales.
The list of temporarily regulated goods has changed
The decision was made in order to optimize the scope of the regulation on the export of a number of food products and goods used in their production and to extend the period of validity.
The Cabinet of Ministers has amended the decision dated March 18, 2022 “On measures to regulate the transportation of a number of basic food products included in the minimum consumption basket and the goods used in their production from the territory of the country”.
In this regard, Prime Minister Ali Asadov signed a new decision.
According to the decision, the list of goods that are temporarily regulated to be transported through the customs territory has changed.
Azerbaijan Appraisal Chamber
The issue of establishing the Chamber of Appraisers in Azerbaijan was also reflected in the new draft law on appraisal activity submitted to the Milli Majlis.
Vugar Oruj, the newly appointed chairman of the Azerbaijan Appraisal Society (AQC), said this in an interview to “Report”.
He spoke about the necessity of creating the chamber:
“Until 2008, licensing in the field of appraisal was valid in Azerbaijan [by the State Committee for Real Estate Affairs]. Each company started operating only after licensing. Then licensing was canceled and we regulated the activities of individual persons or companies in this field by holding certification exams. , on the one hand, it was a positive issue. The market became independent, the expansion of activity, further development of this field took place. On the other hand, it led to the emergence of very serious shortcomings. Since the assessment activity was not administratively regulated by any institution, with the occurrence of separate negative events First, the number of companies in this field has increased, and among them there are companies that do not follow international valuation standards, represent separate business interests, and discredit valuation companies. As a society, we had no opportunity to take any action against them. has the right to make a request or to address any request. We thought that to overcome this, some administrative body is needed to regulate the appraisal market in the country. We have addressed the Milli Majlis many times in this direction. In general, we have applied for the improvement of the law on assessment activities”.
The head of the AQC said that the draft law is expected to be read for the first time in the spring session of the Milli Majlis:
“I think that a law will be adopted during this year. Probably, a new law will be adopted that is objective, functional and has the ability to regulate the evaluation market. We have high expectations from this law. It will ensure the removal of non-professionals from the market, the regulation of the market and the further improvement of the evaluator’s reputation. We hope that very serious measures will be taken in this direction. We believe that if the Chamber of Appraisers is created, it will be possible to ensure the implementation of objective control, coordination and coordination in this direction. Then new horizons will open for professional companies, which will be able to move from being independent in the market to today. to compensate for the losses he incurred. We hope that the creation of the chamber will result in serious steps in the direction of entrusting the work to a professional, restoring stability in the market, and eliminating arbitrariness.”
V. Oruj noted that the chamber and society will work in parallel:
“Many people think that if a chamber is created, there is no need for society. But this is not the case. For example, Azerbaijan has the State Tourism Agency and the Azerbaijan Tourism Association. The association is engaged in social activities. But the agency is engaged in the administrative management and regulation of this area. After the establishment of the chamber, the administrative in the direction, and the AQC will work in the direction of further development of this profession, application of innovations, standards, coordination of evaluators. The work of these two institutions will not contradict each other, but will be helpful.”
How will the expansion of reconstruction works in Karabakh affect the real estate market?
The expansion of restoration and construction works in the territories freed from occupation will lead to revival in the real estate market of Azerbaijan.
Vugar Oruj, Chairman of the Azerbaijan Appraisal Society (AQC), said this in his statement to “Report”.
He said that the work done in Karabakh is a serious incentive for the market.
“Investment in those areas improves the economic situation in the country and creates an incentive for economic development. In any country where there is an activity aimed at economic development, there is a revival in the price of real estate. If we look at the history of Azerbaijan’s development over the last 30 years, we will see that in the periods in which there were signs of economic development due to oil revenues or certain economic projects, real estate prices were higher in those periods than in other periods. Currently, very serious work is being done in Karabakh in the direction of infrastructure restoration, and investment projects are being implemented by both local and foreign companies. This can be the driving force for the beginning of the revival process in the real estate market in those areas and other regions of the republic. These works have just started and we do not feel the impact of these works directly in our daily life. But if the activity in the direction of investment in those areas becomes stronger, this can be an incentive for a very serious increase in the price of real estate. From this point of view, the innovations currently taking place in the regions of Azerbaijan, including the liberated areas, are directly related to the real estate market and can play the role of a very serious stimulus for the revival of the market.”
V. Oruj said that the works done in Karabakh will increase the rent prices of real estate.
“Infrastructure restoration in any area takes place at the expense of manpower and equipment. This leads to an increase in the rental price of houses and the rental price of equipment in places close to those areas. Currently, the price of construction equipment has increased by 25-30%. Attracting a new labor force to our liberated areas, creating a business environment in those areas and taking steps to restore infrastructure will lead to an increase in rent prices in the surrounding areas. At present, the state has created certain guarantees for the living of that labor force in the regions. But when this process takes a larger scale, we will witness that it will be reflected in the rent prices.”
At the same time, according to the expert, there is a food crisis, devaluation and other economic problems in the world: “These problems can compensate for the possible revival in the real estate market. If it were not for the listed economic problems, the revival in the real estate market would be more pronounced and more extensive. it would be,” added the chairman of the AQC.