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Welcome to Baku City Circuit
I have stopped counting Aliveys nice gestures, he is really acting like one would expect from his brother, iyiki varsin Azerbaycan.President Ilham Aliyev will visit Turkey as Erdogan is unable to visit Azerbaijan for 2nd time due to another terrorist attack in Turkey (Allah Rehmet Elesin)
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Большой жест от Алиева: Эрдоган не может приехать, он летит к нему
Sasirdim kardesim, Neden HAZAR icin biz yapmiyoruz ??????
Made by SEDEF Yards Istanbul
http://www.seaspan.com/seaspan-ferries
Shipbuilders may be free from VAT, customs duty in Azerbaijan
Five-year exemption from value added tax, customs duties and compulsory fees for the state social insurance has been suggested for the residents of Garadagh industrial park who are engaged in shipbuilding.
Relative amendments to the Tax Code, Laws on Social Insurance and on Customs Tariff were discussed at the meeting of the parliamentary committee for economic policy, entrepreneurship and industry on April 18.
Amendments suggest to exempt any type of imported goods used by the residents (shipbuilders) of the industrial park from VAT and customs duties for five years starting from May 1, 2016.
Regarding contractors, application of zero VAT are offered to the residents on the sale of the goods that are used in shipbuilding while implementing various works and providing services, as well as to the sub-contractors selling products to contractors and carrying out different works or services for them.
Foreign contractors and sub-contractors who are hired by the residents of Garadag industrial park to work in shipbuilding are also expected to be exempt from compulsory fees on the state social insurance for five years beginning from May 1, 2016.
Baku Shipyard LLC received the status of the first resident of Garadagh industrial park last year.
Baku Shipyard LLC was commissioned on September 20, 2013. The participants of the project on the construction of the plant were the state-owned oil and gas company of Azerbaijani of SOCAR (65 percent), Azerbaijan Investment Company (25 percent), and Singaporean KV Enterprises B.V. which is a subsidiary of the Singaporean Keppel Offshore and Marine, KOM (10 percent).
The plant is designed for the construction of a wide range of specialized and merchant ships including multi-purpose offshore vessels such as platform supply vessels, tankers and cargo ships. The company also implemented ship repair works.
Once reached its full capacity, the plant will be able to carry out 100 repair or rebuilding works a year.
In June 2015, Azerbaijan President Ilham Aliyev signed a decree on the establishment of Baku Industrial Park in the territory of Garadagh district.
http://www.azernews.az/business/95347.html
SOCAR begins consultations with Georgian government on threshold of tender for gas storage construction in this country
The State Oil Company of Azerbaijan (SOCAR) will conduct consultations with the government of Georgia related to the upcoming announcement of the tender for the construction of a gas storage at field of Samgori South Dome.
SOCAR Energy Georgia’s head Mahir Mammadov says that SOCAR has definite interest to participate in the construction of this gas storage facility, the tender for which has not yet been announced.
"We participated in an event on 15 April on the presentation by French company Geostock a draft feasibility study of the construction of this first-in-Georgia gas storage facility. We are waiting for the announcement of a tender for construction, hold relevant consultations with the Georgian government," Mammadov said.
SOCAR’s interest is explainable - the main source of gas for this gas storage is from Azerbaijan.
Its estimated capacity is 210-280 million cu m (15% of total annual gas consumption by Georgia).
In Georgian government’s opinion, the construction of the gas storage in the field of Samgori South Dome will help resolve force majeure issues with providing gas and will ease the imbalance between supply and consumption of gas.
http://abc.az/eng/news/main/95523.html
Foundation of a rail bridge of Azerbaijani and Iranian parts of Astara to be laid this week
The construction of railway bridge Astara (Azerbaijan) – Astara (Iran) is to kick off this week.
The Iranian media write, the solemn ceremony scheduled for 21 April will be attended by head of CJSC Azerbaijani Railways (ADY) Javid Gurbanov, the co-chairs of the Azerbaijani-Iranian Intergovernmental Commission, Communications & Information Technology Minister Mahmoud Vaezi of Iran and Economy Minister Shahin Mustafayev of Azerbaijan.
The bridge across the Astara River can be commissioned in late 2016 or early 2017.
http://abc.az/eng/news/main/95527.html