Export from Georgia to Azerbaijan
As reported by Newsgeorgia.ru, Georgia's exports of goods to Azerbaijan for January-August 2010/2009 increased by 29,5%, amounting about $ 155million. An increase has made $ 35.3 million. From the same source can be seen what this significant increase is reasoned by. For example, car reexport from Georgia to Azerbaijan almost doubled (from $ 39.3 million to $ 69,2 million) and an import of steel rebar has sharply increased by $ 13.2 million, (from $ 1 million to $ 14,2 million). Such a large increase in import of steel rebar from Georgia is likely due to regular production suspensions of the largest steel manufacturer in Azerbaijan, Baku Steel Company (with a rather low quality of metal), as well as the opening of Geosteel steel mill in Georgia in 2009. Georgian-Indian Geosteel also maintains an active policy of selling its products in Armenia with the help of intermediate Armenian company Mikmetal.
Baku Steel Company was founded in 1998 and started operating in 2001. The main raw material of the plant is scrap metal, purchased from the local market, and, according to Honored Builder of Azerbaijan Emil Akhundov, this causes low quality of product. Since August 2009 the company changed ownership type and became an offshore "Baku Steel Company Limited" company with registration in the Isle of Man with new leader, a citizen of Germany, Axel Borowski, who was replaced by Suleiman Akhmedov in July 2010.
Reference: The Isle of Man is a dependent territory of Great Britain with a high degree of autonomy. The island is located in the Irish Sea, not a member of EU and has its own tax legislation. On the basis of survey of visitors of Trip Advisor authoritative portal, Men island took the honorary eighth place in the world for its attractiveness!
Baku Steel Company was founded in 1998 and started operating in 2001. The main raw material of the plant is scrap metal, purchased from the local market, and, according to Honored Builder of Azerbaijan Emil Akhundov, this causes low quality of product. Since August 2009 the company changed ownership type and became an offshore "Baku Steel Company Limited" company with registration in the Isle of Man with new leader, a citizen of Germany, Axel Borowski, who was replaced by Suleiman Akhmedov in July 2010.
Reference: The Isle of Man is a dependent territory of Great Britain with a high degree of autonomy. The island is located in the Irish Sea, not a member of EU and has its own tax legislation. On the basis of survey of visitors of Trip Advisor authoritative portal, Men island took the honorary eighth place in the world for its attractiveness!
