Azerbaijani investment company looking for auditor

Business Materials 21 July 2014 11:31 (UTC +04:00)

Baku, Azerbaijan, July 18
By Zulfiyya Gurbanova - Trend:

"Azerbaijan Investment Company" (AIC) JSC announces open tender for selection of auditor to conduct independent audit of the AIC in accordance with international standards, the tender commission said.

The tender participation cost is 50 AZN.

The tender bids with bank guarantee in the amount of one percent of their value, should be submitted to the commission not later than September 1, 2014. The opening of bids will take place at 10:00 local time (GMT+5) on September 2.

The auditing companies with at least three years of experience in auditing in Azerbaijan may participate in the tender.

In accordance with the tender terms, the audit should be completed by June 30, 2015, although this time limit may be extended by mutual agreement.

More information is available on the following contacts:

Contact person: Elvin Ashirov;

Telephone: (012) 488-80-10;
E-mail: [email protected]
Contact person:Mikhail Gomelko;
Telephone: (012) 488-80-10;
E-mail: [email protected];
Address:Baku, Khojaly Avenue 37, "Demirchi Tower".

The Azerbaijan Investment Company was established by the Decree of the President of Azerbaijan Ilham Aliyev on March 30, 2006 to finance the non-oil sector.

The only founder of the company is the Ministry of Economic Development.

The authorized capital of the AIC, amounting to 90 million AZN upon its creation, has increased to 160 million AZN by early 2010.

In 2012, AIC has been actively involved in a number of successful projects targeting industry development in the non-oil sector of the national economy, such as milk processing plant in Hovsan settlement, the new Holcim cement plant (former "Garadagh Cement") and the agroservice enterprise in Aghstafa.

The AIC has invested about 90 million AZN in projects so far. Overall, more than 900 million AZN of local and foreign investments attracted in projects with he participation of the AIC.

The official exchange rate on July 18 is 0.7843 AZN/USD.

Edited by S.I.