In December, the group of companies Gilan Holding established two companies using the brand name. Thus, despite the economic and financial crisis the holding company continues to grow.
According to the Ministry of Taxes, referring to the register of commercial legal entities, in order to promote real estate development and agricultural activities, Gilan Development Company Ltd. and Gilan Vegetables Ltd. were established. Their authorized capital is set at 100 manat.
Gilan is one of the most active participants in the construction and sale of real estate in Baku and regions of the country as well as abroad. The group has dozens of enterprises in agricultural production and agro-industrial complex. The company owns several thousand hectares of agricultural land in Azerbaijan. --08D
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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