In the first half of 2016 Azerbaijan registered 4,362 legal entities, as well as branches and representative offices of foreign companies.
According to the State Statistics Committee, the number of companies registered by the state increased compared to the same period in 2015 by 29.7%.
According to the regional division, Baku has 63.1%, the Absheron economic region has 7.7%, Aran ER has 11%, Lankaran ER has 4.7%, etc. new companies.
Independent research found that many companies are created by unknown persons to participate in public procurement. One and the same person manages dozens or even over a hundred companies. These companies are established mainly in rural areas.
An exception is the Nakhchivan Autonomous Republic, where such proxy companies are practically unavailable. This year no more than 10 legal entities have been set up in Nakhchivan. However, the results of tender procedures in the NAR are not made public. ------08
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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