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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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