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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Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
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At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
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