527 Legal Entities Officially Ceased Operations Last Year
The State Committee on Statistics pubished data on the number of business organizations with legal status. As of January 1 this year, the Ministry of Taxes registered 94 563 such organizations (+ 9.9% per year). For the fiscal cycle, they recorded 9 130 entities, while 527 discontinued their operations.
The view is as follows: 9 252 enterprises are employed in agricultural industry (+ 2.4%), 5 583 - in processing industry (+ 3.7%), and 10 206 (+ 9.4% ) - in construction.
Most of all there are wholesale and retail trade outlets and enterprises involved in repair of motor vehicles and household goods (24 890 or + 6.6%), while the other groups are as follows: financial and insurance activities - 1 509 (+ 6%), real estate - 1 011 (+ 16.6%), administrative and support services - 3 429 (+ 10%), information and communications - 2 142 (+ 11.8%), health and leisure activities - 1 465 (+ 5.5%), etc.
Private enterprises are 82,370 of the legal entities (87.1%), entrepreneurs with foreign capital are 5 429, joint ventures are 1 754, state-owned enterprises are 10 540, and municipal businesses are 1 653. --17D-
Economics
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On September 6, the State Oil Company of Azerbaijan (SOCAR) has announced a partnership with American oilfield services firm Halliburton to conduct research aimed at reassessing the hydrocarbon potential of the shallow-water section of the Guneşli field.
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The Food Safety Agency of the Republic of Azerbaijan (AQTA) is advancing its process of incorporating foreign high-risk food and feed production facilities into its official registry, the agency announced on Friday.
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Azerbaijan’s "Green Energy Zone" Working Group held its latest hybrid meeting to review the implementation of projects within the framework of the country's Social and Economic Development Strategy for 2022–2026, the Ministry of Energy reported on Wednesday.
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