OJSC Industrial and Construction Investment Corporation Accord has created a new company - LLC Hydraulic Mechanism Company, the Ministry of Taxes informs.
At the company's founding in December last year, its head was Hafiz Namazov. Now the Director of the company is Rustam Shahbazov.
In Azerbaijan, official data on the registration of commercial legal entities are published with a delay of approximately 2-3 months.
According to these data, at the end of last year, the corporation Accord established the joint venture Accord ve Chakir Yapi Birge Muessisesi with the Turkish company Chakir Yapi Sanayi ve Ticaret A.S. Ukrainian media say this joint venture won a tender (https://goo.gl/KJW34w) for the repair of the Kiev-Chernigov-Novye Yarylovychy road worth over 109 million Euros. --08D-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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