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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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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