The Ministry of Taxes registered LLC Accord Novanord Construction on May 27. Thus, the number of subsidiaries Licen Corporation Accord reached 28.
According to public data public registry of commercial legal entities, the new "daughter" Accord Corporation has a registered capital of 25 000 manats and located in one of its offices in Baku. The manager is a citizen of Turkey Salih Serdar Cakmak.
Accord was founded in 2004 and its shareholding was completed in December 2006. In 2011, in the structure of its shareholders a majority stake (51%) fell into the hands LLC VIP Real Estate. The remaining 49% is divided equally between two individuals. The corporation is managed by Ashraf Kamilov. General meeting of its shareholders is scheduled for next week.
Accord has offices in six countries. The corporation has set up branches and companies in five countries. The company owns many enterprises producing building materials in Azerbaijan. It is also an active participant in public infrastructure projects. - 08B -
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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