The Construction Investment Corporation Accord on January 26 established another new company, which will build hydroelectric installations.
The office of LLC Accord Hydro-technical Construction Company is located in one of the corporate headquarters - 59 Teymur Aliyev Street? Baku. In the construction sector Accord is most involved in capital construction of roads, water supply and sewage systems, residential buildings. The corporation in 2014 also started the construction of the underground tunnels.
It is possible that the new company has other co-founders, including foreign ones. Since the summer of 2012, information on the founders and their equity participation in commercial legal entities in Azerbaijan is considered confidential.
Accord Corporation was established in 2005 and has subsidiaries and representative offices in six countries controlling stake in 8 local joint stock companies and more than 20 companies in Azerbaijan and other countries. Control of the corporation is carried out by the company VIP Estate. ---08D
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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