More than 2,400 employees of the pharmaceutical company Riyad Farm have remained without a salary for three months.
The reason is that its President, Hassan Sharifov and Executive Director Adil Guliyev are accused of embezzling $ 200 million in a loan taken from the International Bank of Azerbaijan. A few days ago they were detained by the Office of Fight against Organized Crime of the Ministry of Internal Affairs. However, the official leadership of the agency is figurehead, and in fact the company belongs to a cousin of the President, Ilgar Aliyev.
Pharmacies attached to Riyad Farm have also closed. Turan IA’s appeals to the leadership of the organization remained unanswered.
Recall, recently the Ministry of Taxes has published a list of debtors in this segment. This agency has appeared in the black list of tax officers for the first time. --17D-
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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