The case of bankruptcy of JSC Investment Company Westmark Financial Leasing has been sent for consideration to the Baku Administrative-Economic Court №1.
According to the report of the court, at this stage, the company will be announced bankrupt by the judge Vusala Bahyshova. Paperwork on the suit on bankruptcy and insolvency will begin on November 18 at the preliminary hearing.
Recall the Financial Markets Supervision House on the fact of judicial decisions this year declared bankrupt 10 commercial banks, 3 insurance companies, and the same number of non commercial organizations with the financial sector "pressed down" by about 30%. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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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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