In the first nine months of this year Azerbaijan registered 4,566 legal entities, including NGOs and religious organizations. 351 businesses and organizations ceased their operations.
According to the State Statistics Committee, as of October 1, 2015 in the country there were 98.8 thousand legal persons, which is 4.5% more than in the same period in 2014.
The bulk of legal entities (82,900) are engaged in commercial activities.
From the beginning of 2015, 225 state-run, 54 municipal and 4,287 private companies with local capital have been created, as well as 311 companies with 100% foreign capital and 84 joint ventures. During this period, 40 companies with foreign capital and 13 joint ventures were established.
The share of Baku accounts for more than half (52,600) of the legal entities operating in the country.
According to estimates of SSC, 77,300 legal entities are related to the small business sector.
As of October 1 of this year the country registered 564 thousand individuals engaged in entrepreneurial activities without creating a legal entity. ----08D
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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