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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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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