The State Committee for Securities registered the issue booms of the shares of Azerbaijan Construction Investment Group in the amount of AZN 1 million. The placement of shares will be made by private among shareholders, according to the Committee reports.
According to the Ministry of Taxes, Azerbaijan Construction Investment Group was registered in August 2011. Under the Civil Code, the shareholders must pay a stake in the joint-stock company to the founding meeting. The state registration of the company has with the share capital, which means that it has held appeal for the state registration of its shares for exactly half of the year.
There is no information about the projects undertaken by the company. Since June 2012, information on founders profit entities is confidential. Therefore, there is no information about the founders of JSC Azerbaijan Construction Investment Group. - 08D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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