CJSC Baku Metro became Azerbaijan's largest commercial structure on the size of the authorized capital. Cabinet approved on June 25th, the charter and structure created on February 27 of this year the company.
As of early 2010, the share capital amounted to Metro 484 143 800 manat. In February this year by the Head of State to the subway was attached state JSC Azertunelmetrotikinti (Azertonnelmetrostroy). Now JSC capital Baku Metro is 1,770,950,700 manats. The nominal value of state-owned shares is 14.14 manats.
Following the underground volume of the authorized capital should JSC Azerenergy 1 billion 760.5 million manat.
The structure of the Baku Metro JSC includes 11 enterprises with legal status and 11 units without the status. The main purpose of the JSC is underground development, strengthening of the material-technical base, improving the quality of passenger transport, the construction of new lines and subway stations.
Metro will publish in the media's annual financial report, and place them in the corporate website. His activities are always subsidized from the state budget.
Note that, despite the government's statements about the growth of private enterprise, the state, represented by JSC Azerbaijan Railways (726,146,300 AZN), JSC Azerbaijan Airlines (823,974,400 AZN), JSC Bakielektriksebeke (623,533,600 AZN), JSC Azerbaijan Caspian Shipping (383,420,600 AZN), etc., owns more than 50% of the share capital. - 08D-
Economics
-
President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
-
Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
-
Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
-
The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
Leave a review