Baku Metro has become the largest commercial structure in Azerbaijan

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-