Capital of One Entity of Pasha Holding Exceeded 203 Million Manat
LLC Pasha Development has again increased its capital this year. This time the capital of the subsidiary of Pasha Holding was invested more than 144 million manat.
According to the state register of commercial legal entities, today the share capital of the company amounts to 203 million 273.9 thousand manat. Prior to this, the capital of LLC Pasha Development was estimated at 59 million manat. In the establishment (June 2012), the capital was invested AZN 16 million by the founder (LLC Pasha Holding). During the 33 months the capital of the company increased 12 times.
The site of the holding (http://pashaholding.az/business/pasha_development.html) states that the company is involved in the acquisition, development and control of realty. The office is located in the towers Baku Port.
Pasha Holding is controlled by the sisters Leila and Arzu Aliyeva, daughters of the President of Azerbaijan. Its assets are estimated at 3 billion manat. Numerous enterprises of the group employ more than 2,500 people. The holding includes JSC Pasha Bank (60%), Pasha Life (100%), Pasha Insurance (100%), Pasha Development (100%), Pasha Construction (60%), Pasha Travel (60%), Absheron Hotel Group (100%) and Capital Bank (99.87%). The group also holds small shares in several companies. ---08B
-
- Economics
- 7 April 2015 12:19
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review