The Cabinet of Ministers decided to approve the charter and structure of Azerishyg.
According to information on its website, the authorized capital of the company amounted to 623,533,532 manats (total 311,766,766 shares with par value of AZN 2 each). The Board consists of four people: the chairman, the first deputy and two deputies.
Azerishyg consists of 7 regional offices arranging supply and sale of electricity: Baku Regional Authority (the center of Baku), Northern Management (the center is in Sumgayit), Northwest (Gabala), West (Ganja), Lowland (Imishli), Central Lowland (Mingechevir) and South (Shirvan).
By the order of the President, Baku Electricity Network was transformed into JSC Azerishyg on February 10, 2015 (Turan reported on that). Its function is to buy electricity on the territory of Azerbaijan and to provide reliable, safe and efficient power supply to consumers. --17D-
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review