JSC Industrial-Construction Investment Corporation Accord continues the process of functional fragmentation into separate companies, which started in 2014. An independent company this time is the Department of construction of bridges and tunnels.
According to the Ministry of Taxes, state registration was passed by Korpu Tunnel Tikinti Company. Director of the Company is the former head of the Department of Construction of bridges and tunnels Aslan Ismayilov.
The authorized capital of LLC Korpu Tunnel Tikinti is set at 10.6 million manats. The share capital of the corporation amounts to 74.1 million manats.
The corporation Accord includes several dozen companies in Azerbaijan and abroad. The corporation is controlled by the Ashraf Kamilov via LLC VIP Estate. -----08B
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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