Accord Corporation announced withdrawal of three companies from its ranks. They will continue to operate as separate companies.
The Corporation aims to reformat into a holding company that will meet "modern requirements and challenges."
In early October, completed the formation of companies Accord Beton, Accord Prefabrik and Accord Mermer Qranit by their registration in the Ministry of Taxes. The authorized capital of these companies was set at 17,500 manat.
In the past year the corporation lost a cement plant in the Gazakh region, where LLC Gazakh Cement Zavodu was created. In recent years, the authorized capital of JSC Industrial Construction Investment Corporation Accord changed repeatedly upward and downward and today it is 74,147,500 manat.
The corporation Accord was established in 2005 and has branches and representative offices in six countries, controlling share in 8 local JSC and 16 companies in Azerbaijan and other countries. Recently there was a change in the ranks of the shareholders of the corporation that is controlled by LLC VIP Estate. --08D-
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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