JSC Industrial-Construction Investment Corporation Accord established a new trucking company. The capital is 28 million 658.2 thousand manats.
Prior to that, the structure of the corporation included at least two transport companies: LLC Accord Logistic Services and LLC Accord Neqliyyat Service. The corporation has a fleet of more than a thousand trucks and construction machinery.
Recall that in 2014 Accord began to form a holding company by separating into independent commercial entities and other industrial units. In particular, it formed Gazakh Cement Plant, Accord Beton, Accord Mermer-Qranit, Accord Prefabrik, Accord Steel Construction Company, Accord Asphalt, Korpu Tunnel Tikinti and other companies.
The break-up of the corporation is carried out with the purpose of “starting a more efficient form of government”.
The corporation Accord includes several dozen companies in Azerbaijan and abroad. The corporation is controlled by Kamil Ashrafov through the company VIP Estate. --08B-
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