In 2012, in Azerbaijan 421 legal entities were abolished. Only at the beginning of this year the country registered 78,966 legal persons, which is 4.4% more than in 2011. This was held on January 18 press conference, said the chairman of the State Statistics Committee Arif Veliyev.
In addition, the country at the beginning of this year, there were 432,000 individuals engaged in entrepreneurial activities without creating a legal entity. This is 18.5% more than the year before. About 40% of individual entrepreneurs engaged in trade and repair of motor vehicles. In transport and warehousing work 17.3% of individual entrepreneurs.
The main part of the country's companies with 100% foreign capital, established by Turkish citizens. They account for 26.9% of these companies. This is followed by companies set up by people from Britain - 8.9%, Russia - 5.6%, Iran - 4.9%, USA - 3.8%, Germany - 2.1%, etc. - 08D -
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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