The Ministry of Taxes canceled the registration for another 5 foreign companies in Azerbaijan.
According to the Ministry of Taxes, they are Distrilab, Buz Alen Hamilton Inc., Grundfos Pompa Sanayi ve Ticaret Ltd., Niko International Ltd. and Makimsan Asfalt Taahhut Insaat Sanayi ve Ticaret Anonim.
The Ministry of Taxes does not give additional information about the closure of the companies and the reasons for their withdrawal from the market.
Last Sunday the oldest European group of luxury hotels, Kempinski discontinued its business in Azerbaijan.
Azerbaijan was also left by Russian Aktavis, British BJ Services Company Middle East Ltd, Swiss Schering Plough Central East AG, Turkapital Holding, Singapore Petro Singapore Trading PTE Ltd., Belgian Puratos, and Royal Dutch Shell Plc. The activities of French Technip Maritime Overseas Ltd and Italian Maccaferri Azerbaijan were suspended. The intention to withdraw from the oil project ACG was announced by ONGC Videsh Limited. Foreign companies and individuals began to take capital away from Azerbaijan after the start of the economic crisis in 2014. --0-
Economics
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A presentation of the 2024 Roadmap for improving Internet utilities, part of the World Bank Group's "Favorable Business Environment" project, took place in Baku, officials said on Thursday.
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A strategic partnership agreement was signed in Baku today between Green Capital Management, a UAE-based company with Azerbaijani investments, and the Qatari company Al Baladi Holdings. The document was signed by Adnan Ahmadzadeh and Khayal Gaibov (Acting CEO), shareholders of Green Capital Management, along with Mohammed Abdullah Hamad Al Ibrahim Al-Attiyah, owner and President of Al Baladi Holdings, and Executive Director Hani Al Sayadi.
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Azerbaijan and Serbia convened today in Baku for the 8th meeting of their intergovernmental commission on trade and economic cooperation. The session was co-chaired by Azerbaijan’s Minister of Labor and Social Protection, Sahil Babayev, and Serbia’s Minister of Culture, Nikola Selakovic.
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President of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovshan Najaf met with Chairman of the Board of the Kazakh National Company KazMunayGas Askhat Khasenov to discuss issues of expanding cooperation and increasing the volumes of transit of Kazakh crude oil through Azerbaijan.
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