The financial and industrial group Gilan Holding, which unites hundreds of companies and enterprises in Azerbaijan and outside the country, established on October 26 a new trade and distribution company Gilan FMCG Trade and Distribution in Baku.
According to the published information the Ministry of Taxes, the authorized capital of the company is set at 100 manat. The Director of the Company is Tural Alizadeh.
Gilan has several retail and distribution companies engaged in import-export business and distribution of consumer goods. The turnover of these companies is not made public, as the holding company does not publish consolidated financial statements.
Gilan Holding Group is owned by the family of Minister of Emergency Situations Kamaladdin Heydarov. --08D-
Economics
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A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
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The Cabinet of Ministers of the Republic of Azerbaijan approved amendments on July 17 to the list of goods, services, and tariffs regulated by the state, as well as adjustments to import and export customs duties. These changes, guided by Article 119, paragraph 8 of the Constitution of Azerbaijan, aim to streamline economic activities and improve the regulatory framework.
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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