In December, the group of companies Gilan Holding established two companies using the brand name. Thus, despite the economic and financial crisis the holding company continues to grow.
According to the Ministry of Taxes, referring to the register of commercial legal entities, in order to promote real estate development and agricultural activities, Gilan Development Company Ltd. and Gilan Vegetables Ltd. were established. Their authorized capital is set at 100 manat.
Gilan is one of the most active participants in the construction and sale of real estate in Baku and regions of the country as well as abroad. The group has dozens of enterprises in agricultural production and agro-industrial complex. The company owns several thousand hectares of agricultural land in Azerbaijan. --08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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