One of the biggest business structures of Azerbaijan, Gilan Holding , established in December another subsidiary - LLC Gilan Development Management.
Tax Ministry has registered this business on December 6th . Its charter capital is AZN 1,000 . The authorized capital of Azerbaijan is a mere formality . For example, the authorized capital of the financial and industrial group of "Gilan Holding" is only 4000 manat. At the holding company are not less than 100 companies and enterprises that are engaged in virtually all sectors of the oil and gas is not the economy.
The holding belongs to the family of the emergency situations minister Kemaleddin Heydarov, which is the third wealthy family after the families of President Ilham Aliyev and his father-in-law Arif Pashayev.
Gilan Holding contrary to law does not disclose its financial statements. For almost a 15 -year period of activity holding company managed to accumulate capital , which is estimated at several billion dollars. There is no information about how much the holding paid to the state budget in taxes. - 08B-
Economics
-
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.
-
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.
-
Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
-
Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
Leave a review