Last week, a group of companies "Gilan" established three new companies that will work in the field of agriculture. According to the State Register of commercial legal entities is at the address where the head office of the group of companies "Gilan Holding" (the business center Capital Plaza), founded the company "Gilan Cotton and Grain", "Gilan Vineyards" and "Gilan Agricultural International". The capital of all the companies is 100 manat. The first two companies are headed by a Russian citizen Roman Trofimov. Before that, he was appointed director of several agricultural companies Gilan. Gilan has a lot of companies working in the field of agricultural production, processing and packaging. Holding companies are engaged in viticulture and winemaking, grain and flour production, tea-growing, fruit growing, collection and processing of nuts. The ownership group has more than 3,000 hectares of land for growing a variety of perennial and other crops. Holding has several canneries, a network of textile industry. --08B--
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review