The Tax Ministry registered the company "Gilan Agro". A source in the group of companies "Gilan Holding" confirmed for Turan that the company set up by this holding will be engaged in intensive horticulture.
The company said that in the regions of the country are divided orchards, and in coming years will give the first crop.
Ministry of Economic Development in 2011, funds projects for intensive gardening, creating nurseries and seed farms. Loans granted by the National Fund for Entrepreneurship. According to the foundation's Web site, at the implementation stage are 9 such projects aimed at the intensive cultivation of apples, pomegranates, olives, etc. Gilan Holding is a user in soft loans NFES.
Group of companies Gilan Holding owns LLC "Agro-Azerinvest" which owns 2,000 hectares of land in several areas of the country since 2004, is the European grape varieties and made wine. The holding company owns several factories, dairy and livestock farms. He also wrote a number of plants for the production of fruit juices and preserves. The company has a leading position in the agricultural sector. Only one of these plants ("Gilan Qebele Senaye Istehsal") is capable of handling up to 700 tons of fruits and vegetables. Since 2007, the capacity of the plant was increased by more than 4 times. - 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