Over three quarters of this year registered in Azerbaijan were 5,152 profit entities. According to the committee, 55.5 % of them were established in Baku.
The share of unregistered companies with 100 % foreign capital (388 subjects) and the joint capital (103) was 9.5 %. From the beginning, the government has established 165 enterprises.
As of October 10 this year, the number of individual entrepreneurs has reached 452 thousand subjects.
In July 2012 , after a change in the laws of Azerbaijan "On Commercial Secrets " and "On State Registration and State Register of Legal Entities" of confidential information about the founders, the Tax Ministry has suspended the publication of a monthly review of the mode of registered commercial entities. This prevents access to information about the newly created companies. - 08D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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