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
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review