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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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