In Nakhchivan liquidated companies more than established

In 2012, in the Nakhchivan Autonomous Republic (NAR) was established 21 legal persons and liquidated 22 companies. According to experts, this trend indicates a low level of development of private business in this autonomy.

According to the State Statistics Committee, the NAR, as of 1st January 2013 there are 1832 statistics reporting units, including state agencies and local governments. According to local media, business in this autonomous region is concentrated in the hands of the Supreme Mejlis of Nakhchivan Vasif Talibov, a relative of President Ilham Aliyev. Talibov controls "Cahan Holding" "Gemiqaya Holding", which produce the bulk of GDP of Nakhchivan. - 08B-


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