In Azerbaijan it is harder to get information, according to official inquiries, said, speaking at the Black Sea NGO Forum in Bucharest, chairman of the Center for Economic Research, PhD Gubad Ibadoglu.
According to him, the last change to Article 4 of the Law of Azerbaijan "On Commercial Secrets" involves hiding data on participants (founders) commercial entities and their shares in the authorized capital of the enterprises.
This provision is in conflict with the early version of the law "On receipt of information." However, in this paper the parliament has amended the reaction, giving officials unlimited field for the refusal in the event that it is found that the request violates the public interest in the political, economic, defense, finance, social and moral values, the judiciary, health, reproduction, and so on.
According to the economist, the country has recently joined the International Partnership Initiative of open government should not violate the principle of openness. He urged NGOs Black Sea countries that are members of the Initiative, to join the multilateral cooperation and to work on improving the business environment in the region. - 17D-
Economics
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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.
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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.
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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.
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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.
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