Joint Leasing Company, according to the plans for the year 2013t, has attracted external funding in the amount of $ 2 million from GFM Cossack Bond Company.
As stated by Elchin Ahmadov, Director General of Joint Leasing Company, this is the first phase scheduled for the year of work to attract external funding. Further Joint Leasing Company intends to increase the amount of borrowed funds and to increase cooperation with the company as GFM Cossack Bond, and with other financial institutions.
Cost sharing will be used to finance small and medium-sized businesses.
The country's largest leasing company JSC Joint Leasing Company has operated from June 14, 2007 as the legal successor of the first leasing company in the country - Azerleasing. The shareholders of Joint Leasing Company are the British company DH Leasing LTD (52.4%) and the International Bank of Azerbaijan (47.6%). - 15D -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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