JSC Bank Avrasiya Changes Shareholder
LLC PMD Group (TIN: 1701459191) announced a merger with LLC Galaktik (TIN: 1401427871). This company since 2013 was the owner of 37.5% of the shares of Bank Avrasiya and was considered a major taxpayer.
In the online resources there is no information on the ownership of these companies. There is no information about these companies even in the state register of commercial legal entities, which is maintained by the Ministry of Taxes. However, there is much indirect evidence that both companies belong to the company Pasha Holding.
It is noteworthy that in 2012 through the merger of the assets of Photon and Yeddi Bulag their assets moved to LLC Galaktik.
It was recently announced that three more companies close to Pasha Holding also merged. PMD Industries, Avant-garde I and Baku Development merged and will continue to work under the new name - LLC Amal Development.
Some of these companies are led by Araz Aliyev, who is represented in other commercial structures of Pasha Holding.
The merging of these companies says that in fact we are talking about the consolidation of the business. --08B
Economics
-
The market for vegetable and animal fats in Azerbaijan is largely shaped by a structural dependence on imports, as domestic production remains insufficient to meet the country's growing consumption needs. This dependency is underscored by several economic factors, including limited agricultural production and a lack of processing facilities, leaving the sector ill-prepared to reduce reliance on foreign supplies.
-
The INMerge Ventures venture capital fund has been established in Azerbaijan, aimed at boosting the development of the country’s innovative and startup ecosystems, officials announced on Tuesday.
-
Azerbaijan is set to roll out a comprehensive digital economy development strategy in 2025, aimed at transforming the country's economy through human capital development, innovation, and the digitalization of business processes, an official announced on Tuesday.
-
Issues related to the development of the energy sector through digital innovations were the subject of negotiations between Rovshan Najaf, President of SOCAR, and Seita Hagihara, President and Vice President of Yokogawa Electric Corporation, a leading Japanese multinational company specializing in electrical engineering and industrial automation.
Leave a review