JSC "Synergy Group", one of the fastest growing holdings in Azerbaijan, create a second account for a trading company in May this year. Holding, operating since 2010 in the fields of manufacturing, construction, building materials, agriculture, education, tourism and hotel business, developing presence in the area of trade.
According to the Ministry of Taxes, on June 18 passed state registration Ltd. "Synergy Trading". The official address of the company coincides with the central office of one of the fastest-growing holdings of Azerbaijan "Synergy Group" - Baku, st. Zarifa Aliyeva, 55 (business center "Yeni Hayat.") Before that Group established OOO "Synergy Trade House." The authorized capital of the company invested 500 manats. Director of the Company appointed Namig Alasgarov.
This year "Synergy Group" has established four companies are not using their trademark ("Synergy CSR", "Synergy Jet", "Synergy Trading" and "Synergy Trade House.")
JSC "Synergy Group" was established in April 2010. The financial-industrial group includes at least 30 companies, some of which operate in the country. The holder of 99% of its stake in the group is Ashraf Kamilov.- 08B-
Economics
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In the first 11 months of 2024, the State Oil Fund of Azerbaijan (SOFAZ) reported foreign currency sales totaling USD 6.494 billion, marking a 2.55-fold increase compared to the same period in the previous year.
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Azerbaijan's metallurgical and manufacturing sectors are experiencing a dramatic upswing, with steel rebar production climbing 78% in October 2024 compared to the same period in 2023. Over the first ten months of the year, the country produced 382,900 tons of rebar, underscoring significant progress in domestic output and industrial capacity.
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Steel production in Azerbaijan is on the rise, growing by 19% in 2024, signaling recovery in a sector often regarded as an industrial health indicator. Bolstered by increased demand from the construction and oil and gas industries, this steady growth underscores broader efforts toward economic revitalization.
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Azerbaijan's Energy Minister Parviz Shahbazov announced on the social media platform X that on Tuesday, he held discussions with Guinea-Bissau's Foreign Minister Carlos Pinto Pereira about potential energy partnerships. The meeting highlighted Guinea-Bissau's interest in Azerbaijan's expertise in energy, particularly in green energy, decarbonization, and oil and gas development.
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