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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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