The CJSC "Azerbaijan Caspian Shipping Company" (Kaspar) plans to decide on the insurer property on its balance sheet before February 29. According to the information on the site of the closed joint-stock company, the winner will be revealed on the basis of open competition.
Kaspar as a CJSC company was established by the decree of the president of the country on 22 October, 2013, when the assets of the Azerbaijan State Caspian Shipping Company and SOCAR Caspian Sea Oil Fleet of State Oil Company were merged. The joint structure includes not only transport, but also specialized ships and shipyards. --17D-
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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