Ltd Pasha Development for the third time this year has increased its capital. The founder (LLC Pasha Holding) has brought AZN 9 million to its authorized capital.
According to the state register of commercial entities, the share capital of LLC Pasha Development is now 212 million 273.9 thousand manat. The initial capital of the company (June 2012) was 16 million manat.
Note that this company is engaged in the acquisition, development and management of real estate.
Pasha Holding is controlled by the daughters of the President of Azerbaijan Leyla Aliyeva and Arzu Aliyeva. Its assets are estimated at 3 billion manat and the initial equity - 800 million manat. In the State Register of commercial organizations there is no information about the holding company and its subsidiaries, including JSC Pasha Bank, Pasha Construction and others. ---08B
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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