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 state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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