Today, October 12th, the merger of 30 companies with LLC Ram-Nur was announced. On completion of the merger, the remaining 30 companies will be eliminated.
In the global network there is no information on the business activities of these companies, including Ltd. Ram-Nur. The Director of the company is Ramiz Gochaliev. The company's capital does not exceed 50 manats.
These companies were set up in 2008-2013. As Turan IA found out, the founders of these companies are different individuals, although 31 companies were established at 7 addresses in Baku.
The Ministry of Taxes included Director of LLC Tekhnovilla Kenan Veliyev in the list of persons, whose leaving the country is limited because of the tax debt. Turan clarified the debt is 4,508 manats. And in 2015, the State Social Protection Fund filed a lawsuit against Elite Catering Company because of the debt on compulsory social insurance. ----08D
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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