The Ministry of Taxes has included the name of the Director of Property Investments (subsidiary of JSC Industrial-Construction Investment Corporation Acccord) Fariz Ibrahimli in the list of persons whose travel outside the country is forbidden. The reason for that is the outstanding tax debt of a few thousand manat not repaid timely.
Ltd. Property Investments was established in 2015 for the purpose of management of non-residential premises within the nine apartment complexes built by the corporation in Baku. According to the company, their total area reaches 77 thousand square meters. These are underground garages, non-residential and residential buildings.
In September, the Ministry imposed a ban on leaving the country by one more representative of Accord, Director of Accord Beton Ugur Babayev. After that, the amount of the debt has declined from 448,000 to 158,000 manat.
Note that as of October 31, a ban on leaving the country acted against the head of 645 companies. -----08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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