The official gazette of the Ministry of Taxes published information about the closure of nine companies with foreign capital. These are mainly companies from the UK and Turkey.
Regarding the closure of offices in Baku, it was announced for three UK companies: Ivor Promotions LLP, Arcotrans LLP and Accenture (Azerbaijan) Limited.
LLC ASSAM, Ceka, Mistral and Yuksel Insaat A.S branches representing the Turkish business unfolded their activity in Azerbaijan. Ltd. ASSAM, for example, engaged in processing and packaging of tea in the Lankaran region.
Offices of New Dynasty International Group Limited (Hong Kong) and Cadbury Cis B.V. (Netherlands) closed.
According to the SSC, in the first nine months of 2016 60 companies with 100% foreign capital and 5 joint ventures closed in Azerbaijan. --08B
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review