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
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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