Owners of ASAN Imza (electronic signature) in Azerbaijan can now reserve a name to reopen the company for a period of 60 days under electronic registration. Subsequently, the name chosen is approved or replaced by the new owner.
The service "Reservation (backup) of the names of commercial entity" was introduced by the Ministry of Taxes.
Reservation of requests for brand names is available in the centralized database of trade names in the Ministry of Taxes via the Internet by the founders or by the registration authority on the electronic application.
The service is implemented in accordance with the Law on State Registration and State Register of Legal Entities.
This practice has long been used abroad and gradually adopted into service in the post-Soviet countries. -0--
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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