In 2016 8,012 commercial and non-profit legal persons were created in Azerbaijan, which is 27.8% more compared to 2015. As of January 1 this year there were 107,358 legal entities in Azerbaijan, which is 7% higher than a year earlier, the State Statistics Committee said.
During the year, 200 state-owned enterprises were established (in 2015 - 255), as well as 536 companies with 100% foreign capital (412) and 135 joint ventures (115).
Last year, Azerbaijan abolished 979 legal entities, 475 more than in the previous year. Liquidated were 133 state organizations and enterprises, 82 enterprises with 100% foreign capital and 11 companies with mixed capital.
As of 1 January 2017 Azerbaijan registered 92,128 businesses. ---08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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