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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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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