JSC Construction and Investment Industrial Corporation Accord founded a company, which will deal with the exploitation of residential buildings built in Baku and Absheron.
Property Investments Ltd. told Turan the corporation Accord has built 9 residential complexes, where there are 10 thousand apartments. The main objectives of the company are regional planning and maintaining normal public services.
It is noteworthy that the authorized capital of Property Investments Ltd is 70 million AZN. It is solid capital on the scale of Azerbaijan. Moreover, this amount is only 4.1 million manat inferior to the authorized capital of the parent company. ---08B
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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