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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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