One of the ten largest corporations of Japan opened office in Baku
Shinyei Kaisha Corporation opened a representative office in Baku. It cooperates with the Ministry of Emergency Situations of Azerbaijan to stabilize landslide on the Bail descent.
The company Shinyei Kaisha is one of the ten largest corporations in Japan and is engaged in providing solutions for the safe maintenance of infrastructure, prevention and disaster prevention, delivery of Japanese construction materials, electrical products and engineering products, as well as the creation of educational systems in the field of mechatronics.
The corporation was founded in 1887 and has offices and subsidiaries in several countries. The annual turnover is 50 billion Japanese yens. - 08D-
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- 21 June 2014 13:16
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- 21 June 2014 14:22
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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