One of the major holdings of Azerbaijan, PASHA Holding, set up another subsidiary in June. The authorized capital of Pasha Development was paid in the amount of 16 million manat. This information is posted on the website of the Ministry of Taxes.
The investment holding was founded in November 2006. It consists of two banks, an insurance company, a tourism company, a construction company and an entertainment company. At the holding's corporate website it is noted that it is the holder of small stakes in some companies. Probably, they mean companies abroad.
PASHA Holding belongs to one of the most influential clans in Azerbaijan - the Pashayevs family. -08D-
Economics
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Azerbaijan’s President Ilham Aliyev has signed a decree approving the "National Strategy for the Efficient Use of Water Resources," aiming to enhance water management and address water scarcity in the country. The decree, based on the Azerbaijani Constitution’s Article 109, mandates the coordination of measures outlined in the strategy by a commission established under a previous presidential decree.
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The market for vegetable and animal fats in Azerbaijan is largely shaped by a structural dependence on imports, as domestic production remains insufficient to meet the country's growing consumption needs. This dependency is underscored by several economic factors, including limited agricultural production and a lack of processing facilities, leaving the sector ill-prepared to reduce reliance on foreign supplies.
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The INMerge Ventures venture capital fund has been established in Azerbaijan, aimed at boosting the development of the country’s innovative and startup ecosystems, officials announced on Tuesday.
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Azerbaijan is set to roll out a comprehensive digital economy development strategy in 2025, aimed at transforming the country's economy through human capital development, innovation, and the digitalization of business processes, an official announced on Tuesday.
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