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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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