PASHA Holding created a new company
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-
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