The State Committee for Securities registered the issue of shares of JSC 8-ci Km Ticaret Merkezi on September 3. The government for the third time in the last 14 years has revised the organizational and legal form of the current Baku market №4, restoring the JSC.
The State Committee on Property in July this year changed the legal form of LLC Ticaret Merkezi-4 for a joint stock company, changing its name. The LLC was formed in February 2008, after the eponymous JSC was dissolved by a court order. JSC Ticaret Merkezi-4 was created and privatized at 100% in 2000-2001. The judgment of the Khatai court in Baku did not clarify the question of damages to the shareholders of the JSC.
Immediately after this decision, the company once again passed into state ownership. Some shareholders appealed to the European Court of Human Rights. However, the case has not been considered yet.
When created in 2000, the authorized capital of JSC Ticaret Merkezi-4 was 401,563 manat. The authorized capital of 8-ci Km Ticaret Merkezi was set at 1,031,082 manat.
In what way JSC Ticaret Merkezi-4 will be privatized has not been reported. --08B--
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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