Representation of A.P. International LLC (the US state of Rhode Island) announced its closing in the governmental media on 22 February. The company, which opened an office in Baku in 2005, has not reported on the reasons.
The company holds a 49% stake in the company SOCAR-Petroleum. The joint stock company was established in 2008 with the participation of the state-owned oil company and is engaged in import and sale of petroleum products and so on business.
Representative of the company in Azerbaijan was Togrul Seyidov, who also directs the company SOCAR-Petroleum.
Today, the closure of the joint venture Azerbaijan Turkiye Baku Insaat was also announced. It operated since 2005, and had a paid-up share capital in the amount of $ 425 thousand. ---08B
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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