Since early year 208 juridical persons liquidated
During 6 months, 2013 208 commercial juridical persons were liquidated in Azerbaijan, one third of which falls to the enterprises of commerce and repair of transportations, a source from the State Statistical Committee told Turan.
Meanwhile, during 6 months 3,833 new companies and enterprises were opened in Azerbaijan and by July 1, 2013 their number reached 82,355. Number of juridical persons increased by 4.3% against the same period last year. Baku still attracts investments: 54% of new companies will work in the capital.
Majority (3,337 or 87%) of the created companies has been established by local investors. By July 1, 2013 number of companies with 100% local private capital totaled 65,278.
This year 256 companies, branch offices and representations with 100% foreign capital were registered by the Taxes Ministry. By early July 2013 the country numbered 4625 such companies. This year foreign residents established 80 joint ventures with the Azerbaijani companies. By present there are 1,535 JVs in Azerbaijan. According to the Statistical Committee, 31.7% of JV and companies with 100% foreign capital have been established jointly with Turkey, 9,9% with UK, 7.1% with Russia, 5.5% with Iran, 4.2% with US, 2.4% with Germany and etc.
1755 local self-government agencies are also considered as juridical persons.
9,162 enterprises and organizations belong to the state. This year 148 enterprises were established at the expense of state funds.
The enterprises of commerce and service of transportations 27.3% (22,500) dominate among the juridical persons. Then come construction companies (9,100 or 11.1%), enterprises of agriculture, forestry and fishing economy (9,000 or 10.9%) and processing industry (5,300 or 6.4%).—0—
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review