A group of companies Dekot, which consists of six companies, has been established in Azerbaijan. Before on this same principle there were created three groups of companies. At the same time they are all located on the same address: Baku, 9 Suleyman Rustam Street.
According to the Ministry of Taxes, the main type of business companies Dekot Group, Dekot Capital, Dekot House, Dekot Mart, Dekot Property and Dekot Pact is property management. By the same principle in the fourth quarter of last year were formed the companies Blossom Group, Platek Group and Asset Group. Leader of the new group is Said Huseyn Oglu Aliyev, who previously worked in the Ministry of Taxes. He's in one form or another is presented in other companies - twins. Registration took place in April. This information is made public in late May.
The authorized capital of each company is 10,000 manat.
Note that all of these companies are located in the business center owned by JSC AtaHolding. However, the new companies are close to JSC Synergy Group. -08B-
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review