In January-April 2015, 60 companies, including 16 joint-stock companies, with the participation of the Azerbaijani capital were founded in Turkey, according to the Union of Chambers and Commodity Exchanges of Turkey.
Participation of Azerbaijani investors in the capital of the joint stock companies created for the period is 76.5% (4,391,500 Turkish Liras). In the capital of limited liability companies Azerbaijani entrepreneurs invested 3,392,000 Liras.
Investors invest mainly in trade, catering, tourism, transport and so forth services. ----08B
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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