The first public information on the securities market participants has been released in the electronic data disclosure system. JSC Synergy Group announced (https://goo.gl/gqXYsO) its liquidation and withdrawal from circulation of shares totaling 50 million manats in connection with the change of the legal form. The Group will continue its activities in the form of a limited liability company.
The decision was made by the company's shareholders on February 1.
JSC Synergy Group was established in April 2010. It includes more than 20 companies working in the spheres of industry, agriculture, hospitality, banking, etc. Ashraf Kamilov owns 99% stake in the company.
We note that earlier this year the elimination of the shares of Ata Holding was announced. ----08B
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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