The authorized capital of the state-run CJSC Azerbaijani Railways (ARW) increased by 127 million or 21.1%. The decision (http://www.azerbaijan-news.az/index.php?mod=3&id=40234) was taken by the Cabinet of Ministers of Azerbaijan (№ 148, dated 16 May 2014).
The position and structure of CJSC Azerbaijan Railways were approved February 15, 2010. At the same time the registered capital was set up as 599 million manat. The nominal value of one share is AZN 2. The share capital increases by issuing additional shares.
ARW profit for 2013 was 9.1 million or 4.08 % of revenues.
The government periodically reviews the amount of capital of public joint stock companies, in which it has 100% ownership interest. Last year, the authorized capital of Azerbaijan Airlines was increased by 39 million manat and brought to 829.9 million manat. By the volume of capital among public companies the leadership belongs to AzerEnergy – AZN 1.76 bn. -08B-
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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