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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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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