Today, the Ministry of Taxes announced closure of branches of three foreign companies.
The company Wenaas Caspian is the main unit of the largest supplier of work clothes in Europe - KWINTET AS. It has worked in Azerbaijan since 1999.
The service company Black Gold International Oil FZCO (United Arab Emirates) has operated in Azerbaijan since 2007 and is indirectly related to the group of companies Azersun Holding. Its head Koksel Kirtanir represents a number of companies in this group (Middle East Petroleum FZE, Access Trans, Qafqaz Trans Service).
The closure of a branch was also stated by Hong Kong company Velosi (HK) Limited. This company has been working in Azerbaijan since 2004. -----08D
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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