Twenty four companies with foreign capital are liquidated
In the first half of this year in Azerbaijan was liquidated 22 companies with 100% foreign capital and joint ventures 2.
According to State Statistical Committee, since the beginning of the year in Azerbaijan State Register of legal entities were removed 222 companies, 39 of which were state-owned. Over six months were formed 4097 private companies, including 350 with the participation of foreign capital.
For July 1 this year in Azerbaijan operate 5194 companies with 100% foreign capital, as well as their representative offices and branches, 1676 companies in which present and local capital.
Third f companies with foreign capital belong to Turkey. Then come Turkey (9.6%), Russia (7.1%), Iran (5.6%), the U.S. (3.9%), Germany (2.3%.)
Foreign companies operate mainly in the fields of construction - 1048 subjects, processing industry - 590 Trade - 1893 etc. --08D--
-
- Economics
- 22 July 2014 11:58
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review