One of the largest distribution companies of Azerbaijan has announced the termination of independent activity and further unification with another company. According to the special issue of the newspaper "Vergilyar" (Taxes), the official publication of the Ministry of Taxes on the registry data of commercial legal entities, the Ltd. "Sun Food Service" merged with LLC "Sun Food". Both companies are subsidiaries of LLC "Azersun Holding". The Ltd. "Azersun Holding" operates since 1991, and is one of the country's leading manufacturers of consumer goods. 08B
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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