On July 13, 2012 Azerbaijan State Securities Committee registered a prospect of issue of shares of Azerkorpu open-type JSC. The decision to issue shares with total value of 5000 AZN was made at the session of shareholders on June 24, 2012 after merger with the Ukrainian Azerkorpu-Autobahn company, founder of which is Azerbaijani citizen.
A source from Azerkorpu told Turan that the goal of the merger is implementation of a big transport infrastructure project, the contractor of which is Azerkorpu company, in Kiev district. Azerkorpu-Autobahn company has experience of construction of the Kiev-Chop highway.
During 2011 Azerkorpu company carried out the contract works totaling about 300 million AZN. The company has got a net profit of 17 million AZN. The authorized capital of JSC is 372,290 AZN.—0—
Economics
-
President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
-
Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
-
Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
-
The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
Leave a review