Tomorrow the State Securities Committee (SSC) will organize in Lankaran a video conference with the heads of some 100 joint-stock companies, located in the southern parts of the country.
The press service of the State Committee for Securities told Turan, the event aims to improve corporate governance and accountability in joint stock companies. This is the first action of the sort by SCS, using information technology in the relationship with the companies.
Heads of the departments of Baku SSC answer your questions representatives of JSC.
The level of corporate governance and accountability in the Azerbaijani joint-stock companies is very low. General meeting of shareholders shall be held on a regular basis, the Supervisory Board has a formal character, shareholder rights are violated, and the annual and financial reports are not published. - 08D-
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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