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2 clusters · 8 sources · 3 days · First seen 19 days ago · Last updated 17 days ago

Azerbaijan administrative and industrial restructuring

Overview

Azerbaijan has initiated several administrative and legal reforms through presidential decrees. In the legal sector, the Yasamal District Court ordered the first state confiscation of cryptocurrency, seizing 830 units from a Binance account following the conviction of two individuals for illegal international money transfers.

Simultaneously, the government is restructuring state entities to consolidate industries. President Ilham Aliyev signed decrees to merge the silk and carpet industries by integrating Azeripək JSC into Azerkarxala JSC. This reorganization includes halting the privatization of state shares in Azeripək and transferring the Qax District Breeding Silk Station to the new management structure. The move is intended to optimize the production chain, diversify the non-oil sector, and preserve national craftsmanship. Additionally, the Seaside Boulevard Administration is being reorganized into a closed joint-stock company to manage the Baku National Park.

Entities

Azerbaijan · Ilham Aliyev · Azeripək · İ. R. F. · B. H. R.

Timeline

17 days ago

[BUSINESS] 2 sources
Azerbaijan merges silk and carpet industries under new decree
President Ilham Aliyev signed a decree merging Azerbaijan's silk and carpet industries into Azerkarxala JSC to optimize production and boost the non-oil economy.
19 days ago

[BUSINESS] 7 sources
Azerbaijan implements cryptocurrency seizure and industry restructuring
Azerbaijan records its first cryptocurrency confiscation in a major court ruling and announces the merger of Azerrhalcha and Azepək to bolster the national silk and carpet industries.

Sources

az.trend.az · azedu.az · bakupost.az · banker.az · ednews.net · sabirabadxeber.az · ucnoqta.az · xeberler.az