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Azerbaijan's car business announces nosedive in its charter capital

Economy Materials 21 December 2024 01:27 (UTC +04:00)
Azerbaijan's car business announces nosedive in its charter capital
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, December 21. Eco Cars Azerbaijan LLC announced a reduction in its authorized capital, Trend reports via the "Taxes" newspaper of the State Tax Service under the Ministry of Economy.

Thus, the LLC reduced its charter capital to 100 manat ($59) from 190,000 manat ($111,760).

To note, Eco Cars Azerbaijan was registered on October 24 of this year with Shabnam Rahmatova as its legal representative.

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