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Azerbaijani company tightening its belt by cutting down its authorized capital

GenevaTimes by GenevaTimes
August 15, 2025
in Europe
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Azerbaijani company tightening its belt by cutting down its authorized capital
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Economy
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16 August 2025 01:13 (UTC +04:00)

Azerbaijani company tightening its belt by cutting down its authorized capital


Olimp Construction LLC in Azerbaijan is reducing its authorized capital by 19.97 million manat ($11.75 million) to 21.26 million manat ($12.5 million). The company notified its debtors and creditors, who have one month to demand early fulfillment or compensation.

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