Azerbaijan Investment Holding launches website

Azerbaijan Investment Holding launches website

The Azerbaijan Investment Holding (AIH), created in August 2020, has recently launched the website, according to Azerbaijan in Focus, reporting Turan News.

The content of the site consists of previously published legal documents aimed at regulating the activities of AIH, members of management structures, brief information about 22 portfolio companies transferred under the management of the holding.

It is noteworthy that the site does not contain data on the procurement of AIH and financial statements and portfolio companies, the structure and management of the holding office. This year, AIH posted announcements on the procurement of organizational technology and telecommunications equipment in the public procurement portal, the results of which have not yet been reported. AIH plans to purchase stationery and household goods, fuels and lubricants, wheels for cars, car repair and overhaul services, cleaning of premises, etc.

AIH manages portfolio state-owned companies and enterprises based on common principles, improving their activities, as well as increasing the transparency and economic efficiency of their investment programs, ensuring their competitiveness. So far, the holding has not disclosed a single document on improving the financial condition and ensuring the stability of the state-owned companies and enterprises transferred to it. Some AIH portfolio companies (BakuBus LLC, Baku International Trade Sea Port CJSC, and Azerbaijan Airlines CJSC) hide their financial statements.