KOBIA-run company’s authorized capital reduced


June 18, Fineko/abc.az. The authorized capital of the company, owned by the Agency for the Development of Small & Medium-sized Businesses (KOBIA) under the Ministry of Economy, decreased by 44.45%.

ABC.AZ reports that the authorized capital of Birgə Invest LLC, owned by KOBIA, decreased by AZN 2 million from AZN 4.5 million to AZN 2.5 million.

Birgə Invest was established in November 2019 under slogan "Convenient trust-based cooperation in business development", and in April this year rebranded.

Birgə Invest is one of the coordinators of project "Prosperous Absheron", implemented with the support of KOBIA.