KOBIA-run company’s authorized capital grew by AZN 1.6 million

12:58 - 7.02.2022


February 7, Fineko/abc.az. The authorized capital of Birge Invest LLC, owned by the Agency for the Development of Small & Medium-sized Businesses (KOBIA) under the Ministry of Economy, increased by AZN 1.6 million (by 55.2%).

ABC.AZ reports that company's capital grew from AZN 2.9 million up to AZN 4.5 million.

Birge Invest was created in November 2019 under the name "Convenient trust-based cooperation in business development", and in April of this year it was rebranded.

The commercial organization is one of the coordinators of the Prosperous Absheron Project, implemented with KOBIA-support.