With arrival of new management tax debt Baku Steel Company has tripled

After the arrival of the new management of tax debts LLC “Baku Steel Company” (BSC) in March this year increased by about three times and reached 6.3 mln. AZN ($ 3.7 mln.).

According to “Turan”, citing data from the State Tax Service, only for the last week of accrued and unpaid taxes increased by 237 thousand. Manats.

Last week, the Narimanov District Court of Baku began its consideration of action against BSC upon export from the country of foreign currency. The money paid, and the goods are not entered in the legally prescribed term. On the sum of money is not reported.

In the Baku commercial court continues consideration and action of the Central Bank and the liquidation commission of JSC “Bank Standard” for the settlement of Baku Steel Company loan.

It is noteworthy that the production figures in the steel industry this year have improved significantly. According to the SSC, the first eight months of commercial production of steel (. 188.4 thousand tons) increased by 15.4%, construction reinforcement (184.6 thousand tons.) – 21%. BSC does not open its own production volumes, although it is known that the company belongs to the leading position in the domestic ferrous metallurgy industry.