LLC ADB Broker announced its transformation into CJSC Demir Investisiya Sirketi. This application is given for participation in the securities market and corresponds to the entry into force of the Law of Azerbaijan Republic "On the Securities Market".
In addition to changing its name and legal form of organization, it also increased the authorized capital from 170,000 to 230,000 manat.
According to the law promulgated this month, a brokerage company is to be transformed into an investment company. This demand has been fulfilled by two companies (Azfinance Investisiya Sirketi and Demir Investisiya Sirketi).
CJSC Demir Investisiya Sirketi has been valid from 2004 and is a subsidiary of OJSC Demir Bank. The company owns 300 shares of CJSC Baku Stock Exchange at a face value of 200 manat each. The company has a license for brokerage and dealer activities. ----08B
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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