For the financial stability of JSC Azerishyg its authorized capital has been increased to 885.63 million manats. The decision of the Cabinet of Ministers of Azerbaijan Republic, providing for the capital increase from 623.53 million (+ 42%), also relates to increasing the total number of shares from 311,766,766 to 442,816,766. The cost of the nominal value of each security is not changed - approximately AZN 2 (1.999988).
Providing the solutions is entrusted to the State Committee for Property Affairs of Azerbaijan, State Committee for Securities, the Ministry of Taxes and Azerishyg.
Recall, by the head of state decree on February 10, 2015 JSC Bakyelektrikshebeke was renamed to JSC Azerishyg, according to which the powers of Azerenergy in terms of power supply to consumers were transferred to it. --17D-
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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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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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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