Baku Stock Exchange finished placing the last issue of AFB Bank stocks totaling 10 million manat.
According to the exchange, all of the shares were sold in two transactions (two investors) carried out at intervals of one day.
Thus, the capital reached 52.3 million, exceeding the new requirements for the minimum level of capital of 50 million manat, which will come into force on 1 January 2015.
The main stake (99.48 % of the equity) of the bank is concentrated in the hands of LLC Gilan (belongs to the family of the Minister of Emergency Situations of Azerbaijan). -15B -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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