BAKU/23.10.13/TURAN : Commercial Bank Azer-Turk Banki starts from October 23 this year to accommodate 1,204,410 ordinary registered non-documentary shares of 1 manat , the Baku Stock Exchange said.
Issue of shares included in the quotation list of the exchange. According to the prospectus , placement will be held by the mass demand.
Underwriter of the stock is the brokerage company Chelsea Capital.-15D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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