Brokerage Company AzFinance Invest announced transformation into a closed joint stock company. This is a step towards the formation into an investment company.
According to the adopted by Parliament on May 15, the law "On securities market" is supposed to reformat existing market securities broker and dealer companies in the investment company, the legal form which must be a corporation.
The authorized capital of JSC AzFinance Invest remained the same - 1 million manats. Released were 1,000 shares with par value of 1,000 manats.
The company is currently working on software that allows the entry of the Central Bank of 100,000 investors simultaneously.
JSC AzFinance Invest was established in January 2014 and operates in Gilan Holding Capital Towers. The company notes that it is not part of the holding structure. In turn, the Gilan Holding AzFinance İnvest refers to the partner companies.
From this year AzFinance Invest Consulting is a participant of the program listing of the Baku Stock Exchange (BSE). In May, the turnover of services to the company amounted to more than 5 million. manats. ---08B
Economics
-
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.
-
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.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review