The insurance company Baki Sigorta plans to increase its charter capital up to 9 million 373.84 thousand manat (+ 11.9%).
According to the report of the State Committee for Securities, it will be possible due to the additional issue of shares in the amount of 1 million 160 manat. The additional issue is divided into 1 316 shares with par value of 760 manats for security.
JSC Baki Sigorta began to work on October 1, 2007. The shareholders of the structure with a registered capital of 8 million 373.68 thousand manat are 4 businesses and 2 individuals.
Last year the premiums of Baki Sigorta amounted to 3 million 508.26 thousand manat, while the payments were 2 million 375.11 thousand manat. --17D-
Economics
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The State Oil Fund of Azerbaijan (SOFAR) reported revenues of $4.60 billion from the Azeri-Chirag-Guneshli (ACG) oil field in the January-September period of 2024, a decline of 12.1% compared to the same period last year. In 2023, SOFAR recorded revenues of $5.23 billion from ACG, the largest oil field in Azerbaijan.
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Azerbaijan launched its first trade forum on Monday to highlight the opportunities and challenges faced by small and medium-sized enterprises (SMEs). The forum, titled “Opportunities, Current Situation and Challenges for SMEs,” aims to strengthen dialogue between the public and private sectors while promoting international business cooperation.
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Vahid Magerramov, Head of the Public Association for Support of Agrarian Reforms, has raised concerns over rising consumer prices in Azerbaijan, warning that the inflation trend could have serious economic consequences for the country.
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