JSC Bank Avrasiya has increased the authorized capital by 25%, bringing it to the level required by the Central Bank of AR (50 million manat) by January 1, 2015.
According to the information on the website of the financial structure, the share capital increase was carried out by converting the nominal value of 20,000 shares from 2,000 to 2,500 manat for each security.
JSC Bank Avrasiya received its banking license on 28 November 2007. Its founders are Ltd. Euro Standard (37.5%), LLC Galaxy (37.5%) and LLC Thaining Global Inc. (25%). --17D-
Economics
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The EBITDA (earnings before interest, taxes, depreciation, and amortization) of the State Oil Company of Azerbaijan (SOCAR) has been declining in recent years, as reflected in reports by international rating agencies and the company’s own financial statements. SOCAR’s financial report for 2024 is expected in the summer of 2025, but preliminary data from Fitch Ratings indicates a further decline in the figure.
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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