JSC Bank BTB decided to bring the authorized capital up to 50 million manat in accordance with the requirements of the Central Bank of Azerbaijan.
As stated in the Baku Stock Exchange (a space for redemption), an additional issue of shares totaling 5.16 million AZN was placed yesterday. There are 5,160 shares with a par value of 1,000 AZN each.
Thus, the share capital of this body will increase by 11.5%.
Shares of Bank BTB are included in non-quotation list of BSE. Underwriter of the shares of the bank under the additional issue is OJSC Unicapital. --17D-
Economics
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As a significant step toward strengthening Azerbaijan's position in global trade, the "International Trade" working group of the Commission on Business Environment and International Rankings held a videoconference to review progress achieved and set objectives for 2025. Key participants included the First Deputy Minister of Economy, Elnur Aliyev; the Head of the Economic Reforms Monitoring and Evaluation Sector, Vusal Shikhaliev; and the Deputy Chairman of the State Customs Committee, Natig Shirinov.
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Under the auspices of Azerbaijan’s Ministry of Economy and the Azerbaijan Export and Investment Promotion Agency (AZPROMO), a pivotal exporters’ meeting was held this week in Baku. The event brought together government officials, industry leaders, and entrepreneurs to review progress in export operations over the past year and set ambitious goals for 2025.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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