The shares of Bank BTB for a total of 6.6 million manat were placed at Baku Stock Exchange.
Issue of 36.4 million ordinary documentary registered shares of 1 AZN passed state registration in May. According to the exchange, all the shares were sold in two transactions (two investors). The underwriting services were provided by Unicapital.
By today they have placed 28.1 % (10.24 million manat) of the announced issue. According to the legislation, an issue is held in the case of placing a half of it.
The paid charter capital of the bank operating since 2010 thus reached 23.84 million manat. The main shareholder of the bank (75 % equity) is Mehdiyeva Nigar Ismayil Gyzy (according to unofficial estimates, the daughter-in-law of the head of the Presidential Administration Ramiz Mehdiyev) . The remaining shares are divided between two individuals. - 15B -
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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