The shares of "Bank BTB" for a total of 3 million manat posted on Monday on the BSE .
Issue of 36.4 million ordinary documentary registered shares of 1 AZN passed state registration in May. According to the exchange, all shares were sold in a single transaction (one investor). Underwriting was provided by Unicapital.
On today placed 63.8 % ( 23.24 million manat) announced issue. According to the legislation issue is held in the case of placing her half .
Paid charter capital, operating since 2010, "Bank BTB" thus reached 36.84 million manat. The main shareholder of the bank (75 % equity) is Mehdiyeva Nigar Ismayil Gyzy (on 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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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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