The shares of Bank of Azerbaijan of the total amount of AZN 2 million were placed on the BSE. According to the Exchange, all the shares were sold in two transactions.
Issue of 825 thousand ordinary registered non-documentary shares of 20 manats passed state registration in August 2012. The underwriting was provided by Respublika Invest. Today they have posted 52.7% (8.7 million manat) of the announced issue. According to the legislation, an issue is considered valid in case of placing a half of it.
Paid-up share capital of the bank, thus, reached 42.2 million manat. Since 1993 the shareholders of Bank of Azerbaijan have been two individuals and one entity. - 15B -
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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