
The BSE today begins placing unsecured, interest-bearing book-entry registered bonds of JSC Bank of Baku. The underwriter of securities placement is LLC Pasha Capital.
The State Committee for Securities registered in the beginning of this month, the prospectus of bonds Bank of Baku for a total of 10 million manat. The par value of a bond is 1 AZN, the period is 3 years, and the annual interest rate is 12%.
The Bank of Baku has been operating on the banking market since 1994. The shareholders are three businesses and two individuals, including Rafik Aliev (11.22% in the share capital) - brother of the disgraced Economic Development Minister Farhad Aliyev. -15D -
Economics
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
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Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
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Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
Что ждать Азербайджану от новой администрации США? - беседа с Лоренсом Шитсом
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