The OJSC Bank of Baku is to issue bonds in the amount of $ 12 million.
According to the State Committee for Securities, it has registered the issue prospectus of the bank's securities, the nominal value of each of them (12,000) being $ 1 000. The registration number of the prospectus is AZ2009005367.
The Bank of Baku has been operating since 1994. Last year's net profit of the bank was 46.391 million manat .
The shareholders are NAB Holding (40 %), Azpetrol (28.89%), Rafik Aliyev (11.22%), Elchin Isayev (10%) and LLC Azinvest (9.89%). -17D-
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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