JSC "Bank Silk Way" increases capital by 16.03 million or 29.6% to 70.19 million manat.
As the press service of the State Committee for Securities said, the corresponding prospectus for 116,160 ordinary registered non-documentary shares of 138 manat, was registered yesterday.
According to the prospectus, the placement will be held by means of mass accommodation at the Baku Stock Exchange (BSE).
The paid charter capital of the bank now stands at 54.16 million manat. It is owned by LLC Silk Way Airlines and two individuals. - 15B -
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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