The Financial Markets Supervision House registered an additional issue of shares of the state company Azerishig (state monopoly of the electricity network) on December 6. A total of 131 million 50 thousand new shares with par value of AZN 2 each were issued.
In February this year the Cabinet of Ministers increased the authorized capital of JSC Azerishig from 623 million 533.5 thousand manat to 855 million 633.5 thousand manat. The current issue of securities is a belated fulfillment of the government regulations.
The source of the increase of the authorized capital of state companies is public investment. -----08D
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review