The State Committee for Securities registered the issue of shares of three state closed joint stock companies on July 10. In the capitalization an additional 1 billion 415.9 million manat was invested.
JSC Azerbaijan Steel Production Complex was established on April 23, 2013. Issue of shares for the formation of its share capital in the amount of AZN 2 million was made only last Friday.
In May this year, the Cabinet approved the new Statute for JSC Azerbaijan Railways and revised the amount of its authorized capital. The company's capital was raised from 599 million AZN to 726.1 million AZN. In June the charter capital of the newly formed JSC Baku Metro was raised from 484.1 million AZN to 1 billion 770.9 million AZN.
The government, in contrast to the majority of private companies, invests in the charter capital for the development of state-owned companies. From July 2013 to April of this year, the securities of about 2,000 issuers held at the National Central Securities Depository increased from 8.1 to 13.5 billion manat. The bulk of these securities are owned by the state. - 08D-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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