Azerbaijan may arrange the first initial public offering (IPO) of shares on the BSE.
To prepare for this process a meeting was held yesterday with representatives of the State Committee for Securities, the Exchange and professional participants of the securities market. The company presented the preparatory process for IPO. Further, the company is to implement underwriting, auditing, legal services, and investor relations. The alleged issue volume and the nominal value of the shares is not reported.
In BSE noted that IPO securities company Golden Pay is the first fruit of its advisory program listing.
According to the Ministry of Taxes, LLC Golden Pay was established in July 2007. The company is the first in Azerbaijan provider of online payment. The system was launched in December of 2008, after receiving the safety certificates from Visa and MasterCard. In March 2009, was the first online payment. The company owns online portal services hesab.az, which was launched in April 2011. The authorized capital of the company is 100 manat. - 08D-
Economics
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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.
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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.
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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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