Shares of Credo Bank for a total of 300 thousand manats were posted on Wednesday, at the Baku Stock Exchange.
Emission of three thousand ordinary shares of par value of documentary 10 thousand manats passed state registration in October. According to the Exchange, all the shares were sold in a single transaction (one investor). The underwriting services were provided by Chelsea Capital. Today posted 2.7% of the announced issue.
The paid-up share capital of the bank, thus, reached 21.34 million manat. CredoBank shareholders are 11 individuals and two entities. -15B-
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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