Shares of Credo Bank for a total amount of 500,000 manats were posted last Thursday on the BSE.
Thee 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). Underwriting services were provided by Chelsea Capital LLC. They have posted 4.3% (1.3 million manat) of the announced issue.
The paid-up share capital of the bank, thus, reached 21.84 million manat. KredoBank shareholders are 11 individuals and two entities . - 15B -
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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