Local Deka Bank has brought the level of authorized capital to 52.767 million manat (an increase of 2.2 times).
As stated in the press release of the bank, to increase immunity against financial risks they did not need an additional issue - it was enough to convert securities. Thus, the nominal value of each of the 47,970 shares rose from 500 to 1,100 manat.
Deka Bank was created in 1989. Its shareholders are 7 individuals. The largest shareholder is Rafael Agaev - 30.44% of the shares. --17D-
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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