Express Bank is going to increase its authorized fund by 10.61 million AZN or by 10.4% up to 112.317 million AZN.
The capitalization will be carried out by increasing of face value of 372,282 shares from 273.2 to 301.7 AZN.
Press office of the State Securities Committee reported that converting of Express Bank shares has passed through the state registration on Tuesday.
Express Bank shareholders are 4 juridical persons, including ADOR (42% share) and Azenko Group LLC (40%).—0—
Economics
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Azerbaijan's "Working Group on Macroeconomic Stability," established by the Cabinet of Ministers to ensure the effective implementation of measures under the nation's 2022-2026 socio-economic development strategy, met on September 9 to review progress.
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The Agricultural Subsidy Council recently made a critical decision affecting Azerbaijan’s crop farming sector in 2025, particularly in light of rising fuel prices. On September 3, the Council announced new yield coefficients, seed and seedling quotas, and planting requirements for the upcoming year.
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The Agency for the Development of Small and Medium-Sized Businesses (KOBIA), in collaboration with the Ministries of Economy and Ecology and Natural Resources, organized a conference today in Baku focusing on the role of small and medium-sized enterprises (SMEs) in advancing the green economy.
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Under the golden September sun, the Third Grape and Wine Festival took place in Shamakhi, in the village of Meysari on September 7-8, 2024, drawing wine enthusiasts and tourists alike to celebrate Azerbaijan’s ancient winemaking traditions. Organized by the State Agency for Tourism, the festival highlighted the country’s efforts to rejuvenate its viticulture industry, with a focus on boosting local production and expanding export opportunities.
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