On the Baku Stock Exchange (BSE) today started offering bonds of local non-banking credit organization FinEx Credit. The total value of the deal is $ 450 thousand. It's not the first placement of securities in recent years - in November last year BSE recorded the start of an issue twice as less.
The current issue includes 900 bonds with par value of $ 500. Term placement of bonds is 3 years at a rate is 14% per annum.
Payment of interest on the bonds will be held on a quarterly basis. Placement of the bonds will be held by public subscription.
NBCO FinEx Credit received a license from the Central Bank September 18, 2013 and in one month started to core activities. Its shareholders are one legal and two physical entities. --17D-
Economics
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Reflecting the growing economic and strategic partnership between Azerbaijan and the United Arab Emirates (UAE), Minister of Economy Mikayil Jabbarov attended a ceremony in Baku on Tuesday, celebrating UAE Independence Day. This underscored the diplomatic and commercial importance of the relationship. The event, organized by the UAE Embassy, marked a rare appearance by Jabbarov at such gatherings, highlighting his influence on Azerbaijan’s economic policies and the significance of ongoing negotiations on the Comprehensive Economic Partnership Agreement (CEPA) between the two nations.
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In November, the State Tax Service fined 608 entrepreneurs who received payments for goods and services from clients' bank cards directly to their personal bank cards. Similar reports of fines for card-to-card transactions were issued by the Tax Service in October. The agency clarified that these violations were identified during monitoring activities at retail and catering establishments in Baku.
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Azerbaijan has undertaken significant regulatory reforms to advance its digital and transport sectors, President Ilham Aliyev announced on Thursday, signing a decree amending the regulations governing the activities of the Ministry of Digital Development and Transport.
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The Ministry of Agriculture of Azerbaijan has announced the return of its renowned fair, "From Village to City," which will take place from December 21 to 30 in Baku. The event, held in the Narimanov district near the "Ganjlik" metro station, will provide farmers with a platform to sell their products directly to consumers, bypassing intermediaries.
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