The non-bank credit organization FINOKO became the first NBCO to increase the share capital this year.
According to the State Committee for Securities, the issue prospectus of its shares with the ISIN code AZ1001019467 was registered yesterday. If the prospectus is successfully and in time redeemed, the share capital will increase by 700 thousand manat (they issued 70,000 securities with a par value of each being 10 manat).
The authorized capital of FINOKO, which received a license to operate in September last year, has totaled 300 thousand manat. Its shareholders are two individuals. --17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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