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 Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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