The State Committee for Property Affairs announced the results of the seventh specialized cash auction , which was put up 55 to 70 percent of the shares of the three regions of the country are located in the joint-stock companies .
Total for the acquisition of more than 65 thousand shares (par value of one share of - 2 AZN) received 212 applications. Applications accompanied by cash for a total of 67,392 manat. According to the results of the auction were produced by the division of shares in a lower face value and thus the number of shares traded was 174,775 pieces.
At the auction were sold 55% of the shares of "Gence Temir Qurashdirma" and "Agcabedi Tedaruk" and 69.88 % of shares of "Agcabedi Gol Baliqchiliq".
Recall that the specialized cash auctions for the sale of shares of privatized enterprises conducted in 2011, after the government privatization shares were withdrawn from the December 31, 2010 from circulation. It is noteworthy that the privatization shares (1 share - 4 vouchers) are still bought and sold on the "black" market, where they are given for AZN 3. - 08D-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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