In January and February of this year, local companies raised from the capital market 211.5 million manat to increase the authorized capital. This is 9 times more funds raised through corporate bonds.
According to BSE , the main figures of the sector are the placement of the International Bank of Azerbaijan (110.8 million manat ), Capital Bank ( AZN 70 million ) , which accounted for 85 % of raised funds for two months.
JSC "AtaHolding" in February raised equity capital by 2.5 million manat, 2.4 million of which immediately sent to bring to AZN 10 million authorized capital of its subsidiary - JSC "AtaS?gorta".
Last month, the shareholders of Atrabank, Gunaybank and Amrahbank contributed to the authorized capital of their companies around 25.7 million manat.
The corporate bond market securities were placed of four financial companies (Finance Leasing, Joint Leasing Company, Credit House and Parabank) and one industrial building company (OJSC Accord). Rates on these CB fluctuate in the range of 8-15% per annum.
On the securities market in Azerbaijan active are banks and insurance companies, which experts attribute to the need for capital adequacy on the attracted deposits, as well as regulatory requirement on the minimum level of its share capital. Other companies, most of which were formed in the course of privatization of state property, almost avoid turning into the capital market. - 08B-
Economics
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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