The insurance company Era Trans plans to increase the authorized share capital from 5 million 268 thousand to 5 million 700 thousand manats (7.58%).
According to the State Securities Committee (SSC) has registered the issue prospectus, the shareholders decided to use this structure conversion method, bringing the nominal value of each of the 3 million shares from 1 756 to 1 million 900 thousand manats. The issue for the number AZ1006008549 registered on April 19.
The insurance company Era Trans began operations in aprele1994.
Due to the changes in the statute and the re-registration of the company in the form of an open joint stock company in 2006, it was issued a new license for a period of 5 years, and in 2011 it received a permanent license.
The company has a branch in the city of Sumgait. - 17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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