The Listing Committee of BSE decided to include shares of OJSC International Bank of Azerbaijan, the country's largest bank in terms of assets, in the unquoted list of the main level.
Placement of ordinary shares of IBA is scheduled to start on 29 March. Within 3 months, the bank intends to bring 100 million manat to the capital through the sale of 370,370,371 shares of a par value of 0.27 manat each. It should be noted that the market shares of the issuer are offered at 0.12-0.15 manat, depending on the party.
Recall that the listing of the main (first) level of BSE also includes shares of Demir Bank. --08D-
Economics
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
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Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
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Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
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