The Financial Markets Supervision Authority has registered 7,750 shares of the A-Group insurance company at a nominal price of 1,291 manat each. Thus, the company’s authorized capital will be increased from AZN 8 million 5,750 to AZN 10 million 5,250.
The authorized capital will be increased by increasing the nominal value of the 7,750 shares from AZN 1,033 to AZN 1,291 each.
Note that A-Group started its activity in 1995. ---71D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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