The non-bank credit organization Finoko Bokt proceeds to the placement of a bond issue in the amount of $ 750 thousand.
According to Baku Stock Exchange (BSE), the prospectus was registered by the State Securities Committee. The emission is divided into 750 bonds with par value of $ 1 thousand each.
The bonds will be emitted for a period of 3 years at a rate of 15% per annum. Placement of the bonds will be held by public subscription. The placement underwriter is OJSC Unicapital.
JSC Finoko Bokt received a license to operate in September 2014. The authorized capital of the company is 300,000 manat. The shareholders are two individuals. --17D-
Economics
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Azerbaijan’s State Tax Service is grappling with technical issues on its online portal, e-taxes.gov.az, preventing the submission of mandatory social insurance and health insurance tax declarations. The problem has emerged at a critical time, as the 20-day quarterly period for submitting declarations began on October 1.
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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