JSC "AtaHolding" increases share capital
One of the largest holding companies of Azerbaijan OJSC "AtaHolding" increases share capital by 38 845 thousand manats. Issue of shares of the State Committee for Securities registered the 23rd of May.
The Department of Public Relations of the holding told Turan, that the funds from the offering will be used for the development of certain of its subsidiaries ("AtaS?gorta", "AtaBank" "Bank VTB (Azerbaijan)", Shamkir poultry farm, etc.).
JSC "AtaHolding" has operated since 2003. Its registered capital is 83.9 million manat. The holding company is consolidated in financial, industrial, tourism and other sectors of the economy.
The founders of "AtaHolding" are three foreign companies. Local and foreign media claim that the holding company is owned by the family of President Ilham Aliyev. 08D
-
- Economics
- 24 May 2013 17:37
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review