The insurance company Mega Sigorta plans to increase its authorized capital by 21.8% - from 11.5 million to 14 million manat. After registration in the Ministry of Taxes it will allow the company to prevent the increasing number of financial risks.
The State Securities Committee (SSC) registered the issue prospectus on April 29. According to SSC, the shareholders decided to release 500 simple registered, not certificated shares by mass offering. The nominal value of each of them is 5,000 manat. The registration number of the issue is AZ1001006183.
Full placement of the issue will enable the insurance company to increase the authorized capital by 2.5 million manat.
The insurance company Mega Sigorta has been operating in the local market since October 2010. -17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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