Baku Stock Exchange (BSE) has placed shares of the insurance company Ata Sigorta for a total of 1 million manats.
According to the Exchange, all shares sold on Monday 18 February as part of a deal (one investor). Today they have posted 100% of the announced issue. Paid-up share capital of the company, therefore, has reached 7.6 million manat.
AtaSigorta has been operating in the insurance market since 2004 and is active for 22 types of voluntary and 4 types of compulsory insurance.
AtaSigorta is the founder and member of the Bureau of Compulsory Insurance.
The company has 4 branches and 4 representative offices. - 17D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review