The JSC «Muganbank» started placement of additional shares in the amount of 5 million manat. According to the Baku Stock Exchange, this is done in order to increase the authorized capital to 55 million 200 manat (+ 10%).The additional issue will be placed in the alternative segment, and the securities included in the stock exchange listing. It is planned to sell 25,000 shares with the par value of 200 manats. Underwriter of placement is the "Investment Unicapital». The JSC «Muganbank» with registered capital of 50 million 200 manat is valid since November 1992. The main shareholder (65.5% share) and the Chairman of the Supervisory Board is Elmir Mehdiyev. His father Macbeth Mehdiyev has 13.1% of the shares, Wafa Veliyeva - 12.05%, and Farida Mehdiyva - 11.35%. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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