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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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