The State Committee for Securities registered the day before (http://www.scs.gov.az/n480/muganbank) the next issue prospectus of ordinary non-documentary registered shares of JSC Muganbank under the number AZ1001005466.
After the successful placement of securities the share capital of the financial agency will increase from 41 million 305.80 thousand to 46 million manats. The current issue volume of 4 million 694.2 thousand manats is divided into 23,471 shares with par value of 200 manats.
JSC Muganbank was founded in 1992. In total the country has 30 branches and 4 branches of the bank. They provide customer service for all types of banking products. --17D-
Economics
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By the end of 2024, inflation in Azerbaijan is projected at 5.1%, increasing to 5.8% in 2025, as per the Central Bank's announcement. Just six months ago, in April, the bank had forecasted inflation at 3.5% for 2024 and 4.2% for 2025.
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The Cabinet of Ministers of Azerbaijan has approved the charter of the "Tourism and Recreation Zones Management and Development Center," a public legal entity under the State Tourism Agency. The decision, made on November 4, is intended to fulfill the requirements outlined in the presidential decree from August 2, 2024.
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A new desalination plant to produce drinking water is set to be built in Sumgait, Azerbaijan, as part of a project aimed at meeting increasing water demands in Baku and the Absheron Peninsula. The project was announced on November 5 during a bid-opening ceremony for proposals submitted in a tender for the plant’s development, according to the Turan news agency.
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Heydar Aliyev International Airport (GYD) has solidified its role as a critical transit hub for Azerbaijan, connecting Baku to over 80 international destinations across more than 30 countries. With routes linking major European cities like London, Paris, and Rome, as well as strategic points in the Middle East, Central, and South Asia, the airport has become central to Azerbaijan’s tourism and transit expansion.
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