Commercial Bank OJSC Nikoil Bank starts on August 21 this year to accommodate 6 million ordinary registered uncertified shares of nominal value of AZN 2, - the Baku Stock Exchange.
Issue of shares included in the quotation list of the exchange. According to the prospectus, placement will be held by the mass demand. Underwriting Services provides LLC Chelsea Capital.
At full placement of new shares authorized capital of the bank will grow by 53.3% to reach $ 34.5 million manat.-15B--
Economics
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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