JSC Non-bank Credit Organization Finoko plans to increase its financial stability by $ 750 000. This is the size of the bond issue registered in the State Securities Committee (SSC).
According to the regulator, it is planned to put 750 unsecured bonds with par value of $ 1 000 in circulation. The placement is planned in the mode of an open subscription.
Finoko providing loans to small businesses and consumers received a license to operate in September 2014.
On 3 June it registered a prospectus in the amount of 300,000 manat at SSC in order to create the starting share capital (30,000 shares with par value of 10 manat) for the private placement of shares. --17D-
Economics
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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Consumer prices in Azerbaijan saw an overall increase of 2.1% in January 2025 compared to the previous month, according to the State Statistical Committee's latest report. Prices for food products rose by 2.4%, with vegetables and fruits among the most significant contributors, marking a 3.7% and 5.6% increase respectively. Non-food products and services saw a more modest rise of 1.1%, with the transportation sector and housing services experiencing slight hikes.
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On February 11, Azerbaijan opened a trade house in Punjab (northeastern Pakistan), an event described as "significant for strengthening bilateral relations between Azerbaijan and Pakistan" by Pakistani media. The opening ceremony, which involved the Finance Minister of Punjab, Mian Mujtaba Shuja-ur-Rehman, was attended by officials and marked an important step in economic collaboration.
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BP, which has been operating in Azerbaijan for almost 32 years and is a strategic partner of the country, has outlined its steps for 2025 and the medium-term future, both for ongoing projects ("Shah Deniz," "Azeri-Chirag-Gunashli" – key fields of the country) and for the "green" project of creating the Shahdag Solar Power Station (SPS) in the Jebrail district. BP's vision was shared by Vice President for the Caspian Region, Bakhtiyar Aslanbeyli.
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