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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The Azerbaijani government has adopted new guidelines to facilitate employment for individuals with special social protection needs and those facing difficulties in securing jobs. The resolution, approved on December 29 by the Cabinet of Ministers, outlines targeted programs aimed at job creation through public-private collaboration.
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The Cabinet of Ministers of Azerbaijan has approved new regulations to facilitate targeted employment programs aimed at supporting individuals with special social protection needs and those facing employment challenges. The measures, under the State Employment Agency, seek to enhance job creation in priority economic sectors.
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The Cabinet of Ministers of Azerbaijan has announced key amendments to various regulatory acts to ensure compliance with the law adopted on May 24, 2024, aimed at updating the Tax Code, the Customs Code, and laws on state duties and licensing.
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The Azerbaijani Cabinet has implemented significant changes to energy regulations in line with new laws aimed at enhancing the country’s electrical infrastructure. A decree signed by Prime Minister Ali Asadov on December 29 introduces amendments to several prior governmental decisions and cancels previous regulations, including a key rule on electricity production and equipment operation limits.
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