BAKU/27.12.13/TURAN : Baku Stock Exchange December 30, 2013 will begin publication of book-entry unsecured bonds of Joint Leasing Company.
The State Committee for Securities registered this week the prospectus of Joint Leasing Company bonds totaling 10 million manat. The nominal value of one bond is 1,000 manat and the term is ,1825 days , the annual interest rate - 10%. Underwriter of securities is LLC International Transaction System.
Joint Leasing Company has operated from 14 June 2007 as the legal successor of the first leasing company in the country - " Azerlizing ." Shareholders are British company DH Leasing Ltd (52.4%) and the International Bank of Azerbaijan ( 47.6 %). - 15B -
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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