Open Joint Stock Company Parabank increases share capital immediately to AZN 16 million. This means that by the end of the year there are still a few issues of the bank to meet the request of the Central Bank of Azerbaijan (CBA) on July 25, 2012 to increase the total capital to 50 million manat.
According to the State Committee for Securities on 10 July registered with ISIN-code AZ1001003800 issue prospectus of ordinary shares of Parabank. According to it, the bank may issue 80 thousand shares with par value of AZN 200 each.
Parabank was created December 3, 1991. It includes 80.49% owned by five individuals and 19.51% owned by 14 minority shareholders. On 1 April 2012 the total capital of Parabank was 13.85 million manat and the share capital was 11.57 million manat. - 17D-
Economics
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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Azerbaijan has temporarily suspended the import of cattle, poultry, and related products from several regions following outbreaks of foot-and-mouth disease and highly pathogenic avian influenza in Europe, the Middle East, and Africa, the country's Food Safety Agency (AQTA) reported.
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