The Financial Markets Supervision House on January 23 registered a report on the placement of additional issue of JSC International Bank of Azerbaijan in the amount of 600 million manat.
Thus, the paid-up share capital of IBA has reached 1 billion 241 million 287.2 thousand manat.
The decision to increase the authorized capital of IBA was made in February 2016 as part of the bank’s rehabilitation and to ensure the adequacy of its capital to the assets. -----08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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