Baku/28.02.14/Turan : Four days was enough for Capital Bank for a complete offering of shares to raise 70 million manat , although not all of its shareholders to participate in this process.
Share placement completed on February 27 . The rest of the three-day grace period for existing shareholders bought 3464 shares holder of 99.9 % of the shares - LLC Pasha Holding. Just placing attended 32 of about 170 shareholders.
Thus, the authorized capital of "Kapital Bank" has reached 150 million manats. Since the privatization of this position increased by 130 million manat. Then about 2.5 thousand minority bank owned 2.5% of its shares. - 08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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