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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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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