On 13 September the Baku Stock Exchange held a full offering of shares of JSC AzerEnergy with the total nominal value of over 200 million manat. The shares were purchased by the sole shareholder of the public joint stock company - the State Committee on Property.
The shares were issued in August this year.
State operator for the production and distribution of electricity in Azerbaijan was funded in 1998. However, the issue of shares took place only in 2008. Previous public offering by AzerEnergy was held in December 2011. Issue of shares is primarily due to government investment in fixed assets of the company.
Thus, the share capital of JSC AzerEnergy reached 1,760.4 million manat. This is the highest registered capital of public and private companies in Azerbaijan. - 08D-
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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