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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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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