JSC Rabitebank increases its share capital by 8.394 million or 38.8%.
As the press service of the State Securities Committee (SSC) said, the corresponding prospectus for 413.705 thousand ordinary registered non-documentary shares of 20.29 manat was registered on October 1.
According to the prospectus, placement will be held by means of mass accommodation at the Baku Stock Exchange.
Today, the authorized capital is 21.61 million manat. It is owned by six individuals and 14 legal entities. - 15B -
Economics
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Azerbaijan's defense and national security expenditures are set to increase significantly next year, driven by the need to enhance military capabilities and respond to Armenia's escalating militarization efforts, Finance Minister Samir Sharifov said on Monday.
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Azerbaijan's state budget expenditure for 2025 has been proposed at AZN 41.368 billion, Finance Minister Samir Sharifov announced during a session of the Parliamentary Committee on Economic Policy, Industry, and Entrepreneurship on Saturday.
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The Asian Infrastructure Investment Bank (AIIB) has announced the size of its first allocated loan for renewable energy projects in Azerbaijan.
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In Azerbaijan, debates are ongoing about the feasibility of hosting the UN Climate Conference COP29 in Baku. Azerbaijani critics argue that the event could place a heavy burden on the country's budget, with rumors circulating that the recent increase in fines for traffic violations and a surge in such penalties aim to fill the budget gap left by COP29 expenses.
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