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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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