The intention of a local non-bank credit organization to raise the share capital has been confirmed. The State Committee for Securities registered the issue of primary shares by NBCO ProCredit at 300,000 manat.
According to the information from SCS, the emission is divided into 300 shares with par value of AZN 1,000 each.
According to the Central Bank of Azerbaijan, as of October 1, 2014, 46 non-bank credit organizations had licenses to operate in Azerbaijan. --17D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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