Shareholders of Unibank will meet August 2 at an extraordinary general meeting. The only issue on the agenda is to increase the share capital.
Today Unibank’s paid share capital, taking into account preference shares, is 70.5 million manats. Of these, shares totaling 56,600,000 manats give shareholders the right to vote. Eldar Garibov owns 68.3% of the bank's capital.
Unibank's shareholders are also EBRD - 15.15%, the German Investment Company (DEG) - 8.33% and other minority shareholders.
The size of the planned capital increase is not reported. The latest decision to raise the bank's authorized capital was adopted in December 2013. ---08D
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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