Since Beginning of Year Cash Auctions Sold 1,458,400 Shares
At the 12 cash auctions conducted since the beginning of the year from 25 % to 44 % of 18 joint-stock companies with a total nominal value of more than 2.6 million manat were sold. However, in all cases the shares were sold at 50 % of face value.
Total sold at auction were 1,458,400 shares. The nominal value of 1,329,000 of them was AZN 2, and the remaining ones were 0.50, 0.25 and 0.05 manat.
As of July 1 this year, the state represented by the State Committee for Property Affairs had equity in 296 JSC.
In the course of privatization in 1997 in Azerbaijan shares were sold at about 1,500 JSC. -08B-
Economics
-
Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
-
Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
-
Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
-
The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
Leave a review