The requirements of the Ministry of Finance first of all
The insurance company Qarant Sigorta plans to increase its authorized share capital from 4 to 5 million (+25%). Thus, the requirement will be fulfilled by the level of the Ministry of Finance of the authorized capital by January 2014.
According to the State Securities Committee (SSC) has registered the issue prospectus, the shareholders decided to use this structure conversion method, bringing the nominal value of each of the four thousand shares from one thousand to one thousand 250 manats. The issue for the number AZ1001008486 registered on April 19.
Insurance company Qarant Sigorta began operations on November 27 of 2007.
The founder of the company is ZQAN Holding.
The company provides services on 18 types of voluntary and 4 compulsory insurance.
To date, the authorized capital is 4 million manat. - 17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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