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 state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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