Newly changed in favor of the majority shareholder (AXA Group) the share capital of the insurance company AXA MBASK. Its share in the authorized capital of the financial structure is 84%.
In October 2010, it acquired a controlling stake (51%), then in fact, has shown interest in the local financial market - at the end of fiscal year 2012 it had 22,860 shares worth 8,732,520 manat (nominal value of each bond - 382 manats) . Of these, 8,634 or 37.769% owned by one individual (citizen of Azerbaijan) and 14 226 or 62.231% - one foreign entity.
After another gain AXA Group's share came to 84% (19,202 shares or 7,353,170 manat). Eldar Garibov owns 16%.
Open Joint Stock Company AXA MBASK has been operating in the insurance market since 1992 and provides services to 25 voluntary and 4 compulsory insurance.
In October 2010, the insurance company changed its main shareholder, and on 7 December of that year, its license was renewed. The controlling stake (51%) was acquired by AXA Group (France) through its subsidiary AXA Sequros Generales, SA, De Sequros Y Reasequros (Spain).
The paid-up share capital of the company amounts to 8,732,520 manats. It has a national network of 5 branches and representative offices. - 17D-
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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