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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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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